Michael Saylor predicts Bitcoin can go to $5 million?

[m2017]

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.

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[mk4]

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.

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.

[Asuspawer09]

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.



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

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

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.

[eaLiTy]

~
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.

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  .

[coolcoinz]

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)

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.

[Lanatsa]

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.

---

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

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

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.

[ShowOff]

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.

[aoluain]

snip

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.

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.

[Captain Corporate]

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.

[Ojima-ojo]

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.

[_BlackStar]

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.

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.

[hatshepsut93]

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.

[lionheart78]

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.

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.

[taufik123]

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.

[Lucius]

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.

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.

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 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%?

[Kamasylvia]

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 .

[gunhell16]

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.

[Lucius]

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.
~snip~

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

[Wapfika]

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.

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

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.

[pooya87]

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.