Michael Saylor, executive chairman of MicroStrategy and a prominent crypto bull, just outlined 21 rules of HODling Bitcoin. Some of them might seem quite trivial. Yet, some of them are absolutely brilliant. Check them out. Saylor was a gem of the recent BTC Prague conference. His keynote was captivating. And some of the things he said might have a huge impact on the market. At least in short terms. What's worth at least Saylor's fantastic prediction of Bitcoin reaching the $8 million per coin mark Or not so fantastic? But another part of his speech might have a bigger impact in long terms. Saylor presented his vision of “21 Rules of HODLing Bitcoin.” Biggest bull on the market, Saylor outlined strategies for managing and sustaining investments in a highly volatile environment. He articulated a philosophical and strategic framework for understanding and investing in BTC. According to Saylor, Bitcoin is so much more than just money. Saylor thinks of Bitcoin as of a financial asset but as a revolutionary tool capable of reshaping global financial paradigms. These rules were consisely summarized by Luke Broyles and published via X. Here they are with comments from market observers. 21 rules of HODLing Bitcoin, according to Michael Saylor #1 “Those who understand buy Bitcoin, those who don’t criticize Bitcoin,” Saylor declared, setting the tone for his discourse on the dichotomy between skeptics and proponents. He argued that recognizing BTC’s potential is akin to seeing a paradigm shift before it fully unfolds. #2 "Everyone is against #Bitcoin  before they are for it." Reflecting on his initial dismissive stance in 2013, Saylor recounted how his view evolved as BTC’s resilience and potential became increasingly evident. His personal journey from skepticism to advocacy underscores a common path among investors who often transition from doubt to strong support. #3 "You will never be done learning about Bitcoin,” Saylor stated, emphasizing the complexity and ever-evolving nature of the cryptocurrency. He suggested that BTC’s intersection with global economics, technology, and regulatory frameworks makes it a perpetually relevant subject for study. #4 Drawing historical parallels, Saylor highlighted moments of significant upheaval, such as WWII and the rise of communism in Europe, to illustrate BTC’s value as a non-geopolitical, stable store of wealth. “Buy BTC because entropy is guaranteed,” he asserted, suggesting that Bitcoin provides a safe haven in times of disorder. #5 According to Saylor, BTC offers an equitable opportunity in contrast to traditional financial systems, which he views as inherently skewed against the average person. “Bitcoin is the only game in the casino that we can all win,” he noted, framing it as a uniquely fair and transparent financial instrument. #6 He advised taking a proactive approach to investment, saying, “Bitcoin won’t protect you if you don’t wear the armor.” This analogy was used to encourage substantial, thoughtful investment in Bitcoin to safeguard one’s financial future. #7 Saylor passionately argued that Bitcoin enables a form of ownership unmediated by any third party: “Your cryptographic keys in your head are your wealth.” This, he claimed, is a radical shift from the way assets have been controlled and protected throughout history. #8 Reflecting on the volatility and growth trajectory, Saylor shared a personal anecdote on how he dismissed BTC at $892 to only deserve buying it at $9,500 for the first time. “Everyone gets Bitcoin at the price they deserve,” he remarked. “He then said when Bitcoin is $950,000 people will try to wait for it to crash to $700,000. Then BTC would go to $8,000,000,” Broyles reiterated. #9 Saylor advised only investing money that one can afford to lose, highlighting the conservative approach to adopting new financial technologies. This rule underscores the balance between visionary investment and financial prudence. #10 Describing fiat currencies and traditional economic indicators as “the matrix,” Saylor championed Bitcoin as a means to transcend conventional financial systems. He sees it as not just a technology but a liberation from the restrictive narratives imposed by traditional economic structures. #11 Saylor shared insights from personal experiences where Bitcoin’s impact on his company’s financial stability was profound. “Without BTC, MSTR would have failed,” he disclosed, illustrating the direct impact of strategic Bitcoin investments on corporate finance. #12 Saylor projected a conservative 24% compound annual growth rate (CAGR) over the next decade, setting a potential valuation benchmark and underscoring his confidence in BTC’s sustained growth. Notably, this would price BTC at $600,000 by 2034. #13 Saylor described the current economic system as flawed, seeing BTC as a cure for these inherent issues. “The cure to economic illness is the orange pill,” he said, promoting it as a revolutionary technology that offers a radical update to outdated economic practices. #14 Rather than attacking the fading fiat system, Saylor urged for a positive approach: “Be for Bitcoin, not against fiat,” emphasizing the importance of building a new system rather than destructively opposing the old. #15 According to Saylor, “Bitcoin is for everybody.” He projected that digital capital like BTC could eventually represent half of all value in a future, yet-to-be-imagined world economy, which would significantly drive up its price. #16 “Learn to think in Bitcoin,” Saylor advised, encouraging a shift in perspective to view future technologies and paradigms through the lens of BTC, rather than trying to fit new innovations into old frameworks. #17 “You don’t change Bitcoin, it changes you.” Saylor highlighted how BTC challenges individuals to rethink their approach to money, value, and investment on a global scale. #18 “Laser eyes protect you from endless lies.” Saylor underscored the importance of maintaining focus on the long-term potential, especially when its market price reaches landmarks like $100,000 or $1 million. He envisioned a future where BTC’s market cap could escalate to between $100 trillion and $500 trillion. #19 He cautioned, “Respect Bitcoin or it will make a clown of you.” This rule was a warning against underestimating BTC’s impact and the foolishness of mocking an emerging financial technology that has substantial backing and proven resilience. #20 “You do not sell your Bitcoin.” Saylor likened selling BTC to self-sabotage, suggesting that it is a foundational asset for long-term financial security, much like a life raft in an ocean or a fire in winter. #21 Finally, Saylor concluded with, “Spread Bitcoin with love.” He stressed the importance of patience and kindness in promoting BTC, especially towards those who are initially critical or dismissive of its benefits.

