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Michael Saylor, the co-founder and executive chairman of MicroStrategy, recently discussed Bitcoin’s potential in an podcast interview with Robin Seyr. He predicted that Bitcoin could reach $10 million per coin and asserted that eventually China will be supporting the flagship cryptocurrency.
Saylor confidently stated, “The cost of Bitcoin’s going to go up to ten million dollars a coin.” He elaborated on the distinction between perfect and imperfect money, emphasizing that perfect money represents “economic immortality,” whereas imperfect money leads to “a short, brutal life.”
Saylor believes Bitcoin will revolutionize finance, making previous economic systems obsolete. He described pre-Bitcoin economics as a “quasi-religious liberal art” full of biases. According to Saylor, economists before Satoshi Nakamoto, Bitcoin’s creator, were merely guessing the laws of economics with primitive tools like seashells and glass beads.
He argued that companies investing in Bitcoin could achieve unprecedented longevity. “The average life expectancy of a corporation is something like 10 years,” Saylor said. He suggested that Bitcoin could extend a company’s economic vitality by factors of ten, a hundred, or even a million.
Saylor also predicted that the Chinese government and its people would eventually embrace Bitcoin. He confidently foresaw a future where a single Bitcoin would be worth $10 million.
In related news, Saylor’s MicroStrategy last week announced the addition of $786 million in Bitcoin to its stack.
Watch the full interview here: