Michael Saylor interview with Tom Bilyeu on Impact Theory – Why Bitcoin at $13 million is inevitable
The post Michael Saylor interview with Tom Bilyeu on Impact Theory – Why Bitcoin at $13 million is inevitable appeared on BitcoinEthereumNews.com.
Michael Saylor, the executive chairman of MicroStrategy, remains as ambitious as ever. This is despite the fact that he has forfeited his voting rights. During a recent interview on Tom Bilyeu’s Impact Theory, he reaffirmed his assertion from the Bitcoin 2024 conference in Nashville that Bitcoin would ultimately be valued at $13 million. Around the time Michael made this prediction, the asset was trading for $65,000. Now Bitcoin is trading at $104,000, and he is still grounded on that prediction. Saylor told the host, Tom Bilyeu, that his $13 million Bitcoin price target was calculated using the “Bitcoin24” model. Saylor’s main assumption is that Bitcoin will experience a 20% annual growth rate over 21 years. He explained that Bitcoin’s trend for several years has been to increase by 60% annually and have an average rate of return of 29% over the next 21 Years. In addition, Saylor explained that 95% of the world remains in the dark about Bitcoin’s potential. Therefore, he said that with education and adoption by high-net-worth individuals, Bitcoin would definitely reach its target. The MicroStrategy Chief said, “And the thing driving it from $100,000 to $13 million over the next 21 years is the adoption of it as a capital asset by people that have the wealth.” Microstrategy’s humongous purchases confirm Saylor’s convictions In the interview, Saylor said that in six weeks, they had raised $15 billion. This explains why Microstrategy has been buying Bitcoin in huge quantities. If Michael Saylor believes that Bitcoin is going to rise much higher then that shows why they have been buying Bitcoin at $100,000. In fact, between December 9 and December 15, MicroStrategy acquired 15,350 Bitcoins for an estimated $1.5 billion at an average price of $100,386 per BTC. As a result of this most recent acquisition, the company’s…
