Michael Saylor predicts Bitcoin can go to $5 million? - page 6.

coolcoinz

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Quote from: hugeblack on September 12, 2023, 01:41:28 AM

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.

eaLiTy

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Quote from: Don Pedro Dinero on September 11, 2023, 11:24:19 PM

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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 Cheesy

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Asuspawer09

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Quote from: bbc.reporter on September 11, 2023, 09:19:30 PM

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.

mk4

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Quote from: Wind_FURY on September 12, 2023, 09:19:36 AM

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.

m2017

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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.

OgNasty

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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.

salad daging

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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.

Lucius

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Quote from: Wind_FURY on September 12, 2023, 09:19:36 AM

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.

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, 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.

LoyceMobile

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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.

348Judah

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Quote from: bbc.reporter on September 11, 2023, 09:19:30 PM

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

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.

Wind_FURY

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Quote from: mk4 on September 11, 2023, 11:29:38 PM

Quote from: bbc.reporter on September 11, 2023, 09:19:30 PM

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.

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.

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.

eightdots

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Quote from: Nrcewker on September 12, 2023, 07:52:49 AM

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.

Nrcewker

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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.

peter0425

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Quote from: bbc.reporter on September 11, 2023, 09:19:30 PM

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

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 .

Quote from: rat03gopoh on September 12, 2023, 04:51:44 AM

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.

exactly , just speculation and not assuring anything .

rat03gopoh

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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.

EarnOnVictor

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Quote from: bbc.reporter on September 11, 2023, 09:19:30 PM

Billionaire Michael Saylor Predicts that Bitcoin is Can Hit $5 million dollars.[/i]

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.

benalexis12

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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?

hugeblack

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Quote from: bbc.reporter on September 11, 2023, 09:19:30 PM

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

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)

mk4

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Quote from: bbc.reporter on September 11, 2023, 09:19:30 PM

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.

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.

Don Pedro Dinero

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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

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.

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