{"id":492642,"date":"2022-06-09T14:00:54","date_gmt":"2022-06-09T14:00:54","guid":{"rendered":"https:\/\/wncen.com\/?p=492642"},"modified":"2024-06-11T08:39:28","modified_gmt":"2024-06-11T08:39:28","slug":"micheal-saylor-says-current-volatility-irrelevant-predicts-bitcoin-at-1-m","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/micheal-saylor-says-current-volatility-irrelevant-predicts-bitcoin-at-1-m\/","title":{"rendered":"Michael Saylor Says Current Volatility Irrelevant, Predicts Bitcoin At $1 M"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Maximalist Bitcoin holder and the Chairman and CEO of the MicroStrategy company, Michael\u00a0Saylor, is still bullish on the Bitcoin despite the bearish market. While commenting on the <\/span><a href=\"https:\/\/www.reuters.com\/markets\/us\/us-senators-unveil-bill-regulate-cryptocurrency-2022-06-07\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">new regulatory bill of June 07<\/span><\/a><span style=\"font-weight: 400\"> in an <\/span><a href=\"https:\/\/twitter.com\/saylor\/status\/00345090?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E00345090%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fu.today%2Fbitcoin-not-going-to-zero-so-its-going-to-1-million-michael-saylor-opines-why\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">interview with CNBC <\/span><\/a><span style=\"font-weight: 400\">on June 08, he predicted Bitcoin&#8217;s price to be around $1 million in the future.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To back his statement, he highlighted the new crypto bill proposed by Democratic Senator Kirsten Gillibrand and Republican Senator Cynthia Lummis to bring the crypto-friendly rules. Saylor added that Bitcoin is a &#8220;real thing that is going to be with us.&#8221;<\/span><\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/terra-luna\/do-knwon-turns-twitter-account-to-private-after-luna-slumps\/\" target=\"_blank\" rel=\"noopener \">Do Kwon\u00a0Turns Twitter Account To Private After LUNA Slumps<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">The interviewer argued about the possibility of BTC falling down, and his company MicroStrategy, which nearly holds 130,000 BTC, could face more losses. Saylor replied that Bitcoin would not likely plummet to zero. Furthermore, he discussed the current volatility is largely irrelevant.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While providing arguments for his belief in Bitcoin growth, he pointed out that both skeptics and deniers, who speculated BTC would crash or governments would shut down the asset class soon as it was not real, proved wrong. Governments instead seek to regulate it, and the price has not dropped to zero yet; he added, &#8220;If Bitcoin is not going to zero, then it&#8217;s going to a million.&#8221;<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">American tech tycoon further stated that Bitcoin is &#8220;obviously better than gold and everything that gold wants to be.&#8221; He noted that if the BTC had the same nature as gold, it &#8220;would be only five hundred thousand USD per coin.&#8221;<\/span><\/p>\n<figure id=\"attachment_492648\" aria-describedby=\"caption-attachment-492648\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-large wp-image-492648\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/06\/BTCUSD_2022-06-09_14-52-15-1.png?resize=860%2C482\" alt=\"BTCUSD\" width=\"860\" height=\"482\"><figcaption id=\"caption-attachment-492648\" class=\"wp-caption-text\">Bitcoin price currently trades above $30,000. | Source: BTC\/USD chart from <a href=\"https:\/\/www.tradingview.com\/chart\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<h2><span style=\"font-weight: 400\">Saylor Believes People Now Recognizing Virtual Assets<\/span><span style=\"font-weight: 400\">\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Saylor highlighted that people are now changing their perspectives on cryptocurrency. He mentioned the new crypto-friendly bill, created by senators Kristen Gillibrand and Cynthia Lummis, and Janet Yellen&#8217;s speech on April 07 at American University. Yellen, in her speech, recited the vision of Bitcoin creator Satoshi Nakamoto and revealed how Bitcoin could play a crucial role in the United States.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Considering these facts, Saylor believes that people have now started to realize that BTC is here to stay with us and will expand the adoption ahead.<\/span><\/p>\n<p><span style=\"font-weight: 400\">It was not the first time Saylor speculated BTC&#8217;s price at $1 million. A few weeks ago, he <a href=\"https:\/\/www.youtube.com\/watch?v=0IQv4M8Gh_o\" target=\"_blank\" rel=\"noopener nofollow\">expressed<\/a> his vision of it skyrocketing to the million mark.<\/span><\/p>\n<p><span style=\"font-weight: 400\">He added at the time:<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400\">There&#8217;s no price target. I expect we&#8217;ll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we&#8217;re very patient. We think it&#8217;s the future of money.