The price of Bitcoin (BTC) will reach $10 million, says Michael Saylor

Michael Saylor, the executive chairman and co-founder of MicroStrategy, has predicted that Bitcoin will reach $10 million per coin.

Saylor made this prediction during a podcast with Robin Seyr, further stating that China will become a big supporter of cryptocurrency.

Chinese Adoption and Economics

Saylor, known to be one of the most vocal supporters of BTC, stated in the interview, “The cost of Bitcoin will go up to ten million dollars per coin.”

Saylor’s argument is based on the concept of “perfect money”. He claimed that Bitcoin, with its decentralized nature and finite supply, represents a form of “perfect money” that could revolutionize the global financial system. He contrasted Bitcoin with traditional forms of money, which he considered “imperfect,” arguing that the cryptocurrency represents some form of economic immortality.

#Bitcoin it is economic immortality.pic.twitter.com/ZtLzUK4kO6

— Michael Saylor⚡️ (@saylor) June 23, 2024

Saylor illustrated this by asking, “What is the difference between perfect money and imperfect money? Perfect money is economic immortality. Imperfect money is: We all have short, brutal lives.”

According to Saylor, the introduction of Bitcoin has rendered all previous economic systems obsolete. He criticized mainstream economics as “pre-Satoshi pseudoscience,” referring to the mysterious creator of Bitcoin, Satoshi Nakamoto. According to Saylor, economists of the past were similar to primitives who used “sea shells and glass beads” compared to the sophisticated financial instrument that Bitcoin represents.

“Economics is an almost religious liberal art full of people’s opinions and prejudices and prejudices. … Every economist before Satoshi was trying to work out the laws of economics out of seashells and glass beads and scraps of paper and instruments of credit,” Saylor asserted.

Another notable aspect of Saylor’s interview was his prediction about China’s stance on Bitcoin. Despite the Chinese government’s current strict regulations on cryptocurrency, Saylor confidently stated that both the local population and its authorities will adopt Bitcoin and predicted that at some point in the future, the value of a single BTC will reach 10 million dollars

Corporate immortality

Saylor also presented a vision of Bitcoin as a means to achieve “corporate immortality.” He claimed that companies that invest in cryptocurrency could significantly extend their lifespan, outperforming those that follow traditional financial practices.

“The average life expectancy of a corporation is about 10 years,” Saylor noted. “We’re talking about eliminating corporate mortality, we’re talking about stretching economic vitality easily by a factor of 10, maybe by a factor of a hundred, maybe by a factor of a million.”

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