Bitcoin (BTC) is currently experiencing a strong resurgence, providing an opportunity for Michael Saylor, the co-founder of MicroStrategy, to share his thoughts on its future. Saylor is known for his bullish predictions about BTC and his recent comments suggest that the current price of BTC is still below its “true” valuation.
Saylor’s analysis is based on thorough research and not just speculation. He believes that BTC’s current price is still below 0.06 million dollars, indicating that there is room for further growth. This recent surge has seen BTC break the $50,000 resistance and reach a valuation of $52,200, with a weekly rise of 16.66%.
According to Saylor, this surge is just the beginning. He predicts a short-term goal of $60,000 and a long-term goal of close to 1 million dollars, a projection shared by other industry leaders such as Cathie Wood. Saylor’s company, MicroStrategy, has also accumulated a significant BTC portfolio, making them one of the biggest BTC whales.
Despite a slight market reaction to the Federal Reserve’s decision to maintain interest rates, analysts remain positive about BTC’s future prospects. However, it should be noted that the views expressed in this article are solely those of the author and should not be taken as investment advice.
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