Michael Saylor predicts the demise of the US dollar by 2045 and a significant rise in Bitcoin’s value, sparking reactions from the crypto community, including Samson Mow and Peter Schiff.
Points
- Michael Saylor predicts the US dollar will no longer exist by 2045.
- Saylor forecasts Bitcoin could reach $13 million by 2045.
- Samson Mow and Peter Schiff react to Saylor’s bold predictions.
https://x.com/Excellion/status/1816992674823700749
The picture refers to a slide from MicroStrategy’s boss he showed during his Bitcoin 2024 Conference keynote in Nashville.
Michael Saylor predicted Bitcoin could reach $13 million by 2045, requiring a 29% annual return and a market cap of $280 trillion. In a bullish scenario, it could hit $49 million, while the bearish case suggests $3 million.
“Bitcoin Breaking Through” pic.twitter.com/F2jIjsxcOM
https://twitter.com/saylor/status/1816460985776972040
“Ironically, @saylor is looking for a government #Bitcoin bailout. He knows the Bitcoin blockchain letter is running out of chain and wants the U.S. government to become the buyer of last resort, leaving American taxpayers as the ultimate bag holders in the Bitcoin pyramid scheme.”
https://twitter.com/PeterSchiff/status/1816824647234548055
Bitcoin recently rose from near $65,000 to almost $68,000, following a significant drop below $64,000 when $300 million worth of cryptocurrency was liquidated. Despite concerns, the distribution of 95K Bitcoins from Mt. Gox’s insolvency did not negatively impact the market, with Bitcoin prices regaining stability.
Saylor’s forecast about the US dollar’s demise and Bitcoin’s exponential growth has ignited discussions across the crypto community. While some view his predictions as overly optimistic, others see them as a visionary outlook on the future of digital currencies. The debate underscores the growing influence of Bitcoin and the evolving dynamics of global financial systems.
Conclusion
Michael Saylor’s bold predictions about the US dollar and Bitcoin’s future have sparked reactions from prominent figures in the crypto community. As the market continues to evolve, these discussions highlight the potential for significant changes in the global financial landscape.