Known for his enthusiastic support of Bitcoin, Saylor discussed its long-term prospects with Robin Seyr in the podcast interview. He made the compelling prediction that the price of a Bitcoin could rise to 10 million US dollars. This bold assertion underscores Saylor's strong belief in the future viability of Bitcoin.
Bitcoin as the Foundation of Economic Immortality
In a notable statement, Saylor likened Bitcoin to "perfect money" that enables economic immortality, contrasting it with traditional financial systems which he described as imperfect. He emphasized that companies investing in Bitcoin could significantly extend their economic lifespan. In his view, the introduction of Bitcoin renders previous economic models obsolete and opens the door to new entrepreneurial opportunities.
"What if I told you I could make your company live forever?" This provocative question posed by Saylor relates to the potential impact of Bitcoin on corporate longevity. He argued that traditional economic theories predating Bitcoin are no longer relevant. According to him, previous approaches in economics based on shells, beads, and paper money have lost relevance.
Saylor firmly believes that Bitcoin is not just a digital currency but a revolutionary force that could potentially extend the economic vitality of companies tenfold to a hundredfold. He cited statistics estimating the average lifespan of companies to be around ten years and claimed that Bitcoin could significantly reduce corporate mortality.
China's Role in Saylor's Prediction
Moreover, Saylor ventured a bold prediction regarding Bitcoin's acceptance in China. He firmly believes that both the Chinese people and government will comprehensively embrace Bitcoin in the future. This assumption forms another cornerstone of his belief that a Bitcoin could reach a substantial value of 10 million US dollars, driven by global acceptance and usage.
Michael Saylor's vision of a future where Bitcoin is not merely a digital currency but a transformative force for the global economy remains controversial. However, his optimistic prediction of a potential value of 10 million US dollars per Bitcoin underscores his conviction in the long-term stability and potential of this cryptocurrency.
