Bitcoin Forum

This is according to cryptonews media bitcoinlfg.com' Twitter account. However, I do not see this shared or reported on any of the other cryptonews media websites. Is this fake news or does Michael Saylor need to promise that he will eat his dick on national television to get this prediction more attention hehehhee.

https://i.ibb.co/KbLJZz6/76-EA51-C5-97-BD-4-E3-F-A9-AD-BF0-EDE8-EA788.jpg

BREAKING
Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.

Source https://twitter.com/bitcoinlfgo/status/1700981076389413281

Bitcoin can reach any price, depending on what someone says. But the problem is, we won't know when that will be achieved. And like other speculators, Michael Saylor isn't saying when that will happen because he doesn't know for sure either.

And after the halving, more and more people will say their predictions about the high price of Bitcoin. They want to prove that their predictions are correct to use the situation to gain more followers.

For this end of the year, we may already hear predictions of what the price of Bitcoin will be for the end of the year and we just have to look and wait at it. Bitcoin may end up at $ 30k- $ 40k for the end of the year or it could be higher than that price or even lower. And with the decline this time, it has already panicked people.

The future is unpredictable and anyone can make predictions about bitcoin. Why are we constantly concerned with other people's predictions when we can do it ourselves? We're investing with the little money we make, so I think the more realistic we are, the safer things will be. Instead of waiting and hoping that bitcoin will hit $1 million, $5 million or $100 million. I expect bitcoin to surpass $100k or $150k in the next bull cycle, and making higher predictions requires a specific assessment of the market situation. I don't see any point in making such delusional predictions.

Crazy bold move of him to predict when we are in a bear market and his average is not even at break even. His predictions reminds me of MCAfee prediction by bitcoin going to a $1M or so.

Can it go to $5M. Sure it’s possible however it won’t be anytime soon. We got a nasty recession ahead of us and nobody will be buying digital assets or stocks with inflation so high.

It is unlikely that Michael Saylor said that he expected the value of Bitcoin to reach $5 million. This is a very exaggerated number and far from reality. It may happen, but not for decades.

But in any case, if the news is true, perhaps Michael Saylor is deliberately saying this to give some optimism and boost the price of Bitcoin at this downward time. These fiery statements give optimism to investors in the long term, especially if they are from influential figures in the world of Bitcoin.

Well, it's not the first prediction he's made in that style, it's in his line. As the tweet contains no text, I searched and only saw a news item from a year and a half ago with the same headline.

Bitcoin Could Surge $5 Million, ‘Screaming Signal’ To Buy, Says MicroStrategy CEO (https://www.blockchain-council.org/blockchain/bitcoin-could-surge-5-million-screaming-signal-to-buy-says-microstrategy-ceo/#:~:text=Says%20MicroStrategy%20CEO-,Bitcoin%20Could%20Surge%20%245%20million%2C%20'Screaming%20Signal',To%20Buy%2C%20Says%20MicroStrategy%20CEO&text=According%20to%20the%20latest%20announcement,as%20a%20%E2%80%9Cscreaming%20buy.%E2%80%9D)

He is too bullish for my taste. He says that bitcoin is going to acquire practically all the market cap of other financial assets, first gold, then bonds, and even the real state investment market. I don't know, he went from not believing in bitcoin to believing that bitcoin is like God's creation. I don't think so much or so little.

If you frequently scream ludicrous things to the public to hopefully get your investment a lot of attention, at some point, people will get tired of your craziness and you'd get a lot less attention as time goes. This is a perfect example of this lol. He might as well say that Bitcoin cures cancer of something that deranged.

As long as excessive optimism continues, this means that we are still in a bear market. Once the positive news disappears and the negative news and panic rise, it will be the beginning of a long road to $32k, to $38k, to $41k, to $56k, and so on.

At the present time, Bitcoin is struggling to maintain the level of $25k, which if it is broken, I do not think that we will see the beginning of the upward path during this year, let alone reaching $5 million for Bitcoin, which requires the price to be about $90 trillion (larger than stocks, gold, and  US public debt)

The big question there is: when will Bitcoin be $5Millions each? We know it can happen, but when? We know that Michael Saylor is a billionaire and an influential businessman, but he didn't say that this is what will happen. It's too good to be true, but if in 2021 the ATH reached by Bitcoin is around 69k each within 11 years, how about 5M each? How many more decades will we have to wait for that to happen? Can we catch up with what Michael Saylor is saying?

This could freak out those who are shallow-minded but not the wise and the informed. There is no metric or historical happening that could predict the price of Bitcoin as far as $5,000,000. This is mere propaganda unless he's a spirit being that I don't know of.

Frankly, Bitcoin like any other asset could reach any price, but calling that huge 6 figures is hilarious. At times, these people are doing this to gain more attention and relevance in a particular industry, and thanks to people who often buy such unforeseen events that just come to the head of the issuers.

This prediction is worthless, but for Bitcoin, it will always be progressive in the long run.

I just saw a big whale who feels threatened (again and always) with his portfolio. Is there any bad news ahead?
But seriously, that's just speculation which is really far from hope, not sure who among us will get the opportunity to sell the bitcoins own today at that price.

Am not sure what to say , if will support nor deny that prediction
but what I believe is that bitcoin is unstoppable and will increase more and more time.
but surely not that high in the sooner time , we cannot even predict 1m for the net halving, what more that x5 .
exactly , just speculation and not assuring anything .

Yes anything and everything can happen with Bitcoins. Few years back no one expected Bitcoins to cross 1000$. But yes we are now enjoying Bitcoins at 69k usd ATH price. So yes I won’t mind with the prediction. Bitcoins have the capacity to become one of the expensive digital assets. It won’t take long time to be honest. As day by day we are seeing the demand to acquire Bitcoins among the masses is increasing. So soon we might see Bitcoins touching millions.

I believe the value of Bitcoin will rise very high. Over time, many governments and institutions will diversify their investments by purchasing Bitcoin. I predict that these will happen and we all follow the development of Bitcoin from past to present. We feel that what we say is not a dream.

What I really want to say is that we need to be careful when investing in this journey of Bitcoin. That is, after you invest, the price may decrease and continue like this for a while. We need to get used to this and this situation should not affect us negatively spiritually. We have all witnessed how the price of Bitcoin has risen. When the time comes, the price will rise again. We must learn to be patient. If investing wears you out, you should give up if necessary.

It would not be a surprise to see Bitcoin reach millions. If we know how to wait as long as necessary, we can see a lot of things in the Bitcoin market.

Although true, it would still be laughable to compare the Chad Saylor with John McAfee, no? Chad Saylor made one of the largest investments in Bitcoin, and therefore people can't touch him no matter how hard those people laugh at him. John McAfee is a mere snake-oil salesman who used his popularity to shill shitcoins.

It they said this is coming from Michael Saylor I won't be surprised because he's a public figure who had always been saying alot about bitcoin on the social media, this is not his first time neither will it be the last, he's such a believer of bitcoin and an investor who believed bitcoin can achieve any maximum height in value, truly this is possible but when will it happen is what remains unknown to us, if bitcoin can start from as low as less than one dollar to where it is now, there's nothing not possible for it to get to that rate considering massive adoption on a daily basis.

The real question is: by the time a Bitcoin is worth 5 million bucks, how much will groceries be? There's no point in measuring Bitcoin's value far in the future in inflationary money.

If you would have told someone 50 years ago his house would be worth a million bucks, he would not have believed you. By the same logic, you can tell him his house will some day be worth 50 million bucks.

Long story short: measure in purchasing power, not in dollars.

I agree, the two can't be compared for anything, whether it's about things related to Bitcoin or the way they treat life in general. After watching the documentary about John McAfee (https://www.netflix.com/ch-en/title/81327515), I got a much broader picture of him, so even though I'm not a psychologist to draw conclusions about someone's mental health, I would dare to say that a lot of things were not right in his head.

