With A $1 Million Bitcoin Target: "Today, Bitcoin Is Still Less Than $0.05M", Michael Saylor

Michael Saylor , the CEO of MicroStrategy , on Monday, expressed his bullish stance on Bitcoin’s (CRYPTO: BTC) future Michael Saylor , the CEO of MicroStrategy , on Monday, expressed his bullish stance on Bitcoin’s (CRYPTO: BTC) future credit to x.com credit to x.com

"Bitcoin's price is still less than $0.05 million," he said. "Bitcoin's price is still less than $0.05 million," he said. credit to medium credit to medium

Saylor's approach to pricing Bitcoin in fractions of a million demonstrates how far he believes it can rise. Saylor's approach to pricing Bitcoin in fractions of a million demonstrates how far he believes it can rise. credit to cripto247 credit to cripto247

His remarks come as Bitcoin experienced a 17.5% weekly increase and crossed the $50,000 threshold for the first time since December 2021. His remarks come as Bitcoin experienced a 17.5% weekly increase and crossed the $50,000 threshold for the first time since December 2021. credit to cnbc credit to cnbc

The price increase is in line with the inflow of capital into spot Bitcoin ETFs. The price increase is in line with the inflow of capital into spot Bitcoin ETFs. credit to x.com credit to x.com Learn more stories

Saylor promoted Bitcoin as a "asset of institutional quality," predicting that its value would reach $1 million per coin. Saylor promoted Bitcoin as a "asset of institutional quality," predicting that its value would reach $1 million per coin. credit to wsj credit to wsj

"Bitcoin will reach $1 million if it doesn't drop to zero. All people are underallocated to it if it's a valid institutional asset, he claimed. "Bitcoin will reach $1 million if it doesn't drop to zero. All people are underallocated to it if it's a valid institutional asset, he claimed. credit to U.today credit to U.today

Benzinga Pro shows that BTC was up 2.35% in the previous day, trading at $50,039 as of this writing. Benzinga Pro shows that BTC was up 2.35% in the previous day, trading at $50,039 as of this writing. credit to datawallet credit to datawallet