Michael Saylor, co-founder and the governmentchairman of the MicroStrategy huge, has addressed the Bitcoin community regarding the aim of Bitcoin in the cash evolution.
“Bitcoin is fitter cash”: Saylor
Saylor has historically published a Bitcoin-themed tweet with an AI-generated image of himself. This time, he is standing on the financial institution of the ocean on a tropical island and is keeping an limitless stone circle shaped cherish a coin with a hole in the center spherical his neck.
This stone circle likely symbolizes cash and the whole early forms of money identified by humanity. The tweet itself says: “Bitcoin is fitter cash,” meaning that Saylor believes Bitcoin surpasses all seashells, slightly stones, skins, and masses others which were aged as cash since humans invented this suggests of substitute.
#Bitcoin is Better Cash pic.twitter.com/WYitSIICRf
— Michael Saylor⚡️ (@saylor) December 12, 2024
As of this writing, Bitcoin is buying and selling at $101,365 per coin after demonstrating a 7.33% develop over the past two days and getting better from the $94,500 zone.
Bitcoin to hit $200,000 subsequent year: Bitwise Invest’s Ryan Rasmussen
The pinnacle of compare at Bitwise Invest Ryan Rasmussen published an X post, in which he shared loads of honest appropriate-looking crypto impress predictions for the year 2025. One in every of them was about the world’s perfect cryptocurrency Bitcoin.
Rasmussen shared an outlook that in 2025, Bitcoin would surge to hit $200,000 after it lastly broke above the $100,000 level in December this year. He shared a list of the catalysts they demand to gasoline that impress surge. That list included companies procuring for BTC, the creation of the US Strategic Bitcoin Reserve, the come of the regulatory and political climate, the tightening of the Bitcoin supply because the 2024 halving, and some distance better discipline ETF inflows.
Prediction #1: Bitcoin, Ethereum, and Solana hit new all-time highs, with Bitcoin buying and selling above $200k.
Our targets:
$200k BTC: Corp/gov procuring for, ETF flows, & 2024 halving
$7k ETH: Development in L2s, stablecoins, & tokenization
$750 SOL: Memecoins & migration of “serious” initiatives pic.twitter.com/GfMkyGEGr0
— Ryan Rasmussen (@RasterlyRock) December 11, 2024
There were also hurdles he shared: governments promoting Bitcoin, leverage blowout, disappointing price cuts.
As for Michael Saylor, he believes that in ten years from now, Bitcoin will be with out problems price $13 million per coin as this would possibly per chance well trust taken away fragment of gold’s market share by then.
