{"id":565969,"date":"2023-12-19T11:45:02","date_gmt":"2023-12-19T11:45:02","guid":{"rendered":"https:\/\/ktsl888.com\/?p=565969"},"modified":"2024-06-11T08:50:13","modified_gmt":"2024-06-11T08:50:13","slug":"michael-saylor-bitcoin-1-million","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/michael-saylor-bitcoin-1-million\/","title":{"rendered":"MicroStrategy’s Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million"},"content":{"rendered":"

Microstrategy\u2019s Executive Chairman and Co-founder, <\/span>Michael Saylor<\/span><\/a>, is one who always uses every opportunity to heap praises on the <\/span>flagship cryptocurrency Bitcoin<\/span><\/a>. Once again, he didn\u2019t disappoint, as BTC was the center of discussion in his latest media appearance.\u00a0<\/span><\/p>\n

Bitcoin Going To $1 Million<\/h2>\n

In an <\/span>interview<\/span><\/a> with CNBC, Michael Saylor stated that Bitcoin is going to $1 million if it isn\u2019t going to \u201czero.\u201d He noted that the \u201cbig question\u201d in relation to BTC’s potential was whether or not the digital asset was legitimate. According to him, if Bitcoin is a \u201clegitimate institutional asset,\u201d then everybody is \u201cunder-allocated\u201d to it.\u00a0<\/span><\/p>\n

Related Reading: Crypto Founder Predicts XRP Price Will Hit $22, Here\u2019s When<\/a><\/div>\n

His comment about <\/span>Bitcoin possibly hitting $1 million<\/span><\/a> seems to stem from his belief that Bitcoin as an asset is still untapped, as he expects many institutional players to get in on the crypto token. He noted how 99.9% of the world\u2019s capital is currently <\/span>tied to other global assets<\/span><\/a> like bonds, real estate, stocks, and precious metals. However, expects that to change soon enough.<\/span><\/p>\n

That change, he believes, will stem from education about digital assets. From that, Saylor says more and more people will realize that they ought to be allocating more and more of their capital to digital assets. Interestingly, he labeled BTC as a \u201cdigital transformation of capital,\u201d alluding to its disruptive nature.\u00a0<\/span><\/p>\n

These institutional players could well be allocating more of their capital to BTC as early as 2024. The new rule by the <\/span>Financial Accounting Standards Board <\/span><\/a>(FASB) recently opened the door for firms to include cryptocurrencies like Bitcoin on their balance sheet. As such, we could see other tech firms adopt <\/span>Microstrategy\u2019s \u201cBitcoin Strategy<\/span><\/a>.\u201d<\/span><\/p>\n

