Michael Saylor, a prominent advocate for Bitcoin, has emphasized the significant shift in Wall Street's attitude towards the cryptocurrency, highlighting its potential for explosive growth. In a recent interview, Saylor noted that Bitcoin's market capitalization could rise dramatically, estimating it could reach anywhere from $1 trillion to $100 trillion. He pointed out that there is currently $450 trillion in traditional assets, contrasting it with Bitcoin's $1 trillion market cap. Saylor also revealed that he is managing $800 million in raised funds while observing Bitcoin's price below $69,000. His comments reflect a broader trend of institutional backing for Bitcoin, driven by regulatory changes and support from major financial players like BlackRock. Saylor's enthusiasm for Bitcoin is evident, as he stated, "It's either going to zero or a million!"
Michael Saylor holding $800 million in raised money, looking at #Bitcoin below 69K https://t.co/XkVzZGGegp
"We think Bitcoin is going from a trillion to 10 trillion to 100 trillion... it's basically everybody's Holy Grail" — Michael Saylor (@saylor) https://t.co/jzopa3unH0
JUST IN: Michael Saylor explains why Wall Street is betting big on #Bitcoin: "It's either going to zero or a million!" 🚀 https://t.co/2xMZhlfat8