Bitcoin's Biggest Cheerleader, Michael Saylor, Is Doubling Down and Predicting BTC Could Hit $10M

Bitcoin's biggest cheerleader, Michael Saylor, is at it again — and he's doubling down on his belief that Bitcoin isn't just the future, it's the investment opportunity of a lifetime.

Despite a slew of pessimistic outlooks on the market, one investing legend is still finding plenty to be optimistic about—especially when it comes to his favorite asset: Bitcoin.

Now, the tale of MicroStrategy (NASDAQ:MSTR) co-founder Michael Saylor's Bitcoin journey is one for the ages. From his early days of pouring over the cryptocurrency in the dead of night to becoming one of its biggest cheerleaders on Wall Street, Saylor has seen and done it all.

And while some might say it's getting harder for Saylor to keep adding to his MicroStrategy’s BTC holdings with Bitcoin's price steadily rising and major players like BlackRock (NYSE:BLK), Fidelity, and other financial heavyweights stepping into the crypto arena, the billionaire investor begs to differ.

In a recent interview with David Lin, Saylor touched base on some of his thoughts on Bitcoin, and his optimism over the cryptocurrency is still going strong.

What began as an "obsession" that kept Saylor up at night—as he was so afraid someone else would figure out Bitcoin before him and buy it all—has blossomed into a full-fledged mission to introduce the world to the cryptocurrency.

Saylor's dedication to Bitcoin has seen him become a beacon of hope for retail investors who are still awaiting the day institutions take notice of the cryptocurrency. And though many thought it would never come, major financial giants are now getting involved in crypto.

Some might even argue that it's thanks to Saylor's relentless efforts in keeping the conversation going that institutions are finally joining the table.

But with Bitcoin's price steadily rising and major players like BlackRock, Fidelity, and other financial heavyweights stepping into the crypto arena, isn't it getting harder for Saylor to keep adding to his stack?

Not at all, according to the billionaire investor, who says this is exactly how Bitcoin was designed to work.

"It gets exponentially harder to acquire Bitcoin over time—and that's what makes it valuable and secure," Saylor explained.

Saylor went on to highlight how the crypto industry has also matured over the years. Back in the day, risky, overleveraged companies like FTX and Terra Luna were driving the market, leading to price swings and instability.

However, as institutions with "permanent capital" are now entering the space, they are bringing with them greater stability and resilience, rendering Bitcoin a more stable, long-term asset.

And as institutions continue to pour more capital into Bitcoin, its price will naturally rise, making it even harder and more expensive to acquire in the future.

Perhaps the boldest moment came when Saylor predicted Bitcoin's price trajectory—claiming it could one day hit $10 million per coin. And no, he won't stop buying when it does.

"I bought it at $10,000, I'll buy it at $100,000, at a million, and at $10 million," Saylor said. "Because by then, the entire ecosystem will be less risky and it’ll still be a better bet than the S&P 500 or a warehouse in Siberia."

Saylor also shared his take on how mainstream adoption will look. According to the billionaire investor, the day your bank offers to buy Bitcoin for you on your phone is the day a single Bitcoin will already cost a million dollars.

And when banks start recommending Bitcoin like they would a hot stock tip, then you can expect its price to be pushing $10 million.