As per Bijié Wǎng, Michael Saylor emphasized Bitcoin's exponential growth trajectory, noting that Strategy (formerly MicroStrategy) spent more fiat to buy fewer BTC. Saylor, in a recent podcast, stated that if Strategy buys 5% of the Bitcoin supply, the price could reach $1 million, and if it buys 7%, it could hit $10 million. Strategy has already purchased 671,268 BTC at an average price of $74,972, totaling $50.3 billion. Saylor also highlighted that Bitcoin's price increases require more fiat to acquire the same amount of BTC, and he plans to continue buying until reaching 5% to 7.5% of the total supply.
Michael Saylor Predicts Bitcoin Could Hit $1M to $10M as Strategy Buys 3.2% Supply
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Summary
Bitcoin price prediction from Michael Saylor suggests the asset could reach $1 million or even $10 million if Strategy buys 5% to 7% of the supply. Strategy has already acquired 671,268 BTC at $74,972 on average, totaling $50.3 billion. Saylor said Bitcoin price today reflects the need for more fiat to buy the same amount of BTC, and he plans to keep buying until reaching 5% to 7.5% of the total supply.
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