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<p><strong>Bitcoin (BTC) is experiencing a remarkable resurgence, an opportunity seized by Michael Saylor, co-founder of MicroStrategy, to share his thoughts on what he thinks will happen with the flagship cryptocurrency in the future. His projections about bitcoin (BTC) are rarely pessimistic.</strong></p>
<h2 id="h-bitcoin-btc-still-below-its-true-valuation">Bitcoin (BTC), Still Below Its “True” Valuation?</h2>
<p>Michael Saylor, co-founder of MicroStrategy and an iconic figure in the crypto industry, recently shared his opinion on the future trajectory of <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin’s price (BTC)</a>. He gives his perspective in the context of the flagship cryptocurrency’s recent surge.</p>
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<p>As a reminder, bitcoin (BTC) broke through the $50,000 resistance and reached a valuation of $52,200. This happened after an increase of 1.57% over its value 24 hours ago for a weekly rise of 16.66%.</p>
<p><a href="https://u.today/bitcoin-bull-michael-saylor-breaks-silence-on-btc-price" target="_blank" rel="noopener noreferrer nofollow">According to Michael Saylor</a>, this significant upswing is far from sufficient. He asserts that the current bitcoin price remains below $0.06 million. This provides a concrete benchmark for market observers.</p>
<p>Michael Saylor’s comments on bitcoin are based on a thorough analysis rather than speculative conjectures. But what could they mean, in concrete terms, for the crypto community?</p>
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     <p lang="en" dir="ltr">Bitcoin Bull Michael Saylor Breaks Silence on BTC Price<br><br> <a href="https://twitter.com/hashtag/BTCUSD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSD</a> <a href="https://twitter.com/hashtag/BTCUSDT?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSDT</a> <a href="https://twitter.com/hashtag/BTCUSDC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCUSDC</a> <a href="https://twitter.com/hashtag/BTCTUSD?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#BTCTUSD</a><br> <br> <a href="https://t.co/6TqdPKld3m" rel="noopener noreferrer nofollow">https://t.co/6TqdPKld3m</a> <a href="https://t.co/SbB9PHhiqD" rel="noopener noreferrer nofollow">pic.twitter.com/SbB9PHhiqD</a></p>— Bumblebee / Crypto News (@CryptoBumblebe) <a href="https://twitter.com/CryptoBumblebe/status/1758047304093782260?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 15, 2024</a>
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 <figcaption class="wp-element-caption"><em>Michael Saylor shares his predictions on bitcoin price</em>
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<h2 id="h-the-implications-for-the-flagship-crypto-s-outlook">The Implications for the Flagship Crypto’s Outlook</h2>
<p>Michael Saylor’s opinion has a twofold implication for Bitcoin’s trajectory. Firstly, it suggests a short-term target of $60,000, which is not far off from the previous peak of $69,000 for the flagship crypto.</p>
<p>On the other hand, it hints at a more ambitious long-term goal. Namely, a Bitcoin (BTC) target price close to $1 million. This is precisely the projection that Cathie Wood, the CEO of Ark Invest, made a few months ago.</p>
<p>Under Michael Saylor’s leadership, MicroStrategy has amassed a significant Bitcoin (BTC) portfolio. A stash whose current value stands at 190,000 BTC, placing MicroStrategy as one of the largest Bitcoin whales.</p>
<p>For many analysts, the outlook for Bitcoin is positive. Even though the recent decision by the Federal Reserve (Fed) to maintain interest rates has caused a reaction in <a href="https://www.cointribune.com/le-marche-crypto-en-2024-les-predictions-audacieuses-de-vaneck/" target="_blank" rel="noopener noreferrer nofollow">the crypto market</a>. The market dipped slightly by 0.3% to around $1.94 trillion.</p>

Bitcoin: Michael Saylor has big visions for the flagship cryptocurrency

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