What is Bitcoin’s Endgame? MicroStrategy’s Saylor Has a Prediction

Michael Saylor, chairman of MicroStrategy, has predicted that Bitcoin (BTC) could reach $10 million per coin. He bases this forecast on the anticipated growth of digital credit instruments built on the Bitcoin network, which he believes will drive long-term price appreciation and attract significant capital. Saylor envisions Bitcoin becoming the world's primary reserve asset and store of value as these credit instruments, referencing BTC as collateral or a settlement layer, gain global adoption. Despite this optimistic outlook, Saylor's prediction faces pushback from critics like Peter Schiff, who points to the risks of MicroStrategy's leveraged approach and Bitcoin's volatility, questioning its suitability as a reserve asset. Other observers note that such a price target implies a massive shift in global savings and requires sustained institutional inflows over decades.

(Source：BeInCrypto)