Reserve

Bitcoin

<p><strong>Bitcoin (BTC) is experiencing a remarkable resurgence, an opportunity seized by Michael Saylor, co-founder of MicroStrategy, to share his thoughts on what he thinks will happen with the flagship cryptocurrency in the future. His projections about bitcoin (BTC) are rarely pessimistic.</strong></p>
<h2 id="h-bitcoin-btc-still-below-its-true-valuation">Bitcoin (BTC), Still Below Its “True” Valuation?</h2>
<p>Michael Saylor, co-founder of MicroStrategy and an iconic figure in the crypto industry, recently shared his opinion on the future trajectory of <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price (BTC)</a>. He gives his perspective in the context of the flagship cryptocurrency’s recent surge.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>As a reminder, bitcoin (BTC) broke through the $50,000 resistance and reached a valuation of $52,200. This happened after an increase of 1.57% over its value 24 hours ago for a weekly rise of 16.66%.</p>
<p><a href="https://u.today/bitcoin-bull-michael-saylor-breaks-silence-on-btc-price" target="_blank" rel="noopener noreferrer nofollow">According to Michael Saylor</a>, this significant upswing is far from sufficient. He asserts that the current bitcoin price remains below $0.06 million. This provides a concrete benchmark for market observers.</p>
<p>Michael Saylor’s comments on bitcoin are based on a thorough analysis rather than speculative conjectures. But what could they mean, in concrete terms, for the crypto community?</p>
<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <div class="entry-content-asset">
   <div class="social-embed-container">
    <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
     <p lang="en" dir="ltr">Bitcoin Bull Michael Saylor Breaks Silence on BTC Price<br><br> <a href="https://twitter.com/hashtag/BTCUSD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSD</a> <a href="https://twitter.com/hashtag/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSDT</a> <a href="https://twitter.com/hashtag/BTCUSDC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSDC</a> <a href="https://twitter.com/hashtag/BTCTUSD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCTUSD</a><br> <br> <a href="https://t.co/6TqdPKld3m" rel="noopener noreferrer nofollow">https://t.co/6TqdPKld3m</a> <a href="https://t.co/SbB9PHhiqD" rel="noopener noreferrer nofollow">pic.twitter.com/SbB9PHhiqD</a></p>— Bumblebee / Crypto News (@CryptoBumblebe) <a href="https://twitter.com/CryptoBumblebe/status/1758047304093782260?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
    </blockquote>
    <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
   </div>
  </div>
 </div>
 <figcaption class="wp-element-caption"><em>Michael Saylor shares his predictions on bitcoin price</em>
 </figcaption>
</figure>
<h2 id="h-the-implications-for-the-flagship-crypto-s-outlook">The Implications for the Flagship Crypto’s Outlook</h2>
<p>Michael Saylor’s opinion has a twofold implication for Bitcoin’s trajectory. Firstly, it suggests a short-term target of $60,000, which is not far off from the previous peak of $69,000 for the flagship crypto.</p>
<p>On the other hand, it hints at a more ambitious long-term goal. Namely, a Bitcoin (BTC) target price close to $1 million. This is precisely the projection that Cathie Wood, the CEO of Ark Invest, made a few months ago.</p>
<p>Under Michael Saylor’s leadership, MicroStrategy has amassed a significant Bitcoin (BTC) portfolio. A stash whose current value stands at 190,000 BTC, placing MicroStrategy as one of the largest Bitcoin whales.</p>
<p>For many analysts, the outlook for Bitcoin is positive. Even though the recent decision by the Federal Reserve (Fed) to maintain interest rates has caused a reaction in <a href="https://www.cointribune.com/le-marche-crypto-en-2024-les-predictions-audacieuses-de-vaneck/" target="_blank" rel="noopener noreferrer nofollow">the crypto market</a>. The market dipped slightly by 0.3% to around $1.94 trillion.</p>

Bitcoin: Michael Saylor has big visions for the flagship cryptocurrency

Table of Contents

Cointribune EN

Άλλα άρθρα που δημοσιεύτηκαν στις 15 Φεβ 2024

Is Ripple Ripe for Stablecoin Launch? Ex-Official Weighs In

Solana’s BONK Token Joins Revolut, Soars 15%, Amid $1.2M Education Push

TRON Launches Groundbreaking Bitcoin Layer-2 Solution to Boost Interoperability

$290,000,000 Drained From Crypto Gaming Platform PlayDapp by Hackers After Massive Security Breac...

Top Analyst Warns Bitcoin Correction For Next Four Days, Here’s Why

BONK goes mainstream, bags another listing

Join our free newsletter for daily crypto updates!