Bitcoin Maximalist holder and Chairman and CEO of MicroStrategy company, Micheal Saylor, is still bullish on Bitcoin despite the bearish market. While commenting on new regulatory bill 07 June ing an interview with CNBC on June 08, which predicted Bitcoin’s price to be around $ 1 million in the future.
To support the statement, he highlighted new crypto bills proposed by Democratic Senator Kirsten Gillibrand and Republican Senator Cynthia Lummis to bring in crypto -friendly rules. Saylor added that Bitcoin is a “real thing that will be with us.”
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The interviewer argued about the possibility of BTC collapsing, and the MicroStrategy company, which almost holds 130,000 BTC, could suffer even more losses. Saylor replied that Bitcoin would not go down to zero. Furthermore, his discussion of current volatility is generally irrelevant.
While providing arguments for confidence in Bitcoin’s growth, he pointed out that both skeptics and deniers, who speculated BTC would crash or the government would shut down the asset class as soon as it wasn’t real, proved wrong. The government is even trying to regulate it, and the price has not dropped to zero; he added, “If Bitcoin isn’t going to be zero, then it’s a million.”
The American tech tycoon further stated that Bitcoin is “obviously better than gold and all that gold is all about.” He noted that BTC has the same properties as gold, “only five hundred thousand USD per coin.”
Saylor Believes People Now Recognize Virtual Assets
Saylor highlights that people are now changing their perspectives on cryptocurrency. He mentioned the new crypto-friendly bill, created by senators Christian Gillibrand and Cynthia Lummis, and Janet Yellen’s speech on April 07 at an American University. Yellen, in her speech, shared the vision of Bitcoin creator Satoshi Nakamoto and announced how Bitcoin can play an important role in the United States.
Considering this fact, Saylor believes that people now know that BTC is here to stay with us and will expand adoption in the future.
It’s not the first time Saylor has speculated the BTC price is at $ 1 million. A few weeks ago, she was revealed his vision skyrocketing to the million mark.
He added at the time:
There is no price target. I expect we will buy bitcoin on top locally forever. And I expect Bitcoin to be in the millions. So we are very patient. We think this is the future of money.
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The cloud -based company MicroStrategy began dealing with Bitcoin in August 2020. In fact, it began collecting a portion of the company’s balance sheet. Since constantly collecting BTC, it is now continue about 130,000 BTC. According to a previous CEO claim, he had no intention of changing his belongings. Instead, he thinks about collecting more BTC.
Featured image from Pixabay and chart from TradingView.com