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Michael Saylor is bullish, claiming Bitcoin will hit $21 million, and reaching $1 million is just a matter of time.@Bitcoin
$BTC
#Bitcoin❗ Michael Saylor has once again reinforced one of the most aggressive projections in the crypto market. In a recent interview with CNBC, the founder of Strategy stated that Bitcoin will reach $21 million per unit by 2047 and emphasized that hitting $1 million is simply a timing issue.$BTC
◽Saylor is betting on global monetization of Bitcoin.$BTC
According to Saylor, the market is currently in a 'spring phase' of the Bitcoin cycle, characterized by strong institutional accumulation and rising supply absorption.
The exec projected that BTC could hit around $125,000 by October, maintaining support near $60,000 as the market still faces some macroeconomic pressures. However, his long-term thesis goes far beyond a mere bull cycle.
Saylor argues that the $21 million target shouldn't be seen as a traditional price prediction, but rather as the outcome of Bitcoin monetizing a significant portion of global capital.
In that view, institutional growth would progressively absorb all the new miner supply available. 'Our company will likely buy up all the Bitcoin produced by miners between now and 2140,' Saylor stated during the interview.
Michael Saylor is bullish, claiming Bitcoin will hit $21 million, and reaching $1 million is just a matter of time.@Bitcoin
$BTC
#Bitcoin❗ Michael Saylor has once again reinforced one of the most aggressive projections in the crypto market. In a recent interview with CNBC, the founder of Strategy stated that Bitcoin will reach $21 million per unit by 2047 and emphasized that hitting $1 million is simply a timing issue.$BTC
◽Saylor is betting on global monetization of Bitcoin.$BTC
According to Saylor, the market is currently in a 'spring phase' of the Bitcoin cycle, characterized by strong institutional accumulation and rising supply absorption.
The exec projected that BTC could hit around $125,000 by October, maintaining support near $60,000 as the market still faces some macroeconomic pressures. However, his long-term thesis goes far beyond a mere bull cycle.
Saylor argues that the $21 million target shouldn't be seen as a traditional price prediction, but rather as the outcome of Bitcoin monetizing a significant portion of global capital.
In that view, institutional growth would progressively absorb all the new miner supply available. 'Our company will likely buy up all the Bitcoin produced by miners between now and 2140,' Saylor stated during the interview.