Bitcoin has been trading above $50k for a day now, and the king coin managed to trigger massive excitement in the crypto space.
At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $50,085.
MicroStrategy’s Michael Saylor has been pumping and supporting Bitcoin for a really long time. Despite the massive volatility, his firm has been buying BTC like crazy.
Check out his recent tweet:
— Michael Saylor⚡️ (@michael_saylor) September 3, 2021
The article that he mentioned begins by saying, “Bitcoin has won. There has never been a more secure, scarce, valuable, transportable, decentralized and networked asset in all of humanity’s history.”
“It’s more mobile than gold. It appreciates faster than property. It’s supply is fixed unlike stocks and bonds. It’s payment network is faster and cheaper than Visa’s.”
The article continued and pointed out the following:
“It’s user base is growing faster than the Internet’s was in the 90’s. It’s market cap is a shade over a trillion dollars. It has an enormous potential upside. It’s already too big to fail.”
Bitcoin latest bullish prediction
There are all kinds of optimistic crypto predictions these days, despite the massive volatility that we can see in the markets.
Lots of them are addressing the king coin, and the latest one regarding Bitcoin comes from Kraken’s Dan Held.
He just said that BTC is close to surpassing gold’s market cap.
Bitcoin will overtake the market cap of gold.
When this happens, 1 Bitcoin will be worth $475K.
— Dan Held (@danheld) September 2, 2021
This means, as you can see above that BTC will reach a price of $475k.
Stay tuned for more news, and make sure to keep your eyes on the market.