A cryptocurrency guru bets big on the future price of Bitcoin: what he said

A cryptocurrency guru bets big on the future price of Bitcoin: what he said

In a recent post on his X account (formerly Twitter), the expert shared an image in which you can clearly see the numbers that could represent his expectations about the next maximum price of Bitcoin.

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Michael Taylorfounder and president of MicroStrategya leading business intelligence company and a fervent advocate of Bitcoinhinted at what he expects to be the cryptocurrency’s next all-time high (ATH).

In a recent post on his X account (formerly Twitter), Saylor shared an image generated by artificial intelligence that shows a close-up of the right eye of a human face, accompanied by the message: “Keep your eyes on the prize. #Bitcoin”. In the image, you can clearly see the numbers 69, 98 and 89, which could represent your expectations about the next Bitcoin price peak.

Since August 2020, Saylor and MicroStrategy have made a significant bet on Bitcoin, acquiring 214,400 BTC to date, a decision that many considered risky at the time. During the month, Saylor sent a strong message to the market, stating that “It is increasingly clear that no other crypto asset will achieve institutional acceptance in this decade”. He backed up this claim by pointing to the January approval of a Bitcoin exchange-traded fund (ETF) in the United States, something he said would It will not happen with other cryptoassets.

Bitcoin and Michael Saylor

Saylor also commented on the upcoming decision by the SEC, the securities regulator in the United States, regarding the approval of an Ethereum ETF, whose deadline is May 23. He anticipated that the SEC will not approve this ETF, stating that “At the end of May, you will know that the Ethereum ETF will not be approved”.

According to Saylor, this decision will reflect the perception of Ethereum as a security and not as a commodity. He added that this categorization will be extended to other crypto assets such as BNB, Solana, Ripple and Cardano, also considering them unregistered securities, which will prevent their acceptance as ETFs.

Michael Saylor.jpg

This view contrasts with what some experts revealed After the strong rise in the last hours of Ethereum, it had its correlation with the statements of Eric Balchunasone of the most recognized specialists in investment funds worldwide, who announced through a publication on the social network X that ether ETFs in the United States are getting closer.

Despite admitting that “many years from now, anything can happen,” Saylor is clear that in the near future he only sees value in Bitcoin.

“Between the year 2024 and the year 2030, when the die is cast, the writing is on the wall: this is the winner of the network, simply the best crypto asset,” he stated. He hopes that as other projects fail, “everything in the cryptocurrency ecosystem is going to flow to the best network, Bitcoin,” due to its wide acceptance. He concluded by reiterating that “there is no second best crypto asset,” and emphasized that Bitcoin is the only digital commodity due to its decentralized nature.

Source: Ambito

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