On the other hand, Saylor is a successful businessman with no scandals (as far as I know), and the only bad label that can be attached to him is his tweet about how he thinks Bitcoin will fail, as well as online gambling, but that was before some 10 years.

As for the speculation about $5 million, that's news from 2021 and I don't know why someone decided to bring it back into the public's focus - but even though I don't think it's impossible, I would still put that price in the context of the time it would take to make something like that happen.

If I'm not mistaken, we are talking about a market cap in the amount of even $100 trillion, and for the sake of comparison, that would be as much as 10 companies the size of BlackRock. This is simply too much money to be realized in the near future and could only be realized if central banks start buying Bitcoin the same way they buy gold today.

A pope who speaks freely says whatever he likes, ;D he credits the tens of thousands of bitcoins he invested with to convince him.

However, I'm not sure that with $5M this will happen in tens of decades or maybe a century (approximately) what other people say is true at any time, we never know for sure as long as Bitcoin continues to record its highest record then it will continue every cycle.

Btc price $5M inflation is getting bad, other prices are getting expensive I guess that's what I'm thinking.

This really shouldn’t even be a headline. It isn’t a shocker that a guy with tons of BTC who owns a company that is heavily invested in BTC thinks the price will go up an astronomical amount. Imagine how much money he would be worth if that did happen. To me it is a little far fetched to think that could happen, but I guess anything is possible when the government can print dollars.

Remind me how much bitcoin is already on the balance sheet of the Microstrategy? Remind me who is the executive chairman and co-founder of this company? And then everything falls into place. If Michael Saylor had 0BTC at his disposal, he would probably not predict the bitcoin's future at a price of $5 million. There is a direct self-interest at play here, and before you listen and believe such public words from people in the cryptoindustry, you should ask yourself why they say it.

Should be critical of public statements.

Well of course. While McAfee also gave bitcoin and crypto a lot of attention back then despite it being mostly negative attention(still a net win though, I think), Saylor still wins no doubt despite him being crazy af sometimes. He should just stop being some sort of Bitcoin philosopher and he'd be okay in my book lol.

To be honest anyone can predict a very high price in the market price of Bitcoin and it's really possibly going to be true if we are just going to base it on the past market price and the Bitcoin Timeline The market price every year is obviously on an up trend. This means it is possible for sure that Bitcoin is going to reach a 5 million dollar price in the future but we just aren't sure when it is going to happen as well and there are a lot of factors that are affecting the market price of Bitcoin so sure so we can't really be accurate about it but the market price is still just base on supply and demand so the market price could easily drop or increase at any time.

But for sure getting a very high market price like 5 million dollars is going to have a big effect, I dont really know what the effect in our country, or possibly having this kind of price is actually great for Bitcoin. This is for sure all kinds of hype since demand is going to increase when this kind of news or articles are on the internet already. For sure there are going to be more of these articles as we need the Bitcoin halving.

MicroStrategy is loosing money and not generating that much money according to their financial reports and hence Michael Saylor is hyping up the investors about the value they are holding in the foreseen future and thereby he might be thinking about manipulating their stock price as well just like Elon Musk used to do with his random rants in social media  :D.

On one hand claiming 5 million when we aren't even at 50k is ridiculous, on the other hand, claiming that "breaking" this or that price to the upside or downside will automatically mean something else, like a long road up or down, is just as ridiculous.

Bitcoin going below 25k means nothing, just like when it went above 32k people were saying that there was a golden cross and now it means that it will go higher, or when they were saying that since we went from 16k to 25k it means we will keep going up, or like when bitcoin broke above 60k in 2021 and they were screaming 100k. All of these predictions are worthless.

The truth is that nobody knows where the price will be in a month and it could as well go to 23k and back to 30k in 1 week.
I know for a fact that after the halving it's going to be higher than it is today. It may not be 100k, but it will for sure be above 30k, so this is a great opportunity for people who want to get some.

So this would be an another McAfee dude who did make out that guess of million per btc price? We do already have those predictions wayback and even having those bets in between those dudes on reaching out a million on a few months time but ended up on failing or having that wrong prediction which its not really that shocking. Seeing these numbers are way too unrealistic on a short possible of time knowing that recognition and adoption isnt its on full scale yet. About into those predictions above about $5M/coin then come to think that people been hesitating or being that having the doubts on 1M then how much more on 5?
This is why on the time that these kind of bullish sentiments turns out to be that shilling.  :(

This is why as an investor then you should really be that wise on setting up your goals and dont easily get distracted or being influenced with these kinds of sentiments made out by these people. We are all speculators
on here on which every price prediction cant really be precise which made by them.Its not bad to have those bullish feelings but it would be always wise that you should really be realistic
on whatever movement or decisions you would really be making in regarding into your position.

I don't know exactly when Saylor said that, but $5 million is not a value that can be easily realized. I'm not even going to ask when $5 million will be reached, that's a price speculation that would still be hard to imagine right now even if Saylor said it.

Some groups may exploit old issues and make them viral considering the bitcoin halving will be getting closer. They can hope for positive things to happen in the market because Saylor is the whale, but on the other hand, people can also spread FUD who hope that the market will continue to correct. The current puzzle is not about the future as in 10 or 20 years, but we are currently observing whether a price recovery can be expected before the halving.

And who's to say that wont happen?

Obviously he isnt talking about a $5,000,000 target today or tomorrow, its a long term
target, so long that none of us here could possibly witness it.

I believe that Bitcoin will become extremely sought after by more and more of the people
and institutions who have in the past and still are reluctant to embrace it. As more time passes
and it becomes clearer that Bitcoin is not going to fail it will become more sought after.

Could he maybe mistakenly said 5 million instead of 500k? Because 500k makes sense due to gold marketcap and all that, bitcoin could reach that level, but to say that bitcoin will be 10x of what gold market cap is? That is wild even for Michael Saylar levels to be fair. I think it should be a bit different and it should change a lot. I am not saying that it will get there or anything, it may not and we may not even see 500k but at the end of the day that's a bit more realistic at least. If its going to "go crazy high" then that's 500k already, anything aside from that doesn't make sense to be fair. I hope that he is right and we see that but I highly doubt that for sure.

The possibility for Bitcoin to reach any amount is no longer news and we don't have to get any confirmation from any billionaire whatsoever to affirm that fact and as a matter of reality, Bitcoin's current price is far from the 5 million that Michael speculated but in the nearest future that price benchmarks will definitely be achieved.


But when that price will come is what no one can predict right now,  but until then,  we are all free to speculate the price of Bitcoin for as far as we remain within the context of the discussions.

Yes - of course there is some vested interest in that statement, but anything about such a high price I think is completely unrealistic at the moment. Bitcoin's high price is of course to be expected - but $5M is an unimaginable value for me. Even if $5M is achieved - then I am really sure that now all world governments will agree to adopt it and utilize bitcoin in their various financial businesses.

Saylor can talk about the future - but I'm sure he never knows at all whether he has stated anything correctly. I can say my $10k motorbike today will be worth tens of thousands in the future - but imagine what percentage inflation will be when that time comes.

Newbies think that if a rich guy put a lot of money in Bitcoin, it means his predictions will be true, because obviously rich people are very smart.

Experienced people know that if someone invests so much money into a single asset, they will be very desperate to pump it. Saylor has little room for maneuver, he needs to constantly praise Bitcoin if he wants to not go bust.

Lol, this reminds me of someone who used to be popular but due to his involvement in the hyping pump and dump altcoin projects, he became from famous to infamous among the cryptocommunity.  I hope he rest in peace.

Anyway, I think Michael Saylor is trying to hype the Bitcoin community since it was been bearish for days now.  Although he has influence, I do not know if this kind of hype will affect the Bitcoin market sentiment.

No one can predict the future let alone the Bitcoin market which is so highly volatile.  Even though its market is in an uptrend when zoomed out, the future of Bitcoin is still uncertain no matter how limited its supply is.

There are more such people who always disrupt the crypto market, but whether it will have an effect or not depends on their popularity.

