953: MICHAEL SAYLOR BETS ON $1 MILLION BITCOIN AND SAYS SKEPTICS ARE WRONG, IT’S NOT GOING TO ZERO!!

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3.6 • 626 Ratings

🗓️ 10 June 2022

⏱️ 21 minutes

🔗️ Recording | iTunes | RSS

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Summary

Unapologetically bullish Bitcoin bull and MicroStrategy CEO Michael Saylor, whose own comments to mainstream media firmly brushed aside any suggestion of permanent price downside, says the king crypto (Bitcoin) is going to a million dollars per coin. Those who claimed that Bitcoin would be banned or go to zero, he told CNBC on June 8, had already been “discredited.” “If the deniers are wrong and the skeptics are wrong — and it’s pretty obvious they’re both wrong at this point — it’s not going to zero, and if it’s not going to zero, it’s going to a million,” Saylor forecast. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	In today's show, $30,000 Bitcoin price has a severe impact on Bitcoin minor profits, according to this latest analysis, by CryptoQuant, quoting them here.
0:08.4	If depreciation and mortization charges are included, then the cost basis for mining Bitcoin is at around $30,000, basically at the same level as the current Bitcoin price.
0:18.0	And as Plan B shares here, it shows you the current Bitcoin price at
0:20.8	30,000 equals 16 ounces of gold at $1,450. Bitcoin seems a bit undervalued, in my opinion.
0:27.6	And quoting rec capital, anything below $35,000 represents a period that has historically preceded
0:33.7	outsized returns on investment for long-term Bitcoin investors. And as shared here by
0:38.4	Crypto Rover, everyone who is waiting for a $20,000 will end up buying Bitcoin above $100,000.
0:44.5	And this just in breaking news, Jack Dorsey and Jay-Z, the fund Bitcoin education for public
0:49.0	housing residents in New York. Here's Jay-Z's tweet here. Shout out to Jack, Bitcoin Academy,
0:55.2	started in Marcy, a place that taught me so much. It's Jay-Z's tweet here. Shout out to Jack. Bitcoin Academy started in Marcy,
0:59.6	a place that taught me so much is hopefully the first of many. The simple goal is to provide people tools to build independence for themselves and then the community around them. Also in today's
1:04.3	show, Global Bitcoin adoption to hit 10% by 2030, according to this latest Blockware report,
1:10.1	quoting them here, all disruptive technologies
1:12.2	follow a similar exponential S-curve pattern, but newer network-based technologies continue to be adopted
1:18.1	much faster than the market expects. When Bitcoin direct, financially incentivized adoption
1:23.1	creates a game theory in which everyone's best response is to adopt Bitcoin. Also in today's show,
1:28.3	Bitcoin will finish 2022 flat, possibly up, says Thomas Lee, as Michael Saylor bets on a $1 million,
1:34.0	Bitcoin price, quoting Tom Lee from a recent interview on CNBC, Bitcoin is acting far better
1:38.7	than people expected, says Tom Lee on sticking with Bitcoin. It's a risk on asset, so to the extent
1:43.6	the NASDAQ and Bitcoin
1:44.8	rally, it's helping us be more comfortable that the market has already bottomed. And quoting Michael
1:49.5	Saylor, if the deniers are wrong and the skeptics are wrong, and it's pretty obvious, they're both
	...

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