Michael Saylor: Bitcoin will no longer experience a bear market, and the price will reach $1 million per coin

PANews reported on June 11 that according to Bitcoin Magazine, Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), said in an interview that Bitcoin has passed the most dangerous stage and there will be no bear market in the future. He predicted that the price of Bitcoin will reach 1 million US dollars and emphasized that senior US government officials support Bitcoin.

Saylor revealed that MicroStrategy is building a unique business model by issuing Bitcoin-backed bonds and preferred stocks, and has completed three Bitcoin-backed preferred stock issuances in the past five months. The company's all-Bitcoin balance sheet gives it an advantage in developing innovative financial products, and it is competing with the $100 trillion traditional bond and preferred stock ETF market. In addition, the market value of Metaplanet, a Japanese listed company, has soared. Saylor believes that this shows that international capital is accelerating into the Bitcoin field, and the next ten years may be the last window for acquiring Bitcoin.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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