Usually, they have the status of an influencer or the richest person on earth.
If we see Elon Musk as a person who is involved in pump-and-dump crypto, it could be a correct assumption because he has a lot of followers and is the richest person on earth. But Elon does it because he loves crypto, not to make a profit out of it.

Market sentiment is not always based on FUD or News spread by someone popular, it also depends on how the market trends according to technical analysis.
Everything will be well synchronized.

If Michael Saylor said Bitcoin could reach $5m I would support him and say, Yes it will happen in the future.
That will push the trend up, rather than spreading Bitcoin FUD to reach ZERO.

The market is very volatile, predictions will not be 100% accurate.
The future of Bitcoin will certainly be a more successful currency than it is today.
Just need to be patient and wait and buy gradually when the price is cheaper.

I didn't say it won't happen, but only that it won't happen in the near future, although you should read the article (https://bitcointalk.org/index.php?topic=5466479.msg62831747#msg62831747) that actually explains why Saylor thinks the way he does.

Of course, it should be taken into account that he is deeply involved in Bitcoin and that his words should be seen in that context, as many others have already commented on this topic. Therefore, I don't think that he is really talking about some distant future, but about something that will happen during his lifetime. However, the fact is that from 2009 to today Bitcoin has been accepted by less than 5% of the total population, the question is how long it will take to reach 10% or maybe 15%?

Likely do not happen , from what i can see maybe a million max or somewhere close to it , i mean what would happen if bitcoin hitting 5mill? FIAT gonna be collapsed, Standard payment process would be crashed as well.
 
And you gonna be hearing government, politicians barking about it on daily basis .

Honestly, this Michael Saylor is funny. You don't know if he just has nothing to do in life or is just bored, so he said that or nothing; he just said it so he could talk or just have something to say, but none of that makes sense.

I didn't find any links or articles where he gave a reason or basis for why he said that 5 million dollars will be the value of Bitcoin. He also did not specify if it would happen during the upcoming bull run, after one decade, or after more decades. We all want Bitcoin's value to increase, but of course there is a deep reason why it is going to spike the value in the future. It can't be just because we thought that there was no basis.

It's more than obvious that you didn't even try to get to any article, since I posted another link just fews post above to the article that is originally posted by @Don Pedro Dinero here -> https://bitcointalk.org/index.php?topic=5466479.msg62831747#msg62831747

What you are doing is called shitposting and signature spam >:(

He might already sold all his bag once the price is near the 100K mark.  :D

I’m following Saylor Twitter because of his good insight about crypto but his post related ro price prediction is kinda a major turn off since everyone knew that he holds huge bag like what you said and his tweets sounds like someone promoting the coin so that he can dump all his coins.

Whether it is fake news or legit doesn't make any difference because it is a random statement by a "random" person not a prediction or even a half decent speculation. Everyone knows that bitcoin price will go on and will surpass a million eventually specially as fiat keeps dumping but the real question that nobody can answer is when.

Well, that how these big players or fellas do often do on which on the time that they had already filled up their bags then this is the time that they would really be starting on throwing out those positive sentiments or to those unrealistic numbers and trying out to hype things up and trying to lure in people or investors to buy and i do completely agree with this post of yours that he might already selling his bag on the time that it would hit $100k.
This is why its never been that something that ideal or appealing whenever these people do make out those kind of positive approach specially on numbers which arent really that realistic at all.
Speaking about on realistic approach that we did even have that a hard time on breaking that $30k , how much more on breaking those millions of  dollars? Im not really that skeptical when it comes on Bitcoin potential
but it wont really be that a bad thing that we should really be sticking into those realistic numbers so that you wont really be making yourself that delusional.

And the funny thing of all of this is that if you are an investor there is no point at all on worrying about when such a price could be reached, what matters is your ability to hold your coins under difficult circumstances and nothing more, as in that way even if bitcoin were to reach such a price on a decade you will still be able to take advantage of such a movement, the only ones that need to care about when such a price can be reached are those that trade the markets as they may not be able to take an early position to take advantage of that movement due to the inherent nature of trading.

I'm not sure what Micheal Saylor is like in terms of personality. However, as an entrepreneur and the CEO of Microstrategy, his prediction will garner a lot of attention, and many people may want to invest in bitcoin as a result of his comment. People always perceive of entrepreneurs as future thinkers, thus his prediction will not be an exception to that notion.

What many individuals do not realise is that celebrities and influential people frequently advocate something in order to get recognition and money. It makes no difference who promotes a course or project, always conduct thorough investigation and seize the bull by the horns if it has been demonstrated to be profitable through research. Regarding his prospects for bitcoin, getting to that level is not yet ascertained, perhaps when a new ATH is established following the bull run, it can be anticipated to reach that amount later in the future.

I feel like it may happen but won't happen anytime soon. I do not know if my time will be enough to see this happening, I think it is going to be something that matters on the long term and the result could be very different. I hope that it gets to a point where it needs to be something that will prefer that in the end. I know that it will not get to a point where it gets to be specifically better or worse, but that is just how it is for the long term.

I believe that in the next 30 years or so, we will not see it reach that level and we should be considering it as a possibility. I hope that we could end up with a good or even great result, which should be doing fine in the end and could result better.

In the future and possibility, everything had a chance to happen but we do not know if it will become a reality.  I am also looking forward for Bitcoin to reach such price, the $5M per Bitcoin but it looks like it is just a wishful thinking right now.  Bitcoin price doesn't even reached $100k so this kind of price prediction can be called insanity for now.


I do not think it will happen in the next 30 years.  Looking at the percentage decline of the gain of Bitcoin in each recorded 4-year cycle all time high price,  I think it needs more than 30 years to reach even $2.5m.

Even reaching $1M is already that something delusional or something that have that extreme wishful thinking on which if we do base up on its current movement or in every cycle then it is really hard to believe that it would really be able to reach out even on 30 year period but its true that there's no one on this world would be able to know on what would gonna happen on which it is why that we cant really be having that conclusive approach when it comes to price yet we know that its never been that impossible knowing that crypto market is still a decade old and there still tons of potential for its value to rise into those peaks. For those who had invested then better not to make yourself that too optimistic.

Be careful on what these people been proclaiming or shilling out because these known people are really that been obviously trying out to raise the market price as to assume
that they had already bought at the bottom and just trying to make things up.

realistically speaking, such price is still very very far from happening. it may happen in the future but you will go crazy if you will try to overthink on this. so better look for the next 2-5 years and plan what to do with your portfolio.
the prediction may be positive, but look at how you will do in the next couple of months and see how you can improve your portfolio.

That's the joy of the crypto market, as no one can predict it so, so many people can say what ever they want because it's very volatile and unpredictable so Micheal saylor predicting that bitcoin will hit 5million is actually normal. Well for my own opinion I don't actually feel his speculation will come true although am also speculating the price but it would be beneficial if bitcoin can actually hit this price .

While the future is unpredictable and Bitcoin is volatile, to sum it up from people like him who invests constantly in Bitcoin together with his company.

It is no doubt that he's looking like a salesman trying to say to people that they should buy. But they cannot question that when he's putting money where his mouth is.

A million, $5M or even more is possible on a highly volatile asset like Bitcoin.

Since there is no set date for when bitcoin will hit $5 million, I believe I can agree with Michael's prediction that it will happen eventually. Time and patience are what it will need, nothing more.

Even though I think $5 million is attainable in years to come, it will seem strange for anyone to expect a price of $500k or more right now and not to consider a price above $1 million. Looking at the price of bitcoin right now, just a million-dollar price is far too far away for bitcoin to ever achieve such a price.

It's just a question of when we are going to hit that magical price.

And because as bitcoin become scarce in the future and there is a huge demand for it, obviously, we will see $100k next (maybe this bull run cycle), and then $1 million and higher to the point of getting into the $5 million range. So just a couple of block halving and we will be there for sure.

