Bitcoin will trade at $69,000 in the coming years: Michael Saylor.

Michael Saylor, the executive chairman and co-founder of MicroStrategy, forecasted that bitcoin would witness touching its all-time high of November 2021 (about $69,000) anytime in the coming four years.
The token will also surpass $500,000 anytime in the coming ten years.

Saylor is a blunt backer of Bitcoin, even though his firm is the biggest Bitcoin corporate holder. At the beginning of this week, it collected further 301 coins, taking up its whole stock to 130,000 Bitcoin.

The American entrepreneur and business executive Michael Saylor looks unbothered by the continuing crypto winter. After the massive decline and volatility in the market, he trusts bitcoin will touch its all-time high of $69,000 in the coming four years.

In his recent interview, he further predicted that Bitcoin would trade at $500,000 in the coming ten years with a market capitalization equal to that of gold.

“The next wise step for the leading cryptocurrency is to take the place of gold as a dependent store of value asset.

Apart from the noteworthy existing difference between the market capitalization of both assets is almost $11 trillion of gold and $365 billion of bitcoin. However, Saylor has always chosen crypto over any other asset.

In 2021, he mentioned the pros of Bitcoin and stated that it is 50x better than gold. This year, he took a stand on his words by claiming that crypto is undoubtedly better than the precious metal and everything that it wishes to be.” Rather than slipping to zero, Saylor predicted it would touch $1 million in the coming years.

MicroStrategy supports Bitcoin

Earlier, the firm communicated with BTC, paying $6 million to have 301 coins that cost $19,851 per asset on average. So, the Nasdaq registered company’s crypto holdings hiked to 130,000 Bitcoin.

MicroStrategy is now facing inherent loss because of the recent market downturn. Over the past few years, it paid almost $4 billion to collect its store, and now the amount stands at almost $2.5 billion.

The stakes of the firm have also experienced a downfall in the last few months. In November 2021, the MSTR stock stood at $800, and now they swing below $200.