24/7 Cryptocurrency News

“Bitcoin Is Going To A Million Dollar”-Michael Saylor

Published by
“Bitcoin Is Going To A Million Dollar”-Michael Saylor

Michael Saylor, founder and CEO of American cloud-based company, Microstrategy, in his tweet sharing his interview with CNBC Squawk Box, predicts a massive upward price movement for world’s leading cryptocurrency, Bitcoin. 

Advertisement

Bitcoin Is Better Than Gold And What It Wants To Be

In replying to a question of the possibility of losing significantly due to a scenario of Bitcoin falling hard and failing to hit lofty heights ever again, Saylor revealed his firm belief in Bitcoin as a valuable digital asset. 

According to him, there are two belief systems; the deniers and the skeptics; and both have made assumptions about Bitcoin, made wrong by the wide embrace of crypto by administrators, government and regulators. He firmly believes in even better times for the coin.

Despite price volatility, Saylor believes that as long as the price of Bitcoin doesn’t get to zero, it’ll get to a million. A bill presented on the capital floor by two senators on Monday, has resulted in a slight pump in the price of Bitcoin.

In light of popular comparisons between Bitcoin and Gold, Saylor believes Bitcoin to be a more valuable asset and states its uniqueness in terms of adoption and security cannot be recreated even with $500 billion. 

Advertisement

Negative Emotions On The Rise As Crypto Volatility Falls

Like Saylor, analysts and scholars in the crypto field have volatility to blame for their projections. The prices of coins are unpredictable and the crypto market unstable. As a result, there is a general unwritten rule advising investors to not trade with their emotions.

Since November last year, the crypto market has been on the negative side with tons of millions lost by traders and investors; both private individuals and corporate firms. As a result, emotions have constituted a large portion of traders and investors bias. 

Over the last few months, Bitcoin has been valued around the $30,000 mark, recording slight pumps and declines above and below respectively. A massive selling activity led to Bitcoin falling below $1.3 trillion, after closing below the $30,000 mark at around $29,500, a 5% decline. 

Bitcoin’s position as the world’s leading cryptocurrency has impacted other cryptocurrencies and altcoins alike, such as Cardano. Investors are uncertain on the coin’s next big move and remain hesitant as has been indicated on the Fear and Greed Index which lies at just 20. 

Advertisement

Share
Sunil Sharma

Sunil is a serial entrepreneur and has been working in blockchain and cryptocurrency space for 2 years now. Previously he co-founded Govt. of India supported startup InThinks and is currently Chief Editor at Coingape and CEO at SquadX, a fintech startup. He has published more than 100 articles on cryptocurrency and blockchain and has assisted a number of ICO's in their success. He has co-designed blockchain development industrial training and has hosted many interviews in past. Follow him on X at @sharmasunil8114 and reach out to him at sunil (at) coingape.com

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Gold Vs Bitcoin – Peter Schiff Predicts BTC Will Be ‘Rugged by Gold’

The long-running rivalry between gold and Bitcoin has resurfaced. Economist and gold advocate Peter Schiff…

October 8, 2025
  • 24/7 Cryptocurrency News

CEA Industries’ BNB Holdings Reach 480K as Binance Coin Hits New ATH of $1,300

BNB has surged to a record $1,300, overtaking XRP in market value, as CEA Industries…

October 7, 2025
  • 24/7 Cryptocurrency News

Peter Brandt Predicts XRP Could Drop to $2.2 If This Happens

Veteran trader Peter Brandt has dropped another XRP analysis, in which he revealed what could…

October 7, 2025
  • 24/7 Cryptocurrency News

Fed’s Stephen Miran Says He’s ‘Sanguine’ on Inflation Outlook as He Backs More Rate Cuts

Federal Reserve Governor Stephen Miran has again suggested that he isn't worried about the inflation…

October 7, 2025
  • 24/7 Cryptocurrency News

S&P Launches Crypto 50 Index But There’s A Catch

S&P Dow Jones Indices has introduced a new crypto index called the S&P Digital Markets…

October 7, 2025
  • 24/7 Cryptocurrency News

NYSE Owner ICE to Invest $2B in Polymarket as Interest in Prediction Markets Heats Up

Crypto predictions platform Polymarket has secured a strategic investment from New York Stock Exchange (NYSE)…

October 7, 2025