As a seasoned analyst with over two decades of experience in the financial market, I must admit that the predictions and opinions expressed by Michael Saylor and Ryan Rasmussen regarding Bitcoin are quite intriguing.
As a passionate crypto investor, I’ve been closely following the insights shared by Michael Saylor, the visionary co-founder and executive chair of MicroStrategy. Recently, he’s been shedding light on Bitcoin’s significant role in the ongoing transformation of our monetary system – a topic that has certainly piqued my interest!
“Bitcoin is better money”: Saylor
On this occasion, Saylor posted a Bitcoin-related tweet featuring an artificial intelligence-created picture. In this image, he appears to be standing on a beach at a tropical island, and he’s wearing a large, coin-shaped stone pendant with a hole in the center around his neck.
The stone circle possibly represents our historical understanding of currency and coins. In his tweet, Saylor implies that he views Bitcoin as superior to any form of money ever used by people, such as seashells, precious stones, animal skins, and so on, which served as means of exchange since their invention.
#Bitcoin is Better Money
— Michael Saylor⚡️ (@saylor) December 12, 2024
Currently, one Bitcoin is being traded for approximately $101,365, following a 7.33% rise over the past two days. It has also bounced back from the $94,500 price range.
Bitcoin to hit $200,000 next year: Bitwise Invest’s Ryan Rasmussen
The head of research at Bitwise Invest Ryan Rasmussen published an X post, in which he shared several stunning crypto price predictions for the year 2025. One of them was about the world’s largest cryptocurrency Bitcoin.
Rasmussen expressed his prediction that by 2025, the value of Bitcoin could reach an astounding $200,000, having first surpassed the $100,000 mark in December of this year. He also disclosed a series of factors he believes will drive such a price increase. Among these factors are companies purchasing Bitcoin, the establishment of a US Strategic Bitcoin Reserve, enhancements in the regulatory and political environment, reduction in the supply of Bitcoin due to the 2024 halving, and substantial inflows into Bitcoin ETFs on the spot market.
Forecast #1: Bitcoin, Ethereum, and Solana reach unprecedented peaks, with Bitcoin exceeding $200k in value.
— Ryan Rasmussen (@RasterlyRock) December 11, 2024
Additional obstacles were mentioned by him: governments trading Bitcoin, excessive use of leverage, and unsatisfactory interest rate reductions.
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2024-12-12 18:10