Exactly.
He should make up his mind. He's on the internet every other day making predictions for Bitcoin price. I like the man and genuinely have nothing against him however I think he should tone down on alm these predictions. It is very clear for the world to see that Bitcoin is going up, you know it, I know it, even those who want Bitcoin dead know it. Maybe he's making all these predictions to keep the minds of his shareholders are rest.

When talking about the future, never be sure of anything because we have no proof of what we are sure of. I like optimism but I don't like extreme delusion. How will bitcoin reach 1 million USD, 5 million USD when we still cannot break the target of 100k$? So I will wait for bitcoin to hit $100k in the next bull season and will wait for other price levels before thinking about $1 million.

Bitcoin is a potential asset but that doesn't mean it will increase in price indefinitely. Everything has a limit and we can easily see that bitcoin's profits are gradually getting smaller after each halving, so the expectation of a target of 5 million USD is too unrealistic.

He is just trying to get heard. I mean when you look at what he does as a job, you will see why being famous or at least being heard matters. That is what I believe is the most important aspect of it and should be important to make it happen.

We are going to end up being a bit more careful when it comes down to having some sort of logical argument from him, but at the same time I do not think that we should care about him at all, let him say whatever he wants and it will be unimportant. Obviously some people care about it a lot more than the others, but I belong the group that cares less. That way I can do a lot more with my time than I could do otherwise and should be doing something that would matter.

But sers, the prediction wasn't made by another "random person". It was made by a person who HODLs one of the largest investments of Bitcoin in his company's vaults. Chad Saylor's statement has to have more significance than just being merely another "random statement". The projected price might be exaggerated, but he's probably not wrong that we're not "to the moon" yet.

Michael Saylor predicted the price of bitcoin would reach $5 million dollars about 2 years ago when I tried to find a news link in the search browser I was using.
Micahel Saylor's prediction regarding the price of bitcoin which will reach $5 million dollars has emerged again, amidst world currency conditions which are having problems in terms of the economy, which has its own reasons when bitcoin is trying to fight for the price level of $26k and $27k.

Michael Saylor said that bitcoin is a Screaming Signal to investors that is worth buying. For me bitcoin is the best insurance against inflation.
https://www.blockchain-council.org/blockchain/bitcoin-could-surge-5-million-screaming-signal-to-buy-says-microstrategy-ceo/

No surprise that anyone can make any prediction about Bitcoin. In Michael Saylor's prediction he may not specify a time frame so he has no idea when Bitcoin might reach that point. Analyzing Bitcoin from its previous position to its present state, it has grown significantly. If Michael Saylor were to make a prediction from now to the next 12 years, it wouldn't seem unreasonable for Bitcoin to hit 5 million. Although there is no fixed supply of gold, considering that the price of gold has increased significantly, it certainly deserves to be 1 million to 5 million due to the limited supply of Bitcoin. But for now, in 1-2 years, I am ready to see bitcoin price at max $100k price.

Plus many people never truly got the context of why he made such a "laughable" prediction. Michael Saylor believed that Bitcoin has the potential to surge to a total market value of $200 trillion to $300 trillion, which if in the right set of environment, it's definitely possible.

He also believed that Bitcoin will continue to outperform FAANG stocks, Facebook, Amazon, Apple, Netflix, and Google. That has always been true in each bull cycle because of higher volatility. The next cycle will not be different.

$5m I see as something ironic, it would in the majority represent failure.   Hopefully  not of BTC itself but somehow a price rising that far within our life times at least, thats too rapid and somewhere something big went wrong.   Presumably there contains a scenario in dollar or euros or Yen or their system of sovereign debt (China?) had failed at that point, this isn't fantastical it can happen but we should not hope for it.

Although it's exaggeration, a "very high" market value for Bitcoin doesn't need to have an economic/financial collapse for that to actually become true. Can't it merely start having actual demand as a Store of Value, for censorship-resistance, or probably for international trade? It has to be if it has existed for more than ten years, and if it's to exist for another ten or more.

I'm not so sure about it hitting $5 million but people back then also not sure bitcoin could ever reach $100k, even back then reaching $500 is already a feat on itself, so I guess anything could be happening, even though many seemed to be pessimistic but I guess thats because we can see if bitcoin reaching that high then market capitalization would be massive.
not to mention the implication in regards of gas fee, take example is ethereum, it quite literally become unusable high gas fee because the value is too much meaning it wasn't planned to even reach current valuation.
so i guess if michael saylor prediction turns out to be true, then it will have same implication just like ethereum, not that im gonna be disappointed, because a massive increase is a good thing for my investment.

It's actually nice to hear 5 dollars each of bitcoin. If you have a lot of bitcoin, or at least even 0.1 btc, that's a big amount to 5 million dollars.But literally speaking, for 14 years of Bitcoin, it is at the current price of 27k more than the market. It's up to you to calculate how many more decades it will take to reach $5 million in bitcoin.

What is Michael Saylor basing that on? I don't think I saw anything. Maybe we are just there in reality, and that will actually happen while we are still alive. It is hard to live in our imaginations only. It's even better that we live in a time when things happen that we want to happen, especially in holdings that we believe will provide good profit savings in the future.

I'm not sure about his prediction but surely Bitcoin can go to $5 million or even more than that, but still we don't know when because in upcoming 10 years it's not possible for Bitcoin to go anywhere close to $5 years and if it does then most of the holders will be millionaires and some maybe billionaires.

Bitcoin is the best asset in the whole world and it can grow to the unimaginable heights in future but sadly no one knows that how long it will take Bitcoin to cross $1 million price tag. Let's still be optimist about its price and hope for a better future for all those investors who are holding. Surely Bitcoin will be at $120k within 3 years but not sure when it will reach $5 million.

I don't think anyone now can do what the late McAfee did because the market is highly volatile, when a high personality predicts the price of Bitcoin he just wants to hype Bitcoin and for new people to come in and invest in Bitcoin but for the experts in the market movement it's hard to predict if it reach to that $5 million level and on what year.

But why not hope, when Bitcoin was created no one thought that Bitcoin would hit five digits, but we as a community can only hope that Bitcoin reaches $100k it's more realistic and once it reaches that level then we can talk of $550k.

If Bitcoin hits $5M, Saylor will for sure going to dump and load it all in the sell orders in many exchanges as much as they can. And we're not talking about the actual $5M price because him and his company will surely do that even before that price. Who's not going to be amazed with $500k, $1M and more before $5M? There will be lots of loads that's gonna be ready to be dumped and just make us millionaires first Saylor before your big great sale.

There will always be pessimistic people about the future price of Bitcoin. And that's why all of us are guessing and predicting its price and just as the early adopters, it's like we're back there when everyone thinks that reaching $500-$1000 is unlikely.

I think it's unrealistic that $5M in the next 10 years or so will certainly cause other effects that bitcoin can influence this surge, who would have thought that with someone having 0.01 BTC alone at a price of $5M he would have become a millionaire.  ;D

For more than a decade bitcoin has increased from $0 to a high of $69K of course it is the fastest growing asset compared to other assets, we always believe that bitcoin will continue to grow over time and continue to pass its umpteenth halving, but for $5M for me it is unrealistic, maybe it should spend the entire halving in 2132 during which time we will no longer exist.

I always say that bitcoin started its journey ten years ago from 0 USD and in a decade time it touches 67k$. None in human history has gained so much in this duration. We still don't know what lies ahead of bitcoin price. It may by 5 million or more. The reality is that no price prediction has gone right so far about Bitcoin. The next major event coming up is halving next year and it will tell alot about future bitcoin price.

Bitcoin has been live now fourteen years and not 10 years ago, which means it's more than a decade, also within the journey of this 14 years of consistency, bitcoin has risen from 0 dollar where it started to about $68,000 all time high, now that we are moving close to the next 2024 halving, bitcoin will mark another all time high and so we go on because the value and it's acceptance increases everyday and people are making demands on bitcoin adoption from every part of the world, Michael does not have to convince people before they make their own commitment with bitcoin use because it has every solution to financial centralization challenges.

