Unpacking Michael Saylor’s latest Bitcoin forecast of $10M per coin
How does Saylor compare traditional currency to Bitcoin?
Saylor compares traditional currency to Bitcoin by referring to the former as "imperfect money" and the latter as "perfect money." He notes that once a crisis hits, whether at the family, corporate, business, or national level, people become more open to Bitcoin. He also refers to Bitcoin as "economic immortality" and believes it will eventually reach a price target of $10 million per coin.
How does the Power Law model support Saylor's Bitcoin forecast?
The Power Law model supports Michael Saylor's Bitcoin forecast of $10 million per coin by projecting future price growth based on historical trends captured on a logarithmic scale. The model suggests that after 2028, the price will never drop below $100,000 and will reach $1 million per bitcoin between 2028 and 2037. However, the model has its assumptions and limitations, and should not be followed blindly.
What is Michael Saylor's latest Bitcoin price forecast?
Michael Saylor's latest Bitcoin price forecast is $10 million per coin, which he refers to as "economic immortality." He believes that perfect money is achieved through Bitcoin, unlike traditional currency, which he considers imperfect money with a short, brutal life. Saylor's projection is supported by the Power Law model, which predicts the price reaching $1 million per Bitcoin no earlier than 2028 and no later than 2037.