Some people just can’t stop telling us that Bitcoin’s next incredible peak is literally just around the corner.  Bitcoin, the pioneer of cryptocurrencies, has been a topic of heated debate since its inception in 2009. While some dismiss it as a speculative bubble, others hail it as the future of finance.  Amidst the cacophony of opinions, there are notable optimists who stand firm in their belief that Bitcoin will revolutionize the financial landscape.  Let’s delve into the reasons behind Bitcoin's volatility, the varied predictions for its future, and highlights ten high-profile optimists who have made bold predictions about Bitcoin recently. Why predictions vary so much But firstly let’s try to understand why Bitcoin provides so much basis for a wide variety of predictions. The legendary volatility of Bitcoin Bitcoin's price swings are legendary. One day it’s hailed as digital gold, the next, it’s branded as a speculative bubble.  Several factors contribute to this volatility: Market Sentiment: News, both good and bad, can cause drastic price changes. Regulatory news, technological advancements, and macroeconomic factors all play a role. Liquidity: Compared to traditional assets, Bitcoin has lower liquidity. Large trades can significantly impact its price. Speculation: A significant portion of Bitcoin trading is speculative, leading to rapid price swings. Regulatory Environment: Uncertainty around regulatory policies globally adds to the volatility. Market Maturity: As a relatively new asset class, Bitcoin is still finding its footing, leading to instability. Reasons why some believe Bitcoin might rise The prophets of Bitcoin's rapid and explosive growth are not optimistic out of the blue. Their conviction is based on a number of factors that were originally mentioned by Bitcoin's legendary founding father Satoshi Nakamoto. Here are those few crucial factors: Scarcity: With a maximum supply of 21 million coins, Bitcoin's limited supply could drive up prices. Institutional Adoption: Increasing interest from institutional investors lends credibility and stability. Hedge Against Inflation: Seen as digital gold, Bitcoin is considered a hedge against fiat currency devaluation. Technological Innovation: Improvements in blockchain technology and increased use cases boost confidence. Growing Acceptance: More merchants and platforms accepting Bitcoin as payment add to its legitimacy. Network Effect: As more people use Bitcoin, its value and utility increase. Decentralization: Lack of central control makes it appealing in a world of mistrust in traditional financial systems. Public Awareness: Greater understanding and media coverage drive interest and investment. Global Reach: Bitcoin is accessible worldwide, providing financial services to the unbanked. Resilience: Despite numerous challenges, Bitcoin has survived and thrived, demonstrating its robustness. Ten high-profile predictions for Bitcoin In the last year alone, many famous personalities have regaled us with a whole set of sparkling predictions about the future of Bitcoin. Jack Dorsey The co-founder of Twitter and Square remains a steadfast Bitcoin advocate. Sometimes he predicts that Bitcoin will become the world’s single currency within a decade. Sometimes he just names the number Bitcoin price will reach. Last time it was $1,000,000. Dorsey’s companies have invested heavily in Bitcoin, signaling his long-term confidence. Robert Kiyosaki The author of "Rich Dad Poor Dad" believes Bitcoin will hit $500,000 by 2025. Kiyosaki views Bitcoin as a hedge against economic instability and a critical component of financial literacy. Cathie Wood CEO of ARK Invest, Wood predicts Bitcoin could reach $500,000 by 2026. She argues that increased institutional adoption and Bitcoin’s role as a hedge against inflation will drive this growth. Michael Saylor CEO of MicroStrategy, Saylor has led his company to acquire over 100,000 Bitcoins. He forecasts Bitcoin reaching $1 million within five years, citing its superior store of value properties compared to gold. Tim Draper The venture capitalist maintains his prediction that Bitcoin will reach $250,000 by the end of 2024. Draper highlights Bitcoin's increasing adoption and its potential to transform several industries. Tom Lee Co-founder of Fundstrat Global Advisors, Lee believes Bitcoin could surge to $200,000 in the next few years. He points to macroeconomic factors and growing institutional interest as key drivers. Raoul Pal Former Goldman Sachs executive and founder of Real Vision, Pal predicts Bitcoin could hit $1 million by 2030. He emphasizes Bitcoin’s potential to become the global reserve asset. Anthony Pompliano Co-founder of Morgan Creek Digital, Pompliano forecasts Bitcoin reaching $500,000 by 2025. He bases his prediction on the exponential growth of Bitcoin’s adoption and its fixed supply. Mark Yusko CEO of Morgan Creek Capital Management, Yusko projects Bitcoin will hit $400,000 over the next decade. He believes Bitcoin's market cap will surpass gold's as it becomes a primary store of value. Mike Novogratz Founder of Galaxy Digital, Novogratz predicts Bitcoin will reach $500,000 by the end of 2024. He attributes this to increasing institutional investment and Bitcoin’s fixed supply limiting inflationary pressures. Conclusion The future of Bitcoin remains a hotly contested topic, with significant variation in predictions even among its staunchest supporters.  However, the high-profile optimists outlined above provide a compelling case for Bitcoin’s potential to achieve remarkable valuations.  Each of these optimists brings a unique perspective to the potential future value of Bitcoin, often combining a mix of economic insight, technological passion, and sometimes, a good dash of wishful thinking. Their bullish forecasts share a common thread: a firm belief in Bitcoin's transformative potential—a true digital gold rush in the making. Whether Bitcoin will fulfill these lofty expectations remains to be seen, but its journey will undoubtedly continue to captivate the financial world.