{"id":5617,"date":"2023-06-14T05:41:40","date_gmt":"2023-06-14T09:41:40","guid":{"rendered":"https:\/\/sikaoer.com\/michael-saylor-predicts-bitcoins-10x-surge-lies-ahead\/"},"modified":"2023-06-14T05:41:40","modified_gmt":"2023-06-14T09:41:40","slug":"michael-saylor-predicts-bitcoins-10x-surge-lies-ahead","status":"publish","type":"post","link":"https:\/\/sikaoer.com\/michael-saylor-predicts-bitcoins-10x-surge-lies-ahead\/","title":{"rendered":"Michael Saylor Predicts Bitcoin&#8217;s 10X Surge Lies Ahead"},"content":{"rendered":"<p> <br \/>\n<br \/><\/p>\n<div>\n<p><strong>The co-founder of MicroStrategy and noted Bitcoin maximalist, Michael Saylor, believes the only way for Bitcoin is up. In a recent interview with Bloomberg Crypto, he was just as dismissive of altcoins as ever.<\/strong> <\/p>\n<p>Saylor pulled no punches in his Bloomberg interview on Tuesday. He opened his comments by confirming that MicroStratgy sees Bitcoin as the \u201conly institutional grade investable asset in the crypto space.\u201d<\/p>\n<h2 id=\"h-bitcoin-is-the-only-game-in-town-says-saylor\">Bitcoin Is the Only Game in Town, Says Saylor<\/h2>\n<p>Not only is Bitcoin the only option for crypto investors, but for this particular currency, the sky is the limit, Saylor argued:<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cNow I think the public is beginning to realize that Bitcoin is the next Bitcoin. The next logical step is for Bitcoin to 10x from here, and then 10x again. Eventually, I have confidence that the crypto exchanges will come round and realize that Bitcoin really is the dominant asset in this space.\u201d<\/p>\n<\/blockquote>\n<p>Saylor also pointed out that Bitcoin\u2019s dominance has risen from approximately 40 to 48 percent this year alone. Bitcoin dominance refers to its market share compared to that of all other cryptocurrencies. \u201cWhen the stablecoins and the tokens go away, that long-term dominance is headed for 80 percent,\u201d he added.<\/p>\n<p>Michael Saylor has long been a Bitcoin maximalist\u2014someone who advocates for Bitcoin above all other cryptocurrencies\u2014even using the term to describe himself last year. Maximalists\u00a0(or \u201cmaxims\u201d) actively distinguish altcoins from Bitcoin. Frequently viewing them as pale imitations of the original cryptocurrency, if not outright scams.<\/p>\n<h2 id=\"h-saylor-praises-the-clarity-from-the-sec\">Saylor Praises the Clarity From the SEC<\/h2>\n<p>Saylor also blamed the lack of institutional investment in the space on \u201cconfusion and anxiety.\u201d <\/p>\n<p>\u201cWhen that disappears, you are going to see mega amounts of money flow into this space,\u201d Saylor added. \u201cAnd the business models [of the crypto exchanges] will be fine. Just focus on Bitcoin.\u201d<\/p>\n<p>Perhaps unsurprisingly, Saylor touted the upcoming Bitcoin halving, the increased hash rate, and the \u201cclarity that has come from the SEC\u201d as fuel for the next bull run. Last week, in its action against Binance, the SEC labeled several top altcoins as securities.\u00a0<\/p>\n<div class=\"clear-both p-3 my-5 border rounded-md notice text-4 border-grey-500 font-body dark:border-grey-700\">\n<h3 class=\"mb-3 font-medium leading-none text-blue-700 uppercase dark:text-lime-600 text-4 lg:font-bold lg:text-5\">Disclaimer<\/h3>\n<p>In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.<\/p>\n<\/div><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/beincrypto.com\/next-step-bitcoin-10x-michael-saylor\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The co-founder of MicroStrategy and noted Bitcoin maximalist, Michael Saylor, believes the only way for Bitcoin is up. In a recent interview with Bloomberg Crypto, he was just as dismissive of altcoins as ever. Saylor pulled no punches in his Bloomberg interview on Tuesday. He opened his comments by confirming that MicroStratgy sees Bitcoin as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.6 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Saylor Predicts Bitcoin&#039;s 10X Surge Lies Ahead - Sikaoer - The Best Crypto News Site.<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sikaoer.com\/michael-saylor-predicts-bitcoins-10x-surge-lies-ahead\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Michael Saylor Predicts Bitcoin&#039;s 10X Surge Lies Ahead\" \/>\n<meta property=\"og:description\" content=\"The co-founder of MicroStrategy and noted Bitcoin maximalist, Michael Saylor, believes the only way for Bitcoin is up. 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