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Bitcoin News Alerts | Daily BTC News

1054: MICHAEL SAYLOR DOUBLES DOWN ON $500K BITCOIN, SAYS NEXT LOGICAL STEP FOR BTC IS TO REPLACE GOLD!!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 23 September 2022

⏱️ 21 minutes

🧾️ Download transcript

Summary

MicroStrategy’s Michael Saylor thinks Bitcoin will reach $500K - $1,000,000 per coin in the next years if it matches the market capitalization of gold. “The next logical step for bitcoin is to replace gold as a non-sovereign store of value asset.” Last year, he outlined the merits of the king crypto (BTC) and claimed that it is 50 times better than the precious metal. This summer, he doubled down on that stance, saying the asset is “obviously better than gold and everything that gold wants to be.” Instead of going to zero (as some might predict given its recent price decline), Saylor envisioned it will shoot up to $1 million in the years to come. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

In today's show, this Bitcoin long-term hoddler metric is nearing the Bitcoin price bottom zone.

0:05.3

That's right. It's signaling that a market bottom could be close. Also, breaking news just in,

0:10.2

Singapore's largest bank, to offer Bitcoin to 100,000 more clients to meet increased demand,

0:15.5

as well as Russia approving the use of Bitcoin in crypto for cross-border payments. Also check this out. Bitcoin

0:21.9

went from $43,000 to $19,000 in the last six months. That means 77.7% of all the Bitcoin did not even move where my diamond hands at.

0:31.4

And as Plan B shares here, all assets go down when interest rates rise as fast as in 2022, stocks, bonds, real estate, gold, and even

0:38.8

Bitcoin, but the decline will not last forever and probably reverses suddenly.

0:43.1

What do you think the trigger for the next pump will be?

0:45.8

Including Max Kaiser, the total addressable market for Bitcoin would be $400 trillion.

0:50.6

That's the total sum of the global financialized world.

0:53.4

Bitcoin will eat that essentially.

0:55.3

So we're going to see a lot higher prices, one to two million dollars per BTC. Also in today's show,

1:00.7

XRP price breaks out a range with now a 50% rally in the past week. We'll be discussing why. And did

1:06.7

you know that Ripple will spend over $100 million defending itself against the SEC in their XRP lawsuit?

1:12.7

Crazy, right?

1:13.6

Also in today's show, banking giant with nearly $450 billion and assets under management launches their crypto, venture capital arm.

1:21.6

According to a new company press release, Nomoral Holdings, which has nearly 450 billion in assets under management, announced that

1:27.9

Laser Digital will serve as its new crypto business. Also in today's show, Bitcoiners looking

1:33.5

for Moon or Doom should do one thing until 2023, says crypto analysts. Me Calvin Day Pop,

1:39.1

quitting him here. People are literally waiting for. So now Bitcoin, Moon, or Doom, we simply

1:44.1

can't tell so fast after such an event.

1:46.5

It requires some time.

...

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