<\/span><\/p><\/blockquote>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-stuck-range-30k\/\" target=\"_blank\" rel=\"noopener \">TA: Bitcoin Stuck In Key Range, Why A Major Breakout Is Possible<\/a><\/strong><\/em><\/p>\n<p><span style=\"font-weight: 400\">The cloud-based company MicroStrategy started interacting with Bitcoin in August 2020. In fact, it began accumulating portions of its corporate balance sheet. Since continually gathering BTCs, it <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-04-05\/microstrategy-s-saylor-acquires-190-5-million-more-in-bitcoin#xj4y7vzkg\" target=\"_blank\" rel=\"noopener nofollow\">currently holds<\/a> around 130,000 BTC. Per the previous statements of the CEO, he had no intentions to change its possessions. Instead, he thinks about accumulating more BTC.<\/span><\/p>\n<pre style=\"text-align: center\">Featured image from Pixabay and chart from TradingView.com<\/pre>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Maximalist Bitcoin holder and the Chairman and CEO of the MicroStrategy company, Michael\u00a0Saylor, is still bullish on the Bitcoin despite the bearish market. While commenting on the new regulatory bill of June 07 in an interview with CNBC on June 08, he predicted Bitcoin&#8217;s price to be around $1 million in the future. To back his statement, he highlighted the new crypto bill proposed by Democratic Senator Kirsten Gillibrand and Republican Senator Cynthia Lummis to bring the crypto-friendly rules. Saylor added that Bitcoin is a &#8220;real thing that is going to be with us.&#8221; Related Reading | Do Kwon\u00a0Turns Twitter Account To Private After LUNA Slumps The interviewer argued about the possibility of BTC falling down, and his company MicroStrategy, which nearly holds 130,000 BTC, could face more losses. Saylor replied that Bitcoin would not likely plummet to zero. Furthermore, he discussed the current volatility is largely irrelevant. While providing arguments for his belief in Bitcoin growth, he pointed out that both skeptics and deniers, who speculated BTC would crash or governments would shut down the asset class soon as it was not real, proved wrong. Governments instead seek to regulate it, and the price has not dropped to zero yet; he added, &#8220;If Bitcoin is not going to zero, then it&#8217;s going to a million.&#8221;\u00a0 American tech tycoon further stated that Bitcoin is &#8220;obviously better than gold and everything that gold wants to be.&#8221; He noted that if the BTC had the same nature as gold, it &#8220;would be only five hundred thousand USD per coin.&#8221; Saylor Believes People Now Recognizing Virtual Assets\u00a0 Saylor highlighted that people are now changing their perspectives on cryptocurrency. He mentioned the new crypto-friendly bill, created by senators Kristen Gillibrand and Cynthia Lummis, and Janet Yellen&#8217;s speech on April 07 at American University. Yellen, in her speech, recited the vision of Bitcoin creator Satoshi Nakamoto and revealed how Bitcoin could play a crucial role in the United States. Considering these facts, Saylor believes that people have now started to realize that BTC is here to stay with us and will expand the adoption ahead. It was not the first time Saylor speculated BTC&#8217;s price at $1 million. A few weeks ago, he expressed his vision of it skyrocketing to the million mark. He added at the time: There&#8217;s no price target. I expect we&#8217;ll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we&#8217;re very patient. We think it&#8217;s the future of money. Related Reading | TA: Bitcoin Stuck In Key Range, Why A Major Breakout Is Possible The cloud-based company MicroStrategy started interacting with Bitcoin in August 2020. In fact, it began accumulating portions of its corporate balance sheet. Since continually gathering BTCs, it currently holds around 130,000 BTC. Per the previous statements of the CEO, he had no intentions to change its possessions. Instead, he thinks about accumulating more BTC. Featured image from Pixabay and chart from TradingView.com &nbsp;<\/p>\n","protected":false},"author":561,"featured_media":492647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,6848,1119,1558,86137,81299],"class_list":["post-492642","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-price-prediction","tag-btc","tag-cryptocurrency","tag-micheal-saylor-prediction","tag-microstrategy"],"acf":[],"yoast_head":"\n<title>Michael Saylor Says Current Volatility Irrelevant, Predicts Bitcoin At $1M<\/title>\n<meta name=\"description\" content=\"Commenting on the new regulatory bill of June 07 in an interview with CNBC, Saylor predicted Bitcoin price at around $1 million in the future.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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