\"Bitcoin<\/p>\n

BTC price reclaims $43,000 | Source: BTCUSD on Tradingview.com<\/a><\/pre>\n
BTC Is Going Foward In 2024<\/h2>\n
Saylor also discussed several macro factors that he considers bullish for Bitcoin going into the new year. These factors include the potential <\/span>approval of a Spot Bitcoin ETF<\/span><\/a>, the loosening of monetary policies, and wider BTC adoption in <\/span>countries suffering from inflation<\/span><\/a>.\u00a0<\/span><\/p>\n
Related Reading: Changelly Releases Updated Predictions For XRP Price, When Will It Cross $10?<\/a><\/div>\n
He also alluded to the BTC Halving event, which he believes is also bullish for the Bitcoin ecosystem. <\/span>All these factors<\/span><\/a> form a \u201cconfluence of very bullish milestones,\u201d which Saylor projects are going to happen over the next six months.\u00a0\u00a0<\/span><\/p>\n
Saylor will undoubtedly be fulfilled when his company\u2019s Bitcoin strategy has panned out as Microstarategy is currently in profit with its <\/span>Bitcoin acquisitions<\/span><\/a>. The company\u2019s stocks are also flying high as it recently hit a 2-year high, thanks in part to its BTC exposure.<\/span><\/p>\n
At the time of writing, BTC is currently trading at around $43,000, up over 4% in the last 24 hours according to <\/span>data<\/span><\/a> from CoinMarketCap.\u00a0<\/span><\/p>\n
Featured image from Yahoo Finance, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Microstrategy\u2019s Executive Chairman and Co-founder, Michael Saylor, is one who always uses every opportunity to heap praises on the flagship cryptocurrency Bitcoin. Once again, he didn\u2019t disappoint, as BTC was the center of discussion in his latest media appearance.\u00a0 Bitcoin Going To $1 Million In an interview with CNBC, Michael Saylor stated that Bitcoin is going to $1 million if it isn\u2019t going to \u201czero.\u201d He noted that the \u201cbig question\u201d in relation to BTC’s potential was whether or not the digital asset was legitimate. According to him, if Bitcoin is a \u201clegitimate institutional asset,\u201d then everybody is \u201cunder-allocated\u201d to it.\u00a0 Related Reading: Crypto Founder Predicts XRP Price Will Hit $22, Here\u2019s When His comment about Bitcoin possibly hitting $1 million seems to stem from his belief that Bitcoin as an asset is still untapped, as he expects many institutional players to get in on the crypto token. He noted how 99.9% of the world\u2019s capital is currently tied to other global assets like bonds, real estate, stocks, and precious metals. However, expects that to change soon enough. That change, he believes, will stem from education about digital assets. From that, Saylor says more and more people will realize that they ought to be allocating more and more of their capital to digital assets. Interestingly, he labeled BTC as a \u201cdigital transformation of capital,\u201d alluding to its disruptive nature.\u00a0 These institutional players could well be allocating more of their capital to BTC as early as 2024. The new rule by the Financial Accounting Standards Board (FASB) recently opened the door for firms to include cryptocurrencies like Bitcoin on their balance sheet. As such, we could see other tech firms adopt Microstrategy\u2019s \u201cBitcoin Strategy.\u201d BTC price reclaims $43,000 | Source: BTCUSD on Tradingview.com BTC Is Going Foward In 2024 Saylor also discussed several macro factors that he considers bullish for Bitcoin going into the new year. These factors include the potential approval of a Spot Bitcoin ETF, the loosening of monetary policies, and wider BTC adoption in countries suffering from inflation.\u00a0 Related Reading: Changelly Releases Updated Predictions For XRP Price, When Will It Cross $10? He also alluded to the BTC Halving event, which he believes is also bullish for the Bitcoin ecosystem. All these factors form a \u201cconfluence of very bullish milestones,\u201d which Saylor projects are going to happen over the next six months.\u00a0\u00a0 Saylor will undoubtedly be fulfilled when his company\u2019s Bitcoin strategy has panned out as Microstarategy is currently in profit with its Bitcoin acquisitions. The company\u2019s stocks are also flying high as it recently hit a 2-year high, thanks in part to its BTC exposure. At the time of writing, BTC is currently trading at around $43,000, up over 4% in the last 24 hours according to data from CoinMarketCap.\u00a0 Featured image from Yahoo Finance, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":565973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,90910,656,1119,89185,1144,78790,83344,81299],"class_list":["post-565969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-1-million","tag-bitcoin-news","tag-btc","tag-btc-news","tag-btcusd","tag-btcusdt","tag-michael-saylor","tag-microstrategy"],"acf":[],"yoast_head":"\nMicroStrategy's Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million<\/title>\n<meta name=\"description\" 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MicroStrategy’s Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million","url":"http:\/\/ktsl888.com\/news\/michael-saylor-bitcoin-1-million\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/michael-saylor-bitcoin-1-million\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-1-million.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-1-million.jpeg?fit=852%2C463"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin $1 million","bitcoin news","btc","btc news","btcusd","btcusdt","michael saylor","microstrategy"],"dateCreated":"2023-12-19T11:45:02Z","datePublished":"2023-12-19T11:45:02Z","dateModified":"2024-06-11T08:50:13Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MicroStrategy’s Michael Saylor Calls Bitcoin An Institutional-Grade Asset Destined For $1 Million\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/michael-saylor-bitcoin-1-million\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/michael-saylor-bitcoin-1-million\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Bitcoin-1-million.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2023\\\/12\\\/Bitcoin-1-million.jpeg?fit=852%2C463\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin $1 million\",\"bitcoin news\",\"btc\",\"btc news\",\"btcusd\",\"btcusdt\",\"michael saylor\",\"microstrategy\"],\"dateCreated\":\"2023-12-19T11:45:02Z\",\"datePublished\":\"2023-12-19T11:45:02Z\",\"dateModified\":\"2024-06-11T08:50:13Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/12\/Bitcoin-1-million.jpeg?fit=852%2C463","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/565969"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=565969"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/565969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/565973"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=565969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=565969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=565969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}