It is because Bitcoin has exceeded those predictions. Like people in the past have been speculating that $20k will be reached again and then it did happened but what's next? It has surpassed that price to another ATH which resulted as x3 from the past ATH.

Yeah, that is for real.
The next halving will be lit and aside from that awaited event every 4 years, we're also gonna catch the impact of those Bitcoin ETF that has filed by several financial institutions.

Michael Saylor is one of the biggest public whales of Bitcoin. I think we could say Elon Musk too. Anyways he can suggest anything extraordinary for price because its gonna help him make money. Bitcoin hitting 5 million dollars in couple of years is impossible. Most newbie traders think when they see news "wow Bitcoin going 5 million in a year?" so easily manipulated. Don't get me wrong I believe Saylor is nice guy but suggestion is exeggarated. I would rather say 100-120k in next bull run.

Don't you believe that anything can happen that will make the price of Bitcoin to hit $5 millions, but it can be 10 or 15 years to come before such price will occur in the market, and for Michael saylor to give such prediction in the public without indicate the years the price will hit $5m show that is a good prediction. I believe the price of Bitcoin will not remain low like what investors are going through now in this bearish season, because is making some bitcoiners not to solve some issues that requires money because they don't want to sell their coins now until the price reach $200,000 or above before they can sell. Based on what we have experienced from Bitcoin over some years now, show that people will begin to experience $100,000 from next year which is my prediction.

If we're talking pie in the sky epic price targets then for any attempt on realism we have to be referring to assets in the trillions.    Every asset works in parallel to value elsewhere, some value is created but some of the appreciation in BTC would come from the decline in usage of paper currency and various alternatives.  This can happen anywhere nationally but I think for this size of change and large price we are talking about Dollar reserve or world traded currency, some part of that would ideally need to come to BTC to match this prediction and scale.   
   Most obvious to me is a reference to the dollar index, for BTC to go up this much the DXY has to be trending down.  Its not presently, some would say its bullish but I think sideways and possible it can decline if we lose 100.
https://talkimg.com/images/2023/09/19/6V6AI.png

Its a rough crop on Dollar Index but I'm looking for how often we've met a similar peak or low in this area.  2022 July we found this 105 area as a low before later rising to 112 on DXY in the autumn.  Now we are establishing if 105 will be a high and establish a counter to the low of sub 100 earlier this year, a lower range would be the start of a lower valuation of a trillion dollar asset market place presumably meaning value can move elsewhere.  Despite higher rates I think this is possible as inflation still devalues the value of dollar relative to almost everything else.

To me that is also an exaggerated price and I don't even believe bitcoin will reach that price no matter how many years it takes, let alone 10 or 15 years. Michael Saylor is indeed a big whale in the market but that doesn't mean what he says will definitely happen. Furthermore, it was just as baseless a prediction as any of us, nor could he provide any evidence for his prediction. I don't know what his purpose was in making such a prediction, but it was really exaggerated and unreliable.

I'm not surprised that Saylor is saying crazy targets because that's his job and people saw him for what he is in the last bull. For me, his statements don't matter at all. I see him as a cryptocurrency sell indicator. To this day, every time he tweets or makes a statement about Bitcoin, it's followed by a drop. He seems to be one of the ardent defenders of Bitcoin but this may not be the case and Saylor was one of the actors in the dot com bubble and was prosecuted. Every time this guy says he bought Bitcoin, Bitcoin falls. He acts as a reverse indicator. I love him.

Predictions without guarantees are mere chatter. Anyone can say Bitcoin will reach $10 million or even $100 million, but when? All possibilities do exist, and talking is the easiest way, for it only requires a mouth.

$5 million is a substantial figure, and it does give me a bit of concern regarding the actions the government might take in response to such a moment. The public will be fixated on Bitcoin's movements, and inevitably, the government will need to intervene to bolster Bitcoin regulation. Will the government tighten Bitcoin laws further if the price reaches $5 million? No one knows what negative consequences may accompany the rise in Bitcoin's price.

I don't know if it's a coincidence or there's some reason behind it but we have to admit that every time this guy announces to buy more bitcoin it seems like the bitcoin goes down a few days later, laugh.

As for this guy's prediction, I don't understand why so many people are always interested in famous people's statements. Do they have any proof to support their prediction? Or are they just wild predictions to attract attention to themselves like many people have done? In investing, it's best to do your own research and stop trusting anyone, especially social media influencers.

I would always go opposite into those kind of predictions whenever these known billionaires or institutional personalities would really be making out these kind of sentiments.Whenever it would really be a positive sentiment then i would go for selling position but if it would really be that negative news or words then i would really be going for buying position on which it turns out to be that a good thing for me and it seems that this had been that a good basis whether you do buy or sell on these conditions on which its never been that something new that these news or sentiments could neither give out some effects or not.It would really be entirely be depending on market demand and recognition plus the emotions that circles around.

$1M - $5M predictions are really that something on that delusional part because if we do tend to look on the current price movement or even in the past where it cant really be just that
possible that we would really be reaching out those numbers in short time or even with our life time. Everything would really be according to acceptance and recognition in the
end of the day on which it is something that cant really be controlled.

Bitcoin reaching 1 million or 5 million is what any investor wants, but we should be a little realistic and not be too delusional because if things do not go as expected, we will be disappointed. Bitcoin hasn't reached 100k USD yet but we are already thinking of a higher price, isn't that an illusion? We are investing with our hard-earned money, so be realistic and careful to avoid the most unfortunate risks, always do your own research and stop believing what others say.

BTC Price Predictions do not only come from Michael Saylor but there are many others if we read in the media related to the world of digital currency as well as from several questions in forums too. But, I think that is the aspiration of BTC holders who have a large amount even though it sounds too high. If we look at market movements, it hasn't shown any significant changes. BTC needs to climb higher by the end of this month at least the $35K mark will be broken first.

Speculations would really be flying out everywhere and people would really be that free on giving numbers since its free and we do have our own opinions on what we do see into its potential.
If they do see for 5 million per coin price then so be it and we do have our own approach as well on which it would really be that normal that we would really be hesitant which the price didnt been able to break up even $30k after this long time of stagnation and now we are hoping for a million per coin which i cant blame on why people would really be counter reacting with this kind of speculation which it is really that off the charts
or something that might not be able to happen even in our dreams.

Lets just be realistic at least and will really be that mindful or thinking about those probabilities that would really be seeing to happen on later years.
Everything will takes time and lets see on how far demand would go in later years and this is something that cant be known.

Well, not every holder will become a millionaire if Bitcoin hits $1m because they don't all hold 1 or more than 1 Bitcoins. The amount of Bitcoins in circulation is spread into the whole population that has some Bitcoins in their wallet and the percentage of people holding 1 or more than 1 Bitcoins is not really that high, I believe there must be some stats regarding this that we can find somewhere if we do some research but I'm pretty sure about what I'm saying.

However, if Bitcoin manages to reach that price, it will surely make every at least wealthy to some extent, because even if you are holding 0.1 Bitcoin, you will have $100k which is not a small amount no matter in which part of the world you are. So, that will be great and all, but it's nothing more than just a prediction.

In making predictions, everyone is free to speculate about the results of their predictions, whatever it is, there is nothing wrong with it, and for me personally the Bitcoin price of $5 million is an impossibility that is in my mind right now when I hear that number.
Maybe my thinking is the same as people who bought pizza with bitcoin in the past.

In my opinion, any formula for calculating this still doesn't make sense, logically we haven't even touched on $1 million, how could it be possible to get a price of $5 million so easily. But dreaming is indeed more beautiful than lamenting reality. LOL

The important thing we can do is to calculate a reasonable target and collect the bitcoins we can.

