Bitcoin to $10M doesn’t sound too remote for these execs…
Market experts are in a frenzy right now with the BTC bulls in full swing. This has been the case, especially after 17 March, with the king coin finally able to hold a position above $40,000.
Interestingly, despite its recent price action, many BTC maximalists continue to dream of Bitcoin hitting the $100k-level. To that end, during a recent podcast, an enthusiastic panel of blockchain intellectuals discussed if it is possible for Bitcoin to hit the $10 million mark anytime soon.
Among the panelists was the CEO of MicroStrategy Michael Saylor. He opined that the present circumstances were, in a way, favoring Bitcoin to prosper in the world economy.
What the experts say
Referring to his latest interview with CNBC, Saylor claimed,
“You have Andrew who represents the mainstream media stating I can’t get through an interview without talking about Bitcoin…. Then you have Andrew saying a nation-state has considered adopting Bitcoin for payments …. When she (Secretary Janet Yellen) says lots of Americans have this as part of their investment strategy.”
In this context, it is important to note that two or three years ago, “country adoption” of Bitcoin would have been a laughable topic. Fast forward to 2022, and this concept is being thought of by various governments and financial institutions.
This can be best evidenced by Russian lawmaker Pavel Zavalny suggesting that “friendly nations” such as China and Turkey can make payments in Bitcoin.
Anthony Scaramucci, Founder of Skybridge was also on the panel. For his part, he shared an ambitious prediction by claiming,
“The 2024 final two presidential candidates will be pro-crypto, pro-blockchain.”
That’s not all, however, with MicroStrategy’s exec going on to concede to the apprehensions Bitcoin has been facing.
“I think we can all agree that there’s this natural resistance to extraordinary disruptive change in the human civilization and there always has been….”
Finally, it’s worth pointing out that for maximalists, including the aforementioned panelists, growing awareness of cryptos and blockchain remains key. Ergo, the likelihood of Bitcoin appreciating to $10M might not be as remote a possibility as it is for some people.