Michael Saylor Predicts 'In the Future, Everything Is Priced in Bitcoin'

Michael Saylor, a Bitcoin permabull and cofounder of the largest corporate BTC holder, MicroStrategy, has taken to the X social media network

Michael Saylor, a Bitcoin permabull and cofounder of the largest corporate BTC holder, has shared his vision for the future of Bitcoin.

Saylor, who is known for his bullish stance on Bitcoin, took to X social media (formerly Twitter) to share his latest prediction. In a tweet, Saylor shared an AI-generated image of himself wearing a uniform with physical BTC coins hanging on it. In the tweet, Saylor predicted that “In the future, everything is priced in #Bitcoin.”

Many Bitcoin believers have predicted a bright future for BTC not only in terms of pricing but also in seeing BTC become the world’s reserve currency, the equivalent of the U.S. dollar now. Many of them realize that the strictly limited 21 million supply of Bitcoin will hardly satisfy the needs of billions of people as actual money, but they admit that it will likely be Sats that will become the unit for trading and payments in the future.

On Monday, Saylor also shared an infographic, showing the performance of Bitcoin, MicroStrategy stocks and the S&P 500 index since August 2020 – the time when Saylor’s company started regularly buying Bitcoin.

Over these four years, according to the chart, the best-performing asset of all has been MSTR stock, with a cumulative increase of 1,325% over that time. The world’s leading cryptocurrency, since then, has surged by 451%, coming in second after MicroStrategy stock.

Since 2020, Bitcoin reached a historic peak of $69,000 in late 2021, then crashed to $15,500 a year later, and then made a victorious jump to a new all-time high of $74,000 in March this year.

Bitcoin price drops sharply despite Fed interest rate cut

The Bitcoin price has seen a large drop of 4.75% over the last 24 hours, despite the recently announced big interest rate cut by the Fed Reserve and hints about two more cuts to be made later this year.

On Saturday, the BTC price was around the $64,000 level, but it dropped to $62,860 on Monday morning and slid further to trade at this price level at the time of writing.

Among the reasons impacting Bitcoin at the moment are the worsening geopolitical tensions in the Middle East, analysts believe.