I didn't said that every holder will become millionaire as that's something impossible but I said that most of the holders will be millionaires. If we check the current number of wallets that hold 1 Bitcoin then that number is more than 1 million wallets, and if future the number of wallets with 1 Bitcoin will be much higher than that. According to LookintoBitcoin, the current number of wallets holding 1 Bitcoin or more is around 1,020,375 as of Sep 19 2023 and the number will grow to more than 2 million wallets in a few years. I think if Bitcoin even reaches $1 million in value then all of those wallet holders will be millionaires. Yeah, I'm sure that there could be people with multiple wallets having 1 Bitcoin but still all of the wallets will be around $1 million in value if they hold 1 Bitcoin when the price reaches that value.


Yeah, if we speak logically then Bitcoin hasn't even touched $70k, but in predictions we avoid logic and see the things with analytics, and statistics. The Bitcoin has potential to grow much higher in value and we can't ignore that thing but for now it's not anywhere close to even $60k, but surely in future the scarcity principle will work with Bitcoin as well and the value will grow enormously. When the supply is low and the demand is high then the value will also rise, and that's something which is going to take place after each halving event. During each halving event the number of Bitcoin in a block reduces to half and that creates some scarcity and which works to increase the price of an asset. We should also keep that inflation that happens with fiat and that's why Bitcoin can grow much higher in value in future. 

Remember this?
https://cointelegraph.com/news/john-mcafee-doubles-down-predicts-1-mln-btc-bets-his-dk-on-it

I bet that these predictions are truly baseless or else BTC would have at least crossed $100k during the recent pump based on many factors, which it didn't. TBH, I believe that taking rational decisions on trading and buying BTC should be advised to new investors instead of luring them with such insane numbers which we know that it's literally not easy to attain.

Yes, at least speculation can be calculated logically that with time and what kind of process Bitcoin can reach 5 million, perhaps it can be understood, but if it is just expectation it will be like nonsense.
The large demand will definitely make bitcoin very valuable. That is the market mechanism in general regarding goods, we understand that very well, including the scarcity which is the value of bitcoin as the reason people want to own bitcoin.
But have you ever thought that for bitcoin to make a significant movement there must be another trigger as a means for people to become more interested in bitcoin, such as in the previous cycle bitcoin was accepted as a means of payment for purchasing Tesla cars and that triggered a market reaction that caused a spike in prices.

Well, in the previous cycle Bitcoin got higher in value and its demand was increased due to many factors not only because of Tesla cars. I think Covid-19 pandemic played a very crucial role in increasing the demand for Bitcoin and other crypto-currencies in that cycle and there were some more factors as well. In that cycle PayPal also launched their service to allow its users to buy, hold, and sell Bitcoin and some other crypto-currencies, and other than that MicroStrategy also invested a lot of money into Bitcoin, and finally DeFi got much popularity in that cycle and it was another factor that led to wide adoption of Bitcoin. Those were some of the known factors while there were many factors that weren't available to public but they also played their role in increasing the demand for Bitcoin in previous cycle.

In the next cycle there will be also some factors that play their role to increase the adoption of Bitcoin and other crypto-currencies. We aren't yet aware of those factors but surely Bitcoin will get more attention in the coming decades and the next generation will get awareness about it in their childhood days. I believe that in next 30-50 years the price of per Bitcoin will be so high in value that none of us can imagine right now. If you consider that thing as nonsense then that's your point of view but in theory that can happen in future.

I am eagerly waiting for btc to touch $500,000 before we talk about $5 million. Btc can't go parabolic based on its halving aspect but needs something extra, something big to even think of such targets that Michael Saylor is talking about. BlackRock may get it there (to my expected target) but we should not expect it to be timed near the halving or anytime soon because dollar is yet to get stronger and make things worse for global markets before the institutions truly understand the need of assets like bitcoin through which that problem can be solved to some extent. Looks like interest rates will increase and will make dollar stronger for more time before the bubble of dollar bursts.

Either we will have to wait for decades for this price to be reached or an event that shakes the world economy will have to happen in order to accelerate the time frame in which we could see that price, those are the only two scenarios which could lead us to 5 million, however it is impossible to know which will actually happen first, as even if at some point the fiat system will have to collapse I have no idea when this could occur, as the fiat system has been in trouble for a long time and it still exists.

Or maybe we need to wait a century to see the price of bitcoin reach $5 million?
We'll never know if we'll be alive when that $5m is reached, but I think that's a huge amount to happen in the next few decades. Bitcoin won't explode like that in my opinion, but the volatility of its value could make it more expensive over time.

Moreover, market behavior does not have to be the same all the time. Prices can rise and fall at any time for many reasons, but I wouldn't think $5m is a very realistic expectation for bitcoin in the next 5 decades.

That's how it should go.

Going with the lower price before it could go with that prediction that's certainly high. But it's not possible, we've got Cathie Wood saying $1M and Saylor for $5M.

It is unknown when these numbers will be filled by bitcoin and if they're going to be accurate with these predictions. While it is music to our ears but it's a music that might not sound in rhythm for now.

Better not to make yourself that mindful about those numbers because even hitting up $1M per coin wont really be happening in our lifetime and this is why it would really be just that wise that you should really be that

sticking into those realistic prices and having those approach which it wont really be that touching up those numbers which are really that unrealistic. It would really be better that you should really be that  
setting out some goals or targets on something with those numbers which are reachable in our lifetime and always be considerate about on having those taking profit years or on the time that you would really be
deciding on your profit taking. We do hear lots of numbers and speculations in regarding about the price but we know that only the community or the market would really be the ones will really be the one that
could lead up whether those numbers are low or high.

Important thing is that you do really be able to secure out your position if ever you do see the opportunity that you are already making out some profits
and this what matter the most.

A simple calculation shows that if bitcoin goes up 70% a year (on average), then it would reach 5 mil sometime before September 22, 2033 (in about 10 years, roughly).

For comparison, 70% a year is exactly what bitcoin did between September 22, 2013 and September 22, 2023, so someone can't say that we are talking "crazy" numbers here.
All needed for bitcoin to do it is to repeat the last 10 years. I think that it is reasonable, but not guaranteed, of course.

If bitcoin goes up 50% a year (on average), it would be about $1.58 mil in 10 years.
If bitcoin goes up 35% a year (on average), it would reach $533K in 10 years.

Those are more modest numbers and 35% would be a halving of the growth rate in the next decade.

$5,000,000 per coin is possible but it likely won’t be this decade. I think if/when we go that high it would be in 2040 or something like that. I don’t know what $5,000,000 will buy you then though, with the rate of inflation & senseless money printing devaluing the $ & ravaging our purchasing power.

I agree with what you said. The 500,000 dollars that McAfee predicted about Bitcoin is too far; it is now 2023, and the value of BTC is currently around 26k. Then now, it seems like Michael Saylor is just repeating what Mcafee did. The only worst thing is that he seems to be more intense than Mcafee, even though Michael Saylor invested a lot in Bitcoin.

It's not that we don't want it to be 5 million dollars per Bitcoin, but of course, if we make a suggestion about the value of Bitcoin, it should be realistic, and there should be a basis for why such a prediction was made about Bitcoin. Because he will come out in the end with what Saylor said, he will be a liar, and he will come out just hyping the community in the crypto business industry.

The point is: in 2023, I have seen a lot of speculation and predictions expressed by many people, not only Michael Saylor, many other users are saying what Saylor said, What's worse is that they speculate more than $5 million on the future price of Bitcoin, some people think it's excessive and some people think there is nothing impossible that anything could happen to Bitcoin.

However, to be honest, for myself, at least I have separate speculation for Bitcoin in the future, the highest is between $100k - $200k, it seems that $5 million will take a long time to achieve, even though we never know the real crypto market and Bitcoin's next direction.

There is no way we can predict future price of Bitcoin. Majority of speculations and predictions about Bitcoin price went wrong. As far as this 5 Million price prediction is concerned, I think its exaggerated figure. Right now everyone eyes are whether Bitcoin can go and surpass 100,000 $ or not. Next year halving is also a much awaited figure and will give a good hint about future price of Bitcoin.

