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Bitcoin ETF

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 <p class="paragraph">Michael Saylor, the former CEO of MicroStrategy Inc. (NASDAQ: MSTR), is one of the most prominent and controversial Bitcoin (BTC) advocates in the world. Saylor is now forecasting Bitcoin to reach $5 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> per unit due to three possible <a rel="noopener noreferrer nofollow" title="catalysts" href="https://thebittimes.com/tag/catalysts.html">catalysts</a>.</p>
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 <p class="paragraph">Notably, if 1 BTC were priced at $5 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> USD, Bitcoin would have a fully diluted market capitalization of $105 trillion. This would be 4.5 times higher than the United States GDP of $23.32 trillion in 2021, which looks like an unrealistic price target.</p>
 <p class="paragraph">Nevertheless, the former CEO of MicroStrategy seems convinced about this possibility. MicroStrategy is often considered an informal spot Bitcoin ETF due to its high exposure to the leading cryptocurrency.</p>
 <p class="paragraph">Interestingly, the company reportedly holds 158,400 BTC ($5,50 billion) for approximately 0.8% of the current circulating supply. Under Michael Saylor’s leadership, MSTR would extremely benefit from a surge in Bitcoin, either due to fundamental reasons or for a positive speculative sentiment that this bullish forecast could generate.</p>
 <h2 class="wp-block-heading" id="h-3-catalysts-for-5-million-per-btc-according-to-michael-saylor">3 catalysts for $5 million per BTC, according to Michael Saylor</h2>
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 <p class="paragraph">Michael Saylor spoke in a Spaces on X (Twitter) on November 6, and <em>Bitcoin Archive</em> (@BTC_Archive) shared a cut of the talk when Saylor said the following:</p>
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  <p class="paragraph">“[Bitcoin] is going to grind up to replace gold. It will go to $500,000 a coin regardless. But there are three things that are massive <a rel="noopener noreferrer nofollow" title="catalysts" href="https://thebittimes.com/tag/catalysts.html">catalysts</a> to cause an acceleration. Those three things don’t take us to $500,000, they take us to $5 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> a coin.”</p> <cite>— Michael Saylor</cite>
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 <p class="paragraph">In the sequence, the MicroStrategy leader lists the three catalysts to $5 million per BTC in his thesis:</p>
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  <p class="paragraph">“‘A spot ETF where someone can go ahead and buy $100 <a rel="noopener noreferrer nofollow" title="million" href="https://thebittimes.com/tag/million.html">million</a> in Bitcoin by an ETF security, I think that’s one. Two is: Your bank will custody it for you and lend against it. And three is: I can mark it up or mark it down in my balance sheet based on fair value.”</p> <cite>— Michael Saylor</cite>
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 <p class="paragraph">Essentially, Saylor believes that any of these three things could already be isolated catalysts for price surges, but the three things combined would generate massive demand for BTC as a store of value asset.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/michael-saylor-3-catalysts-that-will-take-bitcoin-to-5-million-tbt69368.html">https://thebittimes.com/michael-saylor-3-catalysts-that-will-take-bitcoin-to-5-million-tbt69368.html</a></p>

Michael Saylor: 3 catalysts that will take Bitcoin to $5 million

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