Bitcoin to $10M by tomorrow says Michael Saylor

- Michael Saylor: "Bitcoin could reach $10 million by tomorrow" - Bitcoin price increase examples follow MicroStrategy purchases [Unblock Media] Michael Saylor, the founder of MicroStrategy, has once again emphasized his strong belief in Bitcoin, causing a significant stir in the market. His past statements and actions have indeed promoted Bitcoin price increases and institutional investment inflows. Michael Saylor reiterated his robust confidence in Bitcoin. In a recent interview, he said, "If people knew what I know, Bitcoin would reach $10 million by tomorrow." His statement is seen not just as an opinion but as a powerful signal to the entire cryptocurrency market. Saylor has consistently criticized the instability of the traditional financial system and central bank monetary policies. He argues that Bitcoin's fixed issuance and decentralized nature give it value as "digital gold" amidst global economic uncertainties. In fact, in August 2020, Saylor announced a $250 million purchase of Bitcoin through MicroStrategy. Following this announcement, the price of Bitcoin rose from about $11,700 to $12,400, and by the end of that year, it surpassed $29,000. This marked a turning point that catalyzed institutional investment inflows into the Bitcoin market. Unlike central bank monetary policies, Bitcoin is unique in that its supply is capped at 21 million. The U.S. Federal Reserve increased the M2 money supply by approximately 40% during the 2020-2021 period through zero interest rates and quantitative easing (QE), but shifted to rapid interest rate hikes and quantitative tightening (QT) from 2022. In contrast, Bitcoin's issuance is fixed by code, making artificial supply changes impossible. Saylor's statements have previously elicited tangible market reactions. Right after he hosted the "Bitcoin for Corporations" conference in February 2021, Tesla announced a $1.5 billion Bitcoin purchase, causing the price of Bitcoin to surge from $32,000 to $58,000. This event marked the beginning of Bitcoin being perceived as a substantial asset by large institutional investors. Saylor is not merely a theorist but has demonstrated his trust in Bitcoin with actual investments amounting to billions of dollars. His recent remarks underline the increasing institutional adoption within the cryptocurrency market and the potential for Bitcoin's long-term value appreciation.