Analysis for $10 Million per Bitcoin Gets a Nod from Michael Saylor
- Former MicroStrategy CEO Michael Saylor says Bitcoin’s value could reach $10 million per coin, based on analysis by Twitter user Croesus.
- Croesus argues that Bitcoin’s increasing scarcity and its ability to improve on gold’s strengths make it a superior store-of-value asset.
- The analyst notes that Bitcoin’s current market capitalization represents less than 10% of the global store-of-value market.
Former MicroStrategy CEO Michael Saylor expects Bitcoin price to hit $10 million per coin. Highlighting an analysis by Twitter user Croesus, Saylor noted that Croesus had made a compelling case for the Bitcoin valuation.
#Bitcoin is competing against Gold, Collectibles, Art, Equities, Real Estate, Bonds, & Money as a Store of Value in the 21st Century. @Croesus_BTC analyzes the opportunity and makes a compelling case for $10 million per $BTC.https://t.co/eLqJCYeCKW
— Michael Saylor(@saylor) February 19, 2023
In his analysis, Croesus explains that Bitcoin’s growth engine is its increasing scarcity, which will continue into the future, and that Bitcoin is designed to improve on gold’s strengths and solve its weaknesses.
He further argues that the market for st…
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