Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
During the most recent episode of Schwab Network’s “Market Overtime,” Strategy CEO Michael Saylor expected that the price of Bitcoin (BTC) could reach up to $150,000 by the end of the year.
“Our corporate guidance is targeting $150,000 by the end of the year,” he said.
Saylor sees 2025 as the first year of institutional adoption of digital assets.
The head of Strategy also predicted that BTC could hit $21 million in the long run.
He expects the leading crypto to continue to appreciate by about 29% per year for 21 years, which will leave him at the aforementioned price point 21 years from now.
How Saylor Sees Bitcoin
Saylor described Bitcoin as a “very elegant” way of creating a network of ownership.
“The best way to think about Bitcoin is as the first example of a technology in the world that allows individuals or corporations to closely tie economic energy to their person,” said Saylor.
The CEO of Strategy also noted that this is the first time in human history that an individual can own something without asking the permission of someone more powerful than them.
“If you have Bitcoin, I can kill you, but I don’t have the Bitcoin,” Saylor said.
Check your privilege
Saylor claims that Bitcoin skeptics are privileged enough not to experience a collapse of the currency.
“If you’re a skeptic, you must be a kid from the Upper East Side, and you’re lucky enough to be born rich in the only country in the world where the currency hasn’t collapsed in the last 100 years,” he said.
He argues that the main cryptocurrency is digital capital, and it is for everyone else in the world who cannot enjoy the privilege of having a stable fiat currency.
