1065: MICHAEL SAYLOR SAYS BITCOIN IS 100X BETTER THAN GOLD AND WILL EXPLODE TO $500K PER BTC!!

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3.6 • 626 Ratings

🗓️ 5 October 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Michael Saylor, the chairman and cofounder of software company turned Bitcoin acquisition vehicle MicroStrategy, has predicted the value of the king crypto (BTC) will overtake gold within ten years - potentially giving Bitcoin a $500,000 price and a market capitalization of $10 trillion. "The next logical stop for bitcoin is to replace gold as a non-sovereign store of value asset," Saylor told MarketWatch this week, adding gold is a $10 trillion asset. "Bitcoin is digital gold, it's 100-times better than gold and if bitcoin goes to the value of gold it goes to $500,000 per bitcoin." Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:49.9	In today's show, Bitcoin still has a $14,000 target,
0:53.5	warrants trader, as the US dollar index is due, for a problem break, including crypto analysts, crypto capo.
0:59.9	Local top is not yet, in my opinion, but it is very, very close.
1:04.0	20,500 to 21,000 hasn't been touched, and there is no low time timeframe distribution, expecting the last leg up soon,
1:11.5	then low time frame barrier signs and reversal to new lows between $14,000 and $16,000,
1:16.8	including material indicators. Bitcoin is still on a congested range. The retest of technical
1:21.5	resistance at the 50-day moving average was rejected. Now I want to see a retest of support
1:26.2	at the 2017 top. Bulls may be losing
1:28.7	momentum, but placed a buywall at 20,000 to hold the price up watching fire charts for rugs.
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1:39.9	meaning the Bitcoin network is now more secure than ever. Also in today's show, Elon Musk's deal
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