Michael Saylor, MicroStrategy’s Founder, Predicts 900% BTC Explosion

Michael Saylor, founder and executive chairman of MicroStrategy, is optimistic about Bitcoin (BTC) after the U.S. stocks and Exchange Commission (SEC) said that a number of well-known crypto assets are stocks.

Saylor says in a new interview with Bloomberg that Bitcoin’s value is likely to go up a lot now that people are starting to understand how unique it is.

Saylor says that small investors are starting to understand that BTC can’t be replaced by anything else.

“I think there’s been a lot of confusion because of the 25,000 other cryptos and because of all the crypto securities that have been angling to position themselves as the next Bitcoin or a better Bitcoin.

So now I think that the public is beginning to realize that Bitcoin is the next Bitcoin. The next logical step is for Bitcoin to 10x from here and then 10x again.

Eventually, I have confidence that crypto exchanges will come around to realizing that Bitcoin really is the dominant asset in this space.”

At the time this was written, the price of Bitcoin was $25,068.

The Bitcoin fanatic also says that a lot of institutional money will likely move into crypto once altcoins and stablecoins are no longer a source of uncertainty.

“I think what you’ve got to remember is the reason that we don’t have mega institutional money flowing into the space is confusion and anxiety.

When that disappears, you’re going to see mega amounts of money flow into space.”

Saylor goes on to say that Bitcoin’s share of the total value of all cryptocurrencies could reach 80%.

“We can see that the dominance of Bitcoin and the crypto economy as measured by CoinMarketCap has moved from 40% to 48% this year alone.

But I think that as the stablecoins and the tokens go away, that long-term dominance is headed for 80%.”

At the time this was written, BTC made up 49% of the market value of all cryptocurrencies.