Michael Saylor, MicroStrategy's executive chairman, and a frantic crypto bull, has made some new bold claims about Bitcoin's future. Saylor predicts Bitcoin will reach $10 million per coin. Yes, you got that right. $10 million.
His comments came during a podcast interview with Robin Seyr.
He believes China will fully embrace the cryptocurrency.
"The cost of Bitcoin's going to go up to 10 million dollars a coin," Saylor stated. He added, "Perfect money is economic immortality. Imperfect money is: we all have a short, brutal life."
Saylor views Bitcoin as a corporate immortality mechanism. He posed the question: "What if I told you I could make your company live forever?"
He argues that Bitcoin has rendered previous economic models obsolete. "Economics is pseudoscience before Satoshi," Saylor asserted. "It's a quasi-religious liberal art, and it's full of people's opinions and prejudices and biases."
Saylor contends that Bitcoin investment could extend corporate longevity. "The average life expectancy of a corporation is something like 10 years," he noted.
He elaborated on the potential impact: "We're talking about eliminating corporate mortality; we're talking about stretching economic vitality easily by a factor of 10, maybe by a factor of a hundred, maybe by a factor of a million."
Saylor strongly believes we will see widespread adoption of Bitcoin in not so distant future, and he specifically mentioned China's potential embrace of the cryptocurrency. Which might sound a little confusing, given how harshly Chinese authorities treat the crypto market.
And as usual, Saylor's statements reflect his strong belief in Bitcoin's transformative power for both corporations and national economies. Yet, the traditional financial experts and analysts find it hard to seen anything beyond bullish speculations in Saylor's words.