Why is Michael Saylor so Bullish on Bitcoin?Because he thinks it’s about to 10x to $350,000 dollars a coin.
In Michael Saylors latest two interviews, he explained why he’s so bullish on Bitcoin over the next 12 months.
It all comes down to the perfect storm of the Bitcoin ETF & the Bitcoin halving. Supply contracting at the same time as demand increasing. ⛈️
Saylor put it like this:The majority of the natural sellers of Bitcoin are Bitcoin miners. They must sell to cover their electricity & capital costs.
Currently, this selling equates to ~$12 billion a year.
Following the Bitcoin halving in April 2024, this natural selling will be cut to ~$6 billion a year.
This huge cut in supply is happening at the same time as the spot Bitcoin ETF is coming onto the market.
A massive contraction in supply plus a huge bump in demand? That’s unprecedented on Wall Street.
Make sure to stick around to the end of the video where Saylor breaks down the spot Bitcoin ETF and why that’s going to bring a tsunami of institutional capital to BTC.
About Michael Saylor:
Michael J. Saylor is an American entrepreneur and business executive, who co-founded and leads MicroStrategy, a company that provides business intelligence, mobile software, and cloud-based services.
