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With A $1M Target For Bitcoin, Michael Saylor Reminds Everyone That ‘BTC Is Still Less Than $0.05M’ Today

Published by
Benzinga

Michael Saylor, the CEO of MicroStrategy, on Monday, expressed his bullish stance on Bitcoin’s (CRYPTO: BTC) future, stating, “Bitcoin’s price is still less than $0.05 million.” What Happened: Saylor’s method of valuing Bitcoin in fractions of a million underscores his belief in its upside potential. His comments arrive at a time when Bitcoin rose by 17.5% over the last week and passed the $50,000 mark for the first time since December 2021. The upward price movement coincides with investment flows into spot Bitcoin ETFs, which have been operational since January 11. These Bitcoin ETFs, pionee…

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