Core Viewpoint - Michael Saylor, founder and executive chairman of Strategy, remains bullish on Bitcoin, predicting it could reach $150,000 by the end of 2025 and $1 million by the end of 2029, implying a potential gain of 1,049% from current levels [3][8] Group 1: Price Predictions - Saylor's predictions are notable given Bitcoin is currently trading over 30% below its all-time high [2] - The forecast includes a significant price rally, with expectations of reaching $150,000 by 2025 and $1 million by 2029 [3][8] Group 2: Key Assumptions for Price Targets - A critical assumption is the acceleration of institutional adoption of Bitcoin, which began in 2023 with Wall Street recognizing Bitcoin as a distinct asset class [5] - The introduction of new spot Bitcoin ETFs in 2024 and pro-Bitcoin policies in 2025 are seen as pivotal developments [5] - Financial institutions are increasingly developing Bitcoin-based products, which is expected to enhance demand [6] Group 3: Bitcoin as a Store of Value - Bitcoin is positioned to compete with gold as a store of value, often referred to as "digital gold" [7] - During periods of macroeconomic uncertainty, Bitcoin has acted as a safe-haven asset, similar to gold [7]
1 Top Cryptocurrency to Buy Before It Soars 1,049%, According to Strategy's Michael Saylor
Yahoo Finance·2025-12-21 16:27