Michael Saylor
If you open any medium these days, it is hard not to find an article or video that isn't centered around MicroStrategy and Michael Saylor. And his rethoric is... needless to say, extremely bullish. They just added another huge chunck to their stack of Bitcoin at the current prices and they will keep on buying he says.
And he will, that is for sure, he expects Bitcoin to be worth around 13 million USD in about 21 years. For the first 5 years he expects a raise of approximately 55 % per year. A doubling every 18 months. But let us say that Michael Saylor isn't really an objective person, as he has every interest in Bitcoin growing in size.
https://img.inleo.io/DQmTwwMLDZbjVSx2skUQo82KcZre1L4o7QSGGzJ1v5bbfwc/download%2011.jfif
Strategic Reserve
There are balloons going up all over the place about the United States of America to buy "a million" Bitcoin to add to the treasury as a strategic reserve.
Which would be a very smart move, as the buy alone would skyrocket Bitcoin and they would 10 X the value of Bitcoin in no time. The ethics of this move need to be cleared out though... As it would be true market manipulation. But it is entirely possible, and I see the Strategic Reserve becoming a real thing. Just, the number of 1 million Bitcoin is a bit too much in my opinion.
It would help to counter the US debt, and that would actually give the dollar more strength. Compared to what most say.
And there are other countries that are thinking about the possibility of a Strategic Reserve in Bitcoin. If you would have said this to me two years ago, I would have laughed at you, but it is actually true. Bitcoin is replacing gold and bonds.
1 million BTC in 2025?
If the US really starts to buy Bitcoin, we can expect Bitcoin grow much more rapidly than Michael Saylor says. We could get one million dollar Bitcoin in 2025, for real. Because there isn't that much liquid Bitcoin at this moment. And if firms like MicroStrategy keep buying, which they will, we are in for a major squeeze.
And this squeeze will also help Altcoins, as Bitcoin will become so scarce, the small investors will put their focus on coins they can afford, and that will be very good news for the Altcoins.
This really could be the supercycle some have predicted!
Sincerely,
Pele23
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