MicroStrategy chief executive Michael Saylor is envisioning a future where hundreds of trillions of dollars worth of investments can push the value of Bitcoin to as high as $14 million.
In a new interview with YouTuber and Bitcoin trader MMCrypto, Saylor, who has placed massive personal and corporate bets on Bitcoin, says he believes a scenario in which Bitcoin capsizes gold and moves on to take a chunk of other markets is possible.
“I think that demonetizing gold gets you to $500,000 and that’s simply pulling all the monetary energy off of the gold rock from gold bugs who believe is a store of value and a safe haven. It’s important to note there are a lot of organizations and a lot of investors that don’t use gold as their safe haven. They use government debt, sovereign debt, and so cash is a safe haven, and sovereign debt is a safe haven, and another safe haven people use
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