Michael Saylor, the co-founder of MicroStrategy and one of Bitcoin’s most vocal champions, is once again making waves in the world of cryptocurrency with his boldest prediction yet. Saylor has been a steadfast believer in Bitcoin’s future since he first encountered the cryptocurrency years ago, and now, he’s taking his conviction to a whole new level, claiming that Bitcoin could eventually reach a price of $10 million per coin.

In a recent interview with David Lin, Saylor reflected on his early days of discovering Bitcoin, admitting that his obsession with the cryptocurrency was so intense that he could hardly sleep. “I was afraid someone else would figure it out before me and buy it all,” Saylor said, laughing. This fervor eventually transformed him into one of the most influential Bitcoin advocates in the world, and some even argue that it was Saylor’s relentless promotion of Bitcoin that helped bring institutional investors into the fold.

But as Bitcoin’s price continues to climb, some are wondering: is it getting harder for Saylor to keep adding to his Bitcoin stack? After all, with major financial players like BlackRock, Fidelity, and other Wall Street giants stepping into the crypto space, Bitcoin seems more expensive and harder to acquire than ever. According to Saylor, this is exactly how Bitcoin is supposed to work.

Bitcoin: Designed for Scarcity and Value

Saylor explained that the very nature of Bitcoin’s design is what makes it so valuable over time. “It gets exponentially harder to acquire Bitcoin over time — and that’s what makes it valuable and secure,” he said. This scarcity is baked into Bitcoin’s code, as only 21 million coins will ever be mined. As demand increases, the difficulty of acquiring new coins will only grow, which, in Saylor’s view, will drive the price higher and higher.

The cryptocurrency market has come a long way since its early days, with much of the volatility driven by speculative projects like FTX and Terra Luna. However, according to Saylor, the market is maturing. “Gone are the days of risky, overleveraged companies steering the market,” he said, noting that now, established financial institutions with “permanent capital” are beginning to dominate the space. This shift is helping to reduce the risks associated with Bitcoin, making it a more stable and attractive investment for long-term holders.

Saylor’s $10 Million Bitcoin Prediction

Perhaps the most jaw-dropping moment in the interview came when Saylor made his audacious price prediction for Bitcoin. He stated that he believes Bitcoin could one day reach an astonishing $10 million per coin, and even when it does, he won’t stop buying.

“I bought it at $10,000, I’ll buy it at $100,000, at a million, and at $10 million,” Saylor said confidently. “Because by then, the entire ecosystem will be less risky, and it’ll still be a better bet than the S&P 500 or a warehouse in Siberia.” For Saylor, the key to Bitcoin’s future growth lies in its increasing security and institutional adoption. As more financial giants enter the space and Bitcoin becomes a mainstream asset, its price is likely to continue rising.

Saylor’s outlook is rooted in the belief that Bitcoin will continue to evolve and become a globally accepted form of money. “The day your bank offers to buy Bitcoin for you on your phone is the day a single Bitcoin will already cost a million dollars,” he predicted. And when banks start recommending Bitcoin as an investment like they do with stocks? That’s when Saylor believes the price could surge to $10 million per coin.

What Drives Saylor’s Confidence?

What makes Saylor so confident in Bitcoin’s future, even at a price point as high as $10 million? A few key factors seem to drive his optimism.

1. Bitcoin’s Scarcity: With only 21 million coins in existence, Bitcoin’s scarcity makes it a unique asset that could hold its value better than other investment options as demand increases.

2. Mainstream Adoption: As more institutions and everyday consumers begin to embrace Bitcoin, the demand for it will only grow. Saylor believes that once Bitcoin becomes widely adopted and integrated into mainstream financial systems, its value will continue to rise.

3. Long-Term Store of Value: Saylor views Bitcoin as a long-term store of value, much like gold. As traditional assets like stocks and bonds face uncertainty, he believes that Bitcoin will serve as a safer and more profitable alternative.

4. Maturing Market: The cryptocurrency space has matured significantly over the past few years, with fewer risky, over-leveraged players and more institutional capital entering the space. This makes Bitcoin a less volatile and more secure investment in Saylor’s eyes.

Is $10 Million Realistic?

While Saylor’s $10 million prediction is undoubtedly bold, it’s important to consider the broader market dynamics that could influence Bitcoin’s price. Factors like regulatory changes, global economic conditions, and technological advancements could all play a role in Bitcoin’s future trajectory.

That said, Bitcoin’s growing adoption by institutional investors and its increasing integration into traditional financial systems suggest that the $10 million figure, while ambitious, isn’t entirely out of the question. As more financial institutions, governments, and businesses begin to treat Bitcoin as a legitimate asset, its value could continue to climb.

Conclusion

Michael Saylor’s prediction that Bitcoin could one day reach $10 million per coin is certainly a bold one, but it reflects his deep confidence in Bitcoin’s long-term potential. With institutional investors entering the market, the cryptocurrency space maturing, and Bitcoin’s scarcity continuing to drive demand, it’s clear that Saylor sees Bitcoin not just as a speculative asset, but as a cornerstone of the future financial system.

While we’re still a long way from a $10 million Bitcoin, Saylor’s unwavering belief in the cryptocurrency’s future is a reminder of how far Bitcoin has come and how much potential it still holds. Whether or not Bitcoin hits $10 million remains to be seen, but for Saylor, it’s not about the price — it’s about the fundamental value Bitcoin brings to the table.