Michael Saylor, one of the world’s largest Bitcoin whales, has set the date for the new peak in BTC. He said that bitcoin could replace gold.
Michael Saylor made a massive $10 trillion crypto prediction
The Fed’s rate hikes aimed at slowing inflation were the reason for the recent sales. Bitcoin swayed wildly this week as investors brace themselves for a Fed “sledgehammer” that could trigger a “worse-than-2008” crash. Now, Michael Saylor, head of software company MicroStrategy, says that Bitcoin will return to $68,990 in the next four years. The Bitcoin whale, however, said that Bitcoin could replace gold. In a statement to MarketWatch this week, Saylor noted the following compared to gold and BTC:
The next logical stop for Bitcoin is to replace gold as an independent store of assets. Bitcoin is digital gold, it is 100 times more sufficient than gold, and if Bitcoin catches gold, it will cost $ 500,000.
Koindeks.com As you’ve followed, Saylor resigned as MicroStrategy’s CEO in August. His resignation came after MicroStrategy reported losses of close to $1 billion in the second quarter of 2022. Even now, Saylor is renewing its reinforcement of Bitcoin from social media at every opportunity. He says at MarketWatch’s Best New Ideas in Money Festival that Bitcoin will “institutionalize”, without giving a clear date. Saylor added that Bitcoin could surpass gold “within the next decade.”
However, Saylor warns there is no short-term Bitcoin prediction.
Saylor stated that he has no idea what the Bitcoin price will be 12 months from now. However, he pointed out that all markets are very volatile due to the Federal Reserve’s fiscal tightening policy. Saylor points to the Bitcoin price’s four-year moving average for a potential bottom:
Bitcoin price “has reached the value of $ 20 several times. I think this is stable.