696: BITCOIN WILL SOAR TO $100 TRILLION MARKET VALUE, SAYS MICROSTRATEGY CEO MICHAEL SAYLOR!!!!
Michael Saylor , CEO of Microstrategy ($MSTR) predicts Bitcoin will continue appreciating in value to the point where BTC becomes a “stabilizing influence” for the entire global financial system. He predicted, in a bold call, that Bitcoin’s market value will skyrocket to $100 trillion.
“There’s a $500 trillion monetary planet and the outer layer is currency, then you’ve got stocks, bonds, real estate. There’s $10 trillion worth of gold in there, $1 trillion of bitcoin in there. Bitcoin is going to flip gold, and it’s going to subsume the entire gold market cap.
Then it’s going to subsume negative-yielding sovereign debt and other monetary indexes until it grows to $100 trillion. Once it gets to $10 trillion, its volatility will be dramatically less,” Saylor said. “As it marches toward $100 trillion, you’re going to see the growth rates fall, the volatility fall, and it’s going to be a stabilizing influence in the entire financial system of the 21st century.”
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