Bitcoin optimistic predictions keep pouring into the crypto space these days, and MicroStrategy’s Michael Saylor just dropped a new bullish one.
He’s envisioning a future where hundreds of trillions of dollars worth of investment can push the value of the king coin to $14 million.
According to the latest reports coming from the Daily Hodl, in a new interview, he said that Bitcoin could capsize gold and move on to take a chunk of other markets as well.
Bitcoin can hit $14 million
“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,” he said, as cited by the online publication the Daily Hodl.
He continued and pointed out that “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 as a store of value is the index funds. Bond index funds and stock index funds like the Russel 2,000, the S&P 500, the Dow index.”
He also said that “So all told, I think there’s between $300 and $400 trillion worth of fiat instruments: cash, debt, stock, commercial real estate indices.”
Saylor said that $100 trillion to $300 trillion could seek a store of value in Bitcoin and this is just in today’s money.
He explained that if BTC were to reach the $300 trillion market cap, this could bring BTC to more than $14 million.
Check out the video above in order to learn what more he had to say.
At the moment of writing this article, BTC is trading in the green and the coin is priced at $40,396.57.