At the recent Digital Asset Summit, Strategy CEO Michael Saylor projected Bitcoin’s price to rise to $13 million within the next two decades, emphasizing its unique features such as scarcity and immutability.
Michael Saylor's Predictions
Michael Saylor highlighted that Bitcoin stands apart as a digital commodity due to its reliability and stability in the long-term.
Bitcoin's Role as a Digital Commodity
Bitcoin's supply, limited to 21 million coins, differentiates it from traditional commodities like oil and gold. This makes it resistant to inflation and ideal for long-term value storage. Saylor stressed that Bitcoin is immune to artificial supply increases thanks to its decentralized nature and algorithmic issuance.
Current Price Movements and Market Sentiment
According to CoinGecko, Bitcoin’s price increased to $85,208, 1.8 percent above its previous day’s value. Although it hit $86,000 earlier, that peak wasn't maintained. Bitcoin currently stands at 11 percent below its month-high. MYRIAD traders anticipate the price to stay above $83,000 in the coming week. Saylor also referred to a recent executive order by US President Donald Trump regarding the establishment of a Strategic Bitcoin Reserve, highlighting government recognition of its strategic role.
Despite market fluctuations, Saylor remains firm in his belief in Bitcoin's future. He views it not just as a financial asset but as a protocol and ideological structure with long-term significance in global finance.