This seems to be one of the many reasons for Saylor to trick people just the way McAfee did in the past. It was actually a coincidence for McAfee to die or else he'd have to actually do what he said in order to keep up the value of his words.


TBH, I really don't want BTC to go that much in price because then honestly people will kill those who have crypto due to its value. Just think if you have just 1 BTC with you and you're jogging on a road, you've got your hardware wallet in your pocket, the value of BTC is $500k and someone from your nearby knows it. Just think how dangerous it can be. And yeah, you used the correct word for this industry, CRYPTO BUSINESS industry as these giants have bought BTC for cheaper (or costly when it was up), now they want people to go astray via their words/fake promises trying to prove people that their belief will serve.

Totally exaggerated or something unrealistic and this is why having those kind of numbers would really be making tons of people do laugh on what this person is really that predicting. Its not really that bad on being

optimistic but on the time that you are already saying or mentioning numbers which arent that already that realistic at all then expect that there would really be tons of people who would really be laughing behind
with those price predictions. Come to think or remember into those days where McAfee did really make out some prediction having million per coin which come to think that he's been saying that it could happen anytime soon and did really even make out some claims that he would really be eating his own dick on national television.

if not, I will eat my dick on national television.
https://twitter.com/officialmcafee/status/887024683379544065?lang=en

Wondering if these fellas had the same line of words or something that they would really like to bet on.  :D

yeah I have crossed that also and indeed that if that is correct then we already  have that 100k or more by this time.

while the crypto world is struggling to reach a hundred thousand value , yet here we are talking about million dollars? and not even that but 5x to be specific.

Don't know how much it can cost but for me? this is a near impossible to expect.

and I will never believe this to happen even in a lifetime.

correct , we can look for hundred thousand in our time , but even with our second generation , it will be harder to believe it will take a million a piece for bitcoin.

They can make any prediction they want, but if they want to convince others, they must at least show what evidence or documents they rely on to make that statement.  but most are just spontaneous speculations, saying whatever they think without any evidence.  so these numbers are greatly exaggerated. 
You're right, we haven't even crossed $100k yet, so thinking of higher goals is wild.  five million USD per bitcoin is a really attractive number but too illusory and exaggerated beyond necessary.

Even if they would really be presenting any documents or whatsoever which it wont really be that still different because everything would really be remain as speculative approach on which it is really that actually free or could really be say by everyone which it doesnt matter if you are just an average joe or known people here in this market or space. We can really be able to make our own numbers on which it would really be just that
depending on how positive or being optimistic you are in towards bitcoins potential. It is really just there are really some numbers turns out to be non-realistic already. Yes, its not bad on being realistic but we know that if you are a person who do have that reputation and popularity, then whatever speculations that you would really be saying which it might really be affecting someones views and decisions specially newbie ones on which they are usually that get easily affected whenever we do see these kind of price calls and speculations which on the time that they do read up then this is the time that they would really be able to make out some conclusions that they should go all in just because they are already imaging on the profits that they could make if that prediction or price speculation did really happen.

not exactly.. bitcoin does actually follow some underlying economics..
ill quote myself instead of repeating myself

unless the most expensive cost of mining 1btc becomes more then $5m then the price wont even have the chance to speculate on the market that high

now to put it into perspective

imagine todays resistance is $150k.
imagine mining hashrate(cost) doubled by 2024. to $300k
imagine mining reward halves  in 2024. to $600k/btc
then imagine between 2025-2028 mining hashrate(cost) quadrupled. to $2.4m
imagine mining reward halves in 2028. to $4.8m/btc

then mining cost doubled in 2029 to $9.6m

then the market could speculate ANYWHERE between $1.4m-$9.6m/btc

but as said it all depends on if mining costs do take a 64x cost rise from todays cost to even open up the speculat range of possibility

predictions are just predictions, Michael Saylor seems to be just guessing and not very realistic. Never mind reaching $5 million now, reaching a new ATH is the most awaited thing or at least breaking the price of $100k is already new history for Bitcoin.
The numbers mentioned that are too big are unrealistic and seem to make us all laugh. But who knows what the situation with bitcoin will be when all the bitcoins have been mined, the price will certainly be higher.

I would say a million dollars "talks" are mainly regarding the future and yes it's obvious that we are not going to see it reach neither 500k nor 1 million dollars (or obviously 5 million) any time soon, but we can discuss about it for the future.

It usually means that maybe it won't happen right now, and anyone who gives timing for when it will happen will end up wrong, but when we are talking about a situation where it's all about the profit making, then we are going to end up with something much worse. This is why it should be important to remember that we are going to end up with those prices "eventually" and that's what we are talking about in most cases. I understand that life is not simple so waiting could be hard, but we should try to.

He deliberately mentions unrealistic numbers and it is impossible for the price of bitcoin to reach $5 million in the future, he makes jokes when the market is bearish and we need peace of mind to maintain the portfolio in the current market conditions. However, if he makes a realistic price prediction for the next 10-20 years for $500k then the potential price prediction will be achieved and he will have to keep his word in committing this disgusting act on national television, so don't take his challenge seriously, stay focused on your DCA investment strategy .

Unrealistic approaches shouldnt really be given any attention into and for sure this guy had already filled his bag and now trying to make some positive sentiment to drive the price up.Its true  that
these people would really be just trying to hype things up on the time that they had already filled up their stashes and only the time comes on which everyone would really be trying to give out their positive sentiment
towards Bitcoin market. Usually this would really be happening on the time that we are fast approaching halving event on which it is the main catalyst on which we would really be seeing for it to start that bull run.
$5M is really just that too much!
For those people who had been here for those couple of years or simply does have the experience and awareness on how this market behaves or move then they would
definitely be laughing with this kind of price speculation on which it cant really be just that possible even in our life time.Lets say that all bitcoins had been mined but the
demand isnt really that still high or full scale. Then what you do expect?

While fiat currencies have existed for a long time, the whole world being part of the fiat system is something new, an experiment that has lasted just 50 years, so taking into account all the troubles we are seeing already I have problems picturing the current system lasting as long without a catastrophic collapse, now just because I do not see how it could happen it does not mean that it wont happen, but I find the odds of a collapse of the fiat system and a reevaluation of bitcoin as a result of it to be way higher.

I still think that 500k will happen eventually, not sure when 5 million would happen because it feels like that may happen sometime after our life time, but I think we are going to see 500k. He was a crazy person in most cases but he was right that we are going to see 500k, not at the time period he expected it to happen, but it would still reach that price one day why do I think that it will happen?

Because if we reach 500k, we would be reaching near the gold market cap and bitcoin is basically digital gold and people are using it so it should be getting there eventually. This may take 10 years, or it may take 30 years but I am sure that it is going to be something within our life time if god permits us to live that long.

Sooner then that because if possible it'll occur within a rough schedule of government debt terms.  The majority of the debt is 25 years or less, just long enough that those in power now will not be around to have to justify what happens on the tail end consequences to their choices to raise defict spending.  It'll be in the life time of most of the working population now, if those who fought during ww2 and the recovery after are spending savings now we are comparatively going to reap what we have sown in the last years since 2008 and prior.   We have a falling working population depending on your country and that debt cost has to be repaid.
  The reason all of that debt is relevant is that it relates to the likely strength of Dollar or trading counter parties like Euro and YEN.  If weak currency occurs from excessive debt, poor value returned even if not a hard default we see a soft default where actual value fails.   Most obvious example is the end of USSR, the old rouble and new rouble are 10000 to 1 ratio  so tell me what the ratio of 2033 dollar is to 2023 dollar because its not near to 1:1 and we could see it slip quite massively as it fails like a broken clutch gets progressively worse.

5 million dollars and we are no where near 100k but already dreaming of the millions, besides Bitcoin price doesn't happen without external money being pumped into it...

So million dollar question is where is this money coming from??

