$BTC ETF net flows for the week = +$535.3m
MicroStrategy founder raises bitcoin price forecast to $13 million
-- MicroStrategy CEO Michael Saylor spoke at the Bitcoin 2024 conference in Nashville.
-- He predicted bitcoin to rise to $13 million by $2045.
-- In an optimistic scenario, the first cryptocurrency could grow to $49 million, according to Saylor.
On July 26, 2024, MicroStrategy founder and CEO Michael Saylor spoke at the Bitcoin 2024 conference in Nashville, Tennessee, USA. He predicted the growth of bitcoin to $13 million in about 20 years, reports Cointelegraph with reference to the speech of Saylor.
Recall, earlier in June, the founder of MicroStrategy said that by 2045 the bitcoin rate could rise to $10 million in the baseline scenario. Now he has raised his forecast to $13 million, the source claims.
“It could be a bearish scenario with a rise to $3 million, or it could be a bullish scenario where bitcoin reaches $49 million,” explained Saylor.
Speaking to a large audience in Nashville, he suggested moving all of his assets into bitcoins and relocating to a low-tax jurisdiction. This strategy is relevant not only for individuals but also for individual companies, the MicroStrategy founder said.
According to Saylor, all physical capital - from stocks and bonds to Ferrari cars and Miami Beach real estate - is subject to the laws of thermodynamics, including entropy.
“Energy tends to dissipate over time. Entropy erodes the value of physical assets. It sucks the capital out of them,” asserts the founder of MicroStrategy.
So-called physical assets, which the entrepreneur categorized as gold and money, have a limited lifespan.
“Bitcoin is an exception. It is immortal, immutable and intangible. Because cryptocurrency is not in the physical world, it has an infinite lifespan. This is the solution to the economic dilemma,” Michael Saylor noted.
The expert added that at the current price of bitcoin, its market capitalization is only $1.3 trillion or 0.1% of the world's wealth. In about 20 years, this figure will reach 7%, he believes.
As a reminder, MicroStrategy is one of the world's largest holders of bitcoins among publicly traded companies. The firm's fortune is estimated at 226,331 BTC, which is about $15.37 billion at the time of writing.
MicroStrategy is known to have purchased bitcoins at an average price of $36,798. One of the most recent purchases was made in June, when the company bought 11,931 BTC for $786 million.
#btc
There's a reason why the Hawk Tuah girl is at the Bitcoin conference. 📈
#MEMES
https://video.nostr.build/c4a481196d410a09d04a0fcfe0fff4ca0efbd437a02a1cc054172ef6ec2d0827.mp4
a bat landing on its legs #inkblotart
Fear & Greed Index - Jul 27, 2024:
Today: 72 (Greed)
Yesterday: 68 (Greed)
Avg. 1W: 70 🤑
Avg. 2W: 65 🤑
Avg. 1M: 49 😕
Avg. 2M: 58 😁
Avg. 3M: 61 🤑
Avg. 6M: 67 🤑
Avg. 1Y: 63 🤑
🔸 #Bitcoin
Price: $67,926
24h Low: $65,806
24h High: $68,223
MC Change: $42.0B (3.2%)
Dominance: 52.8%
24h: 3.2%
7d: 1.8%
14d: 17.6%
30d: 11.5%
60d: -2.3%
200d: 44.4%
1y: 130.6%
BREAKING: 🟠 Michael Saylor expects a $BTC price of $49M per coin as soon as 2045❗️
Candidate Kennedy JR. proposes buying 9 million bitcoins for the US reserve
The independent US presidential candidate also sees BTC as a strategic reserve for the country.
🇺🇲 Pending Donald Trump's speech at the Bitcoin Conference 2024, cryptocurrencies have recorded a notable recovery in the last 24 hours.
🔥 The price of Bitcoin once again exceeded USD 68,000 and registered an increase of more than 5% while Ethereum remains above USD 3,200. So far, Ether ETFs have not delivered the expected result.
🆙 In the area of altcoins, the market also shows behavior with increases of more than 4.5% for Solana (SOL), Dogecoin (DOGE) and Cardano (ADA). Other tokens such as Avalanche (AVAX) and Tron (TRX) had smaller increases and XRP is the only major cryptocurrency that suffered a moderate decline.
🗣 Although Trump has already made statements in favor of the crypto industry, an announcement regarding what his possible management would be if elected president of the United States is not ruled out. He speaks this Saturday and the market begins to feel it.
“US Govt. should own the majority of #Bitcoin.” 👀
- Michael Saylor
https://video.nostr.build/0ce280e7c1186703e43a05cb74613a3cd730946fddf37fdbad14c9db8d635a1d.mp4
🥇 Mt. Gox reserve decreased by 66% (-94,458 BTC).
Since the start of BTC distribution, the price of Bitcoin has risen from $55,000 to $66,000.
https://video.nostr.build/72ca9c2ebec0dba0e727f4b35cd52ee2748bb923bc9ac5fa95ce584eeca5342b.mp4
🇺🇲 Kennedy: “I would like the federal government to start buying Bitcoin”
🗣️ Independent candidate Robert F. Kennedy Jr. proposed that the US government buy Bitcoin up to equal the value of the country's gold reserves.
Currently, the United States would have to acquire 9.4 million BTC to equal the USD 615 billion it has in gold. That would be almost 45% of the total BTC supply.
🏦 Kennedy also proposed backing Treasuries with “hard currencies,” including BTC, and eliminating capital gains taxes on Bitcoin.
🤝🏻 “If we want to save our democracy, we need to decentralize. Bitcoin is honest because it has no one in charge," Kennedy concluded.
💰$BTC 1D
The new test was successful
#Bitcoin has confirmed $65,000 as support
The price now continues to maintain the region of $65000 - $71500 (red)
BIDEN reappeared...
Wait... it's 10 cm taller 🤣🤣🤣🤔👀
https://video.nostr.build/463c57153e9ae437008970c89b92972149ea6c9b1b4ad041a5565c17c59bc295.mp4
$BTC 4H
the bounce before sweeping liquidity at $63K means we must entertain a potential H&S pointing to a sweep of $60K
no blind spots, don't shoot the messenger, break $68K to invalidate this
7/25 Bitcoin ETF Net Flow:$ 31 million / ₿ 483
BlackRock $IBIT: $ 70.9 m
Grayscale $GBTC: $ -39.6 m
Fidelity $FBTC: $ 0 m
Bitwise $BITB: $ 0 m
Ark $ARKB: $ 0 m
Invesco $BTCO: $ 0 m
Franklin $EZBC: $ 0 m
Valkyrie $BRRR: $ n/a
VanEck $HODL: $ 0 m
WisdomTree $BTCW: $ 0 m
🚨 Blackrock Buys 1090 Bitcoin
Every. Single. Day. 🚀🚀🚀
