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Michael Saylor: “Bitcoin will either fall to zero or skyrocket to $1 million”

Founder of MicroStrategy, Michael Saylor, has made a bold prediction for the future of Bitcoin, stating that it will either plummet to zero or skyrocket to $1 million and become a prominent asset for institutional investors. Saylor discussed the potential of Bitcoin on a recent CNBC interview, highlighting its ability to revolutionize investment strategies globally. He believes that Bitcoin’s journey to the million-dollar mark hinges on its legitimacy and demand among large corporations. If financial institutions continue to place their trust in the first cryptocurrency, its value will surge rapidly. Saylor underscored the unique advantages of Bitcoin as a digital asset, including its decentralized nature, limited supply, and growing global adoption.

During the interview, Saylor also admitted that his “zero or million” forecast reflects the inherent volatility of the cryptocurrency market. While many institutions currently underestimate Bitcoin, Saylor anticipates a significant shift in investment strategies as more companies seek to increase their exposure to Bitcoin for long-term growth.

“If Bitcoin doesn’t crash to zero, then it will undoubtedly reach $1 million. If it gains recognition as a legitimate asset for institutional investors, it is definitely not receiving the attention it deserves,” said Saylor.

Previously, Saylor expressed his belief that Bitcoin exchange-traded funds (ETFs) offer higher profitability compared to Bitcoin futures ETFs. He suggested that the approval of cryptocurrency ETFs in the United States could lead to trillions of dollars flowing into them. MicroStrategy, in November, further solidified its bullish stance on Bitcoin by acquiring an additional 155 BTC valued at $5.3 million.