Advertisement
One of bitcoin's biggest supporters – Michael Saylor – reiterates his view that digital assets are a better financial instrument than gold. In contrast to the majority of market analysts who think the price of BTC will fall to zero, Michael Saylor expects the asset to rise to $1,000,000.
Although BTC is currently trading well below its all-time highs, Saylor remains optimistic about it. Bitcoin, like it or not, is unique.
In an interview with CNBC, he stated that the short-term volatility of the coin is not something to worry about. The reason is that it will prevail in the long run. In his view, the cryptocurrency space is divided into "deniers," "skeptics" and bitcoin supporters. The first two groups have always insisted that electronic assets are not real or that the government will sooner or later ban this type of asset.
In Saylor's view, both of these views are wrong. Instead of disappearing or dumping to zero, BTC would rise to $1 million, he added.
Americans claim that bitcoin is "unique" because no network in the world has such a level of acceptance or level of security.
In addition, the CEO was referring to the crypto-friendly regulatory bill that Senators Cynthia Lummis and Kirsten Gillibrand proposed earlier this week. According to him, the law recognizes the future potential of bitcoin. If that happens, it will prove to society as a whole that digital assets are a "real thing that will exist for us."
