1056: BITCOIN WILL HIT $500K, IT’S 100 TIMES BETTER THAN GOLD, SAYS MICHAEL SAYLOR!!

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Bitcoin News Alerts

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3.6 • 626 Ratings

🗓️ 25 September 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite the fact that Bitcoin has lost over 73% of its value since its all-time high in 2021, BTC bull and MicroStrategy co-founder and CEO Michael Saylor is unfazed. “I think that the next logical stop for Bitcoin is to replace gold as a non-sovereign store of value asset and gold is a $10 trillion asset as we speak. Bitcoin is digital gold, it’s 100x better than gold,” Saylor said during the Money Festival hosted by MarketWatch on Wednesday. “The half-life of money in crypto is forever. You can move it on billions of computers at the speed of light. So if Bitcoin goes to the value of the yellow metal, it’s going to $500,000 per coin, and I think that happens this decade,” Saylor pointed out. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Oh, that's my prime delivery.
0:01.6	What, already?
0:02.6	Only one thing can match the buzz of Prime's fast delivery.
0:06.2	And that's the buzz of Prime's entertainment.
0:09.0	What are we watching?
0:09.7	Heads of state, that new action comedy with Idris Elbert as the Prime Minister,
0:13.3	John Sina as the president, and Prianka Chopra Jonas, as their only hope.
0:17.0	It looks like a blast.
0:18.0	From fast delivery to explosive entertainment, it's on Prime.
0:22.5	For only $899 a month, join now. Content includes limited ads, subscription, or two news.
0:27.5	For more information, go to Amazon.com.com.com.com. Risk the worst weekly closed since 2020
0:33.5	as Bitcoin price dices with $19,000, including crypto analysts me Calvende Pop.
0:39.2	Bitcoin on a narrow range here, which means that volatility is going to kick in during the next week.
0:44.1	Why?
0:44.6	We've got a ton of volatility across markets as things are breaking.
0:48.6	Currencies, energy, commodities, EuroCPI, and USPCE test of 19,500.
0:57.1	Breakout likely. Also be sharing the latest from Plan B,
1:02.8	who recently predicted a $100,000 to $1 million Bitcoin price within the next three years.
1:09.0	And check this out, the FDIC reserve ratio currently stands at 1.25%, meaning the FDIC only has enough currency to cover a tiny fraction of all bank deposits.
1:12.8	Confidence is the only thing holding up.
1:14.8	This House of Cards, and quitting Tim Draper, inflation continues to rear its ugly head.
1:19.3	Bureaucrats are playing with our livelihoods, jobs, prices, etc.
	...

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