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Michael Sailor Believes In Bitcoin’s Rise To $ 5 Million

Bitcoin price could reach $ 5 million in the future, said Michael Sailor, head of MicroStrategy, which is listed on the Nasdaq. In an interview with FamilyOffice, he said that the capitalization of the asset could reach $ 100 trillion. According to Sailor, cryptocurrency gives investors a “screaming signal” to buy, as it solves the “obvious problem” of money insecurity by being a “designed thermodynamically reliable” currency, writes RBC Crypto.

The CEO of the publicly traded company predicted that the cryptocurrency would outperform shares of FAANG – tech giants Facebook, Amazon, Apple, Netflix and Google. Sailor assumes that they will not rise in value tenfold from current levels, but securities may triple in price over time.

According to the head of MicroStrategy, the potential of bitcoin became apparent when the authorities began to apply quantitative easing policies and other economic incentives, which increased the emission of fiat currencies.

MicroStrategy began buying bitcoin last summer at a rate of about $ 10,000. To date, the company owns 91,300 BTC worth over $ 4.8 billion, according to Bitcoin Treasuries. She is the largest holder of the first cryptocurrency among public companies. In second place in terms of this indicator is Tesla, which in February announced the purchase of cryptocurrency for $ 1.5 billion.

 

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