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17.02.2025 11:51 AM
According to Michael Saylor, co-founder of Strategy (formerly MicroStrategy), Bitcoin is on its way to replacing gold as the primary store of value. He predicts that in the near future, Bitcoin's price could reach $500,000, and in the long term, even $5 million.
Saylor identifies three key catalysts that could drive this growth:
Saylor also emphasizes that Bitcoin's role as a hedge against inflation is becoming increasingly relevant. He is confident that even without significant changes in regulation or institutional adoption, Bitcoin is already on track to surpass gold.
Furthermore, he noted that the recent Bitcoin purchases by Strategy highlight his confidence in the bright future of cryptocurrency. The company has increased its holdings to 478,740 BTC, after purchasing 7,633 BTC for $742.4 million in the week ending February 9. The latest acquisition was made at an average price of $97,255 per Bitcoin.
Despite the company's recent losses, Saylor is still betting on Bitcoin's long-term potential. Overall, his forecasts and beliefs underline the growing attention towards Bitcoin as an alternative asset amid economic uncertainty and inflation.
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