And does Saylor have an agenda why his predicting such high prices?? Is this meant to lure new crypto investors by false advertising  ::) if it is it will hurt our markets...

Nice prediction, and the good part about these is that anybody is free to speculate but the markets have the final say which sucks :P

How about we wait for Bitcoin to reach $100k  before discussing any price beyond that.  As of now due to its bearish market, Bitcoin is struggling to even recover its recent ATH price.  And we are not certain whether the Bitcoin halving effect as catalyst can have the same impact in the market that will lead the rally for Bitcoin bulls to break ATH.  Spot ETF approval may bring hype but we also do not know the range of impact this approval of ETF can do.  It may not even be felt if things comes to worst.


Bitcoin is Bitcoin it has its own distinction from gold so I never think of calling Bitcoin a digital gold because Bitcoin has the potential to exceed the value of gold (I think it already has).

$500k if we take the ratio on how ATH increment decreases might need two or three halving before it realized.  This is assuming that Bitcoin retains its ratio increment when it records new ATH.

Not shocking and its always been like this.  ;D On the time that they had filled their bags then this is the time that they would really be trying to spice things up and throwing into those unrealistic numbers
and just for the purpose on trying out to hook up newbie investor or even to those old ones and make more investment with Bitcoin and on the time that the price had rose up because of such false sentiment then
BAMM! he would really be making out that sell position or would directly be that securing their profits and then the cycle continues. Its not really that new anymore that these people would really be
trying to hype things up and make some advantage since they had placed themselves at the bottom. So its really just that normal that they would really be making those positive sentiments
which it is really just that a normal approach.

It is undeniable truth that people like Saylor can be very manipulative and working for their own agenda making money. I also dislike it but that's what we got. But I still think pulling more people to Bitcoin trade is not something bad. I am sorry for that people that may lose money over time because they are buying Bitcoin and establishing terrible market positions. Anyways they will get used to Bitcoin over time and they won't make same mistakes again.

We encourage people to spread the word and attract others to invest in bitcoin, but not in this way. This only makes many people view bitcoin more like a ponzi than a real potential asset. We should not support people exaggerating bitcoin just because we want others to join the market with us. We just need to spread the benefits of bitcoin, when people are aware of the benefits that bitcoin brings, people will seriously participate in it. Whatever Saylor's intention in making this statement, I don't expect newbies to believe this and enter the market just thinking bitcoin will hit $5 million.

We in this market don't mean or decide anything. Saylor is only valuing bitcoin for future profit. He's probably buying bitcoin for a reason. Someday he'll sell it. That's exactly what Elon Musk did, only he didn't do it for long. All these people are not thinking about bitcoin or you and me, but only about their personal gain.

We wont really be thinking other things rather than on taking profit or making one on which it doesnt matter whether we do share up positive sentiment towards it on which it could affect other investors perspective on which it might cause that driving force on taking up such trend then on the time that it would really be making out some significant effect then this is where you would really be getting that opportunity on
securing profit and this is where these type of people would really be targetting and since we are all speculators here on this space then it would really be just that normal that people would really be taking up
on having those kind of numbers on which their intents neither be that something that be shown or not. This is why on personal perspective then it would really be just that so normal that you would be
wise on taking up such step or whatever decisions you would be making into your position whether you would be holding for long or would really be trying to snip out profits on
short term duration.

Maybe our grandchildren will see it and Bitcoin will run out of mines in 2140 and that will still be 117 years from now.

and the extreme speculation carried out by Michael Saylor is not at all based on appropriate predictions and is just nonsense coming out of the mouth of a drunk person.
Just expect Bitcoin to continue reaching new ATHs, but of course there will be a decline after that and it will be a cycle that will continue.

Actually btc did break 100k on coinable due to a fat fingered buy.

As a guy that mines to make bank I can tell you we are entering the must rally pre halving stage  as Oct 2023 to April 2024 is a short time.

Miners are very much on the ropes.  todays price is okay for now but would knock out 1/2 to 2/3 of the miners in April of 2024.

I think we will begin a relief rally to 35-40k this year and 40-49k Jan to April next year.

So what happens if 1/3 or 2/3 of those miners would be knocked off? Is there a significant effect on confirming transactions on the network? Sensibly thinking then it would really be "YES" but im not sure because
im aint a technical guy that knows about mining though but its true that we might not really be that seeing those miner conditions when halving hits and i did make another research about on what
price which Miners could really be able to sustain and profit on a certain Bitcoins price range.

To avoid being in the red, publicly-listed Bitcoin mining companies will need the BTC price to be at least $98,000 by the 2024 halving.
https://cointelegraph.com/news/bitcoin-miners-btc-price-98k-halving

So it does mean that there might be chances on seeing those breaking ATH numbers as we do approach or usually this do happen
on post-halving season.

I am in agreement to the people who are skeptical on Michael Saylor Moon's $5 million prediction. However, do you know what might be a funny speculation? There were unconfirmed rumors that Michael Saylor Moon promised to advertise bitcoin on the Las Vegas sphere. If he does this on a bull market after another big pump to another all time high, I speculate that bitcoin might have a big dump after this, very much similar when Elon went to Saturday Night Live to advertise crypto.

https://i.ibb.co/9NWWy54/A79-F8-CC8-311-F-452-B-AD0-B-BE6693-F7364-F.jpg

Maybe Michael Saylor's prediction will be right because we have seen changes in Bitcoin since 2009. Currently, in 2023 this time Bitcoin has changed its price many times, and we have seen Bitcoin high. The way the BTC market is moving forward, we can be sure that the Bitcoin market will touch $5 million at some point. We've seen huge market swings every time Bitcoin halves, and when a bull market occurs, that Bitcoin market reaches huge highs. Accordingly, we can predict the bitcoin market will reach this stage, but maybe our future generations who will come can see this position of bitcoin. Moreover, if Bitcoin touches $100,000 after the fourth halving, Bitcoin will definitely go higher accordingly. And I believe that Michael Saylor's prediction will be correct at some point and Bitcoin market will touch $5 million dollars.

Michael Saylor seems like a bigot, but he's actually cunning. All his talk about bitcoin is just for his personal gain. His company owns a lot of coins and it is profitable for him to say that bitcoin will be worth millions of dollars. He can't be talking about bitcoin being bad. So I would ignore what he says.

This is what you should really be having in mind that everything that you do able to hear of on this market then you should really be that skeptical and of course it would really be just that good that you do always stick with your own analysis towards the market and also it is really that somewhat obvious if we do speak about possible manipulation or to those people who do really tend to hype the market just because they have already filled their bags then it is really that trying out to hype everything and throw out some positive approach or sentiments and makes the price do make out some pumps and then this is the time
they would really be that releasing their bags.

Its not that new anymore because this had been a typical movement and decisions they would be making which if you've been here on this market and have that good
experience and awareness then you do really know on what to do and what you should gonna do on this particular time.

I doubt BTC is about to be derailed by the greed of capitalism or people like Saylor.   I'd say his mistake is holding BTC too simply, not using it as capital or deploying it especially unless I missed that point.    Holding any commodity is usually with a cost to that holding, cost of capital the market demands a return.   So his plan has a flaw imo, its a bit dangerous to just say buy more.   People can say this so long as they dont over-allocate but I think he takes too much risk relying on FIAT leverage to support his ideas.   If it was an investment trust I believe they have no obligation to sell assets, merely the price moves to a discount where as ETF or a stock can have demands made upon it to sell when market wants and BTC sells off and calls peoples bluff.

You make it appear like being a bigot in the bitcoin community is good hehehe. This is really a head scratching behavior when some people start talking like a pastor in the cathedral of the cryptospace and begin preaching the good word of bitcoin. These larpers similar to Saifdean Amoose should be ignored. Amoose takes your thougnts away from reality and trick you to enter his utopian fantasy which might convince you to buy his book hehehehe.

https://i.ibb.co/7br10kK/54-D776-AC-EA99-4-DE9-A049-3-EA8-ACA8-A78-E.jpg