The head of MicroStrategy, Michael Saylor, is one of the most famous Bitcoin maximalists in the crypto industry.. The entrepreneur recently shared a new forecast and noted that Bitcoin will reach $5 million in the future.. MicroStrategy currently holds 158,400 BTC coins worth $5.5 billion in its portfolio. It is noteworthy that this is about 0.8% of the total issue of the flagship crypto asset.
The expert is confident that in the future Bitcoin will be able to displace gold. At the same time, he believes that next year the asset will reach $500 thousand, and then rush to the level of $5 million. Saylor suggests that the potential approval of spot BTC-ETFs will be a powerful catalyst that will push the quotes of the main digital coin to sustainable growth.
The specialist also believes that in the future Bitcoin will become widespread in the banking industry.. Over time, credit institutions will allow opening deposits in BTC and will even charge interest on the balance. In conclusion, Saylor noted that Bitcoin is a highly liquid asset. Against this background, any investor can adjust their asset balance, and do this at the fairest prices possible.
It is worth noting that today Bitcoin quotes have adjusted slightly. According to several industry experts, this trend is primarily due to the situation in the global energy market. At the auction on November 7, Brent oil prices fell below $84. This had a negative impact on Bitcoin itself.
It is noteworthy that most altcoins began to strengthen their positions against the backdrop of the BTC drawdown. For example, Binance Coin increased in price by 3.3% over the past 24 hours. Nevertheless, the main crypto asset retains the potential to further strengthen its position.