As a seasoned crypto investor with a decade of experience under my belt, I must admit that the predictions made by MicroStrategy’s Michael Saylor and Dogecoin cofounder Billy Markus, alias Shibetoshi Nakamoto, have caught my attention. While their predictions seem to be on opposite ends of the spectrum, they both share a bullish outlook on Bitcoin’s future.
Michael Saylor, MicroStrategy CEO and well-known Bitcoin advocate, recently expressed a fresh outlook on the potential value of Bitcoin in an interview with CNBC. He stated that Bitcoin could potentially reach a valuation of at least $13 million, echoing a bold prediction he’s made before.
Nevertheless, this event had a significant impact on the cryptocurrency market, even reaching notable figures such as Dogecoin co-founder Billy Markus, also recognized as Shibetoshi Nakamoto. In response, he offered his own Bitcoin price forecast. Markus expressed disagreement with Saylor’s perspective and stated that he believes the value of Bitcoin could surge to an astronomical figure, potentially reaching “$100 billion trillion quadrillion.
Although Markus may have humorously commented on Bitcoin’s price and Saylor’s overly optimistic forecasts, his prediction aligns with Markus’ bullish perspective on BTC. Previously, he would advise his younger self to: “Buy a lot of Bitcoin, sell some in 2021 to buy a house, and keep the rest.
Long way to go
Currently, Bitcoin’s value, still shy of a million dollars, has climbed by 4.19% this week to reach $57,200. Despite a turbulent week, the leading cryptocurrency has managed to hold above $50,000, indicating that potential buyers find it attractive at this price level.
In simpler terms, currently, 4.2% of the needed value for a $13 million Bitcoin valuation has been reached, leaving 22.727% to go. But for Bitcoin to reach Markus’s predicted growth rate, it would need to increase by an extremely large amount, equivalent to over 17 quadrillion quadrillion percent.
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2024-09-10 13:31