Key Points
- MicroStrategy’s Michael Saylor predicts Bitcoin will reach $10 million by 2030.
- Saylor believes Bitcoin provides “economic immortality” and can extend the lifespan of companies.
MicroStrategy’s executive chairman, Michael Saylor, recently expressed his strong belief in Bitcoin’s future in a podcast interview.
Despite the current market uncertainties and Bitcoin price corrections, Saylor remains optimistic. He stated that Bitcoin has achieved “economic immortality” and anticipates the Bitcoin price to surge to $10 million by 2030.
Bitcoin: The Future of Money
Saylor’s interview highlighted his vision for the future of money. He believes Bitcoin could serve society as a means of ensuring corporate longevity.
He posed an intriguing question: “What if I told you I could make your company live forever?” From his perspective, Bitcoin’s emergence has made all previous economic systems obsolete.
Bitcoin Ensures Corporate Longevity
Saylor’s arguments largely centered around the notion that companies investing in Bitcoin are likely to outlast those that ignore it.
He stated, “The average life expectancy of a corporation is something like 10 years… We’re talking about eliminating corporate mortality, we’re talking about stretching economic vitality easily by a factor of 10, maybe by a factor of a hundred, maybe by a factor of a million.”
Saylor has a clear vision of how this could work. He confidently predicted that the Chinese people and government would eventually embrace Bitcoin. He also forecasted that a single Bitcoin would be worth $10 million in the future.
Last week, MicroStrategy announced the purchase of 11,900 additional Bitcoin funded by $800 million worth of convertible notes. The Bitcoin price has already corrected 5% since then. However, MicroStrategy’s average purchase price currently stands at $36,798 with the company holding 226,331 Bitcoins accumulated over the last four years.
