BTC Volatility Falls: Strategy CEO Sees Massive Long-Term Upside
Michael Saylor, the creator of Strategy, recently gave his prediction for Bitcoin in an interview with CNBC at the Money 20/20 fintech conference in Las Vegas. By late 2025, he predicted, the price of the coin might hit $150,000. According to the executive, as institutional usage increases over the next 20 years, the asset could easily reach $20 million. He clarified that his optimism stems from the market’s transformation into a more stable and organized one. He claimed that as the market matures through the use of derivatives and risk-management techniques, Bitcoin’s volatility has been decreasing.
I think Bitcoin’s gonna continue to grind up.
Saylor
Saylor Confident Bitcoin Will Grind Up 30% Annually for 20 Years
Over the previous year, the price of Bitcoin has increased by almost 54%, remaining stable above $100,000 and hitting about $111,000 on Wednesday. However, compared to its October peak of almost $126,000, the current prices indicate a considerable decline. Saylor, however, thinks the currency might soar above $1 million in the upcoming years.
I don’t know why it won’t grind up to a million dollars a coin over the next four to eight years. And of course, my long-term forecast is that it goes up about 30% a year for the next 20 years, and we’re headed towards $20 million Bitcoin.
Saylor
He had previously made it clear that his business would keep purchasing Bitcoin, no matter how much it rose in value. As of the now, Strategy is the largest publicly traded Bitcoin holder in the world, with a Bitcoin stockpile worth over $71 billion.
Saylor: Last Year Was the Most Transformative in Crypto History
Saylor said that the last 12 months had been the most revolutionary in cryptocurrency history. He emphasized that the U.S. government is more publicly supporting stablecoins, tokenized assets, and Bitcoin than ever before. He clarified that approximately a year ago, no one was able to obtain a loan secured by Bitcoin or by ETFs associated with Bitcoin, such as IBIT. He noted that big banks are now becoming more receptive to cryptocurrency, including BNY Mellon, J.P. Morgan, Wells Fargo, and Bank of America.
He went on to say that banks such as Texas Capital and Charles Schwab are currently investigating Bitcoin-related products and are providing advantageous loan terms with IBIT as collateral. He added that he anticipates the business would benefit greatly from the commencement of Bitcoin custody services by 2026 from big banks like Citi and BNY Mellon, as well as the issuance of credit backed by the asset by organizations like J.P. Morgan.
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