MicroStrategy CEO Michael Saylor stated that Bitcoin is not going to zero, so it is going to $1 million, and he explained to CNBC why this event would take effect.
MicroStrategy CEO Michael Saylor has never flickered in his positive perception about the price of Bitcoin as he repeated that he would never get rid of his holding of crypto assets. His entity is not only the institution with the most investment in BTC, but he has become an enthusiast and even promoter of the benefits of the first digital asset, which he firmly believes in despite its decay.
Saylor tweeted an interview led by CNBC’s Squawk Box in which he expressed that he is still optimistic about Bitcoin. He explained that Bitcoin would not reach zero, so it would reach USD 1 million, and explained the reasons behind this statement.
Bitcoin is an Asset that cannot get Replicated
Saylor explained in detail why he thinks Bitcoin would not crumble down. He added that Bitcoin was a unique blockchain without any replication, even if it brought an instant $5 billion to boost the foundation of a similar platform that would count on the same level of security.
During the interview, Saylor got asked if he waited for Bitcoin to fall and suffer significant losses after its massive investment in BTC: Michael Saylor said that the digital asset would never reach zero.
Saylor explained that skeptics and Bitcoin deniers have been swimming in the wrongful pool for a long time, as governments have not prohibited Bitcoin and are looking for alternative options to accept and set a regulation over it. Therefore, it ensures that the digital asset would not reach zero. And if it would not go to zero, then it goes to the million-dollar price mark.
He further expressed that Bitcoin was by far better than gold and everything gold wants to be. For that reason, he explained that if BTC were worth only what gold is worth, Bitcoin would be worth five hundred thousand dollars per coin.
Also, in another tweet, he presented a graph highlighting the principal reasons for his enthusiasm and optimism about the price in the future because of the way bitcoin’s price has reached high peaks for so many years. The most optimal bitcoin price signal for technocrats or maximalists is the 4-year simple moving standard.
About the Crypto Law
Saylor named two recent elements that, according to him, grant him more significant support for Bitcoin. One is Treasury Secretary Janet Yellen’s speech at American University on April 7. Yellen explained during that speech that cryptocurrencies are still relevant for America’s future.
The other reason is the cryptocurrency bill presented to the United States Congress by Senators Kirsten Gillibrand and Cynthia Lummis, considering it a law that counts on more legitimacy and solidity.
By: Jenson Nuñez
