• Michael Saylor, founder and executive chairman of MicroStrategy, predicts that a catalyst will cause Bitcoin to explode by over 900%.
• Saylor is bullish on Bitcoin following the U.S. Securities and Exchange Commission’s (SEC) claims that some high-profile crypto assets are securities.
• Saylor believes retail investors are starting to realize that nothing can replace Bitcoin and institutional capital will flow into the space once uncertainties surrounding altcoins and stablecoins have been eliminated.
Michael Saylor Predicts Bitcoin Explosion
MicroStrategy founder and executive chairman Michael Saylor says he’s bullish on Bitcoin (BTC) following the U.S. Securities and Exchange Commission’s (SEC) claims that a number of high-profile crypto assets are securities. In a new Bloomberg interview, Saylor predicts that one catalyst will trigger Bitcoin to explode by over 900%.
Retail Investors Appreciate BTC’s Unique Position
Saylor believes retail investors are beginning to understand BTC’s unique position as nothing else can replace it in the cryptocurrency space. He says, “I think there’s been a lot of confusion because of the 25,000 other cryptos and because of all the crypto securities that have been angling to position themselves as the next Bitcoin or a better Bitcoin. So now I think that the public is beginning to realize that Bitcoin is the next Bitcoin.” He goes on to suggest that this realization could lead BTC’s value to potentially 10x from its current trading price at $25,068 at time of writing.
Institutional Capital Expected To Flow Into Crypto Space
The microstrategy exec also states his confidence in institutional capital entering into the cryptocurrency market if confusion surrounding alternative coins and stablecoins can be eliminated. He reports, “I think what you’ve got to remember is the reason that we don’t have mega institutional money flowing into the space is confusion and anxiety.” If these anxieties disappear, then huge amounts of money could enter into this market according to his predictions; increasing BTC’s share of total market cap up from 49% currently up as high as 80%.
Future Predictions For Cryptocurrencies
Moving forward for cryptocurrencies such as bitcoin depends heavily on how much support it receives from both individuals as well as institutions alike – something which has already begun but has yet room for improvement should more clarity become available regarding regulatory issues surrounding cryptocurrencies overall in order for it reach its full potential with respect to value growth in future years or decades ahead.
Conclusion
In summary, MicroStrategy founder Michael Saylor is optimistic about bitcoin despite recent regulatory issues from SEC claiming certain cryptos were considered securities – believing instead retail investors would begin coming around realizing bitcoin was indeed special compared against competing tokens while also predicting huge amounts cash would be entering into this sector assuming those anxieties were cleared up soon enough among institutional entities looking invest their funds within this space accordingly due its growing acceptance worldwide today.