Bitcoin News Alerts | Daily BTC Macro Signal

Despite the fact that Bitcoin has lost over 73% of its value since its all-time high in 2021, BTC bull and MicroStrategy co-founder and CEO Michael Saylor is unfazed.

"I think that the next logical stop for Bitcoin is to replace gold as a non-sovereign store of value asset and gold is a $10 trillion asset as we speak. Bitcoin is digital gold, it's 100x better than gold," Saylor said during the Money Festival hosted by MarketWatch on Wednesday.

"The half-life of money in crypto is forever. You can move it on billions of computers at the speed of light. So if Bitcoin goes to the value of the yellow metal, it's going to $500,000 per coin, and I think that happens this decade," Saylor pointed out.

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Quant crypto analyst PlanB, creator of the notorious Bitcoin stock-to-flow model (S2F) is now predicting the Bitcoin price to soar 5x-50x from it's current price reaching $100K - $1 million per coin in the next 3 years.

"IMO 2024 halving will (again and in line with S2F) have a big (lagged or front-run) impact on Bitcoin. My prediction: BTC will be $100K-$1M in 2025 (yellow square), 5x-50x from current $19K next 3 yrs. This forecast is not accurate, but better roughly right than precisely wrong."

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MicroStrategy's Michael Saylor thinks Bitcoin will reach $500K - $1,000,000 per coin in the next years if it matches the market capitalization of gold.

"The next logical step for bitcoin is to replace gold as a non-sovereign store of value asset."

Last year, he outlined the merits of the king crypto (BTC) and claimed that it is 50 times better than the precious metal. This summer, he doubled down on that stance, saying the asset is "obviously better than gold and everything that gold wants to be."

Instead of going to zero (as some might predict given its recent price decline), Saylor envisioned it will shoot up to $1 million in the years to come.

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World renowned Bitcoin maximalist Max Keiser and Stacy Herbert of the Max and Stacy report project the king crypto (BTC) tapping into the $400 trillion total addressable market, sending Bitcoin to $1 million - $2 million per coin.

"The total addressable market for Bitcoin would be $400 trillion, that's the total sum of global financialized world. Bitcoin will eat that essentially, so we're going to see a lot higher prices, $1 million - $2 million per BTC."

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BREAKING NEWS: CoinCorner, a global leader in Bitcoin and Lightning Network services, has partnered with Seed Group, a company of the Private Office of Sheikh Saeed bin Ahmed Al Maktoum, to facilitate Bitcoin transactions in The United Arab Emirates (UAE).

"Apart from individuals, a large number of companies are ready to embrace Bitcoin and other crypto as legal tender for future transactions," said Hisham Al Gurg, CEO of Seed Group and the Private Office of Sheikh Saeed bin Ahmed Al Maktoum.

"The UAE wants to offer a growth-oriented environment to fintech companies by establishing an ecosystem for digital currencies. Companies dealing in cryptocurrencies hold huge potential in the Emirates' digital economy."

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Bloomberg's lead commodity analyst Mike McGlone is doubling down on his forecast for a six-figure Bitcoin price tag.

In a new interview with Kitco News, crypto expert McGlone says that adoption and demand for Bitcoin appear to be gaining enough steam to push BTC to $100,000 in less than three years.

"Here's the key thing about Bitcoin. To me, it's a matter of time before it gets to $100,000. The key fact is by code, the supply is going down. You can't change it. Adoption and demand are increasing. Unless you expect that to reverse – which I don't – I think it's going to accelerate. Every sign I see it's accelerating. It will continue appreciating. It's just a matter of time."

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MicroStrategy CEO and Bitcoin advocate Michael Saylor doubled down on his support for the king crypto (BTC) as he explained the issues related to transferring the value of physical properties such as gold, company stocks or equity and real estate during the Australia Cryptocurrency Convention.

"There's no price target. I expect we'll be buying bitcoin at the local top forever. And I expect Bitcoin is going to go into the millions. So we're very patient. We think it's the future of money."

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BREAKING NEWS: White House publishes crypto framework for regulation of Bitcoin and digital assets while Microstrategy executive Michael Saylor publishes open letter discussing the "sheers volume of misinformation' tied to BTC.

Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 BTC during the last few years as Saylor predicts bitcoin hitting $600,000 a coin, and eventually $6 million.

In November, Saylor said that bitcoin was "unstoppable" and will "emerge as a $100 trillion asset class." The CEO has repeatedly said that BTC will replace gold.

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Boston Consulting Group (BCG) believes that blockchain technology presents a massive business opportunity by 2030, predicting a $16,000,000,000 Crypto tokenized market cap which suggest a $320,000 - $1,020,000 Bitcoin price action based on the entire cryptocurrency tokenized market cap growing 16x -51x in value.

The global consulting giant says in a new report that "on-chain asset tokenization" can help address the challenge posed by asset illiquidity.

"The total size of illiquid asset tokenization globally would be $16 trillion by 2030."

The value of tokenized assets is currently at $310 billion.

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A popular crypto strategist and trader says a potential shift that could end Bitcoin's (BTC) multi-month downtrend is on the horizon.

Cryptocurrency analyst Kevin Svenson tells his 69,200 YouTube subscribers that Bitcoin is on the verge of taking out its diagonal resistance that has kept the market bearish since November 2021.

"This long-term [downtrend line], from $69,000 all the way down on the linear scale, we're potentially at breakout point to break the macro downtrend on linear… But also we have the weekly RSI, which we're currently about to break out of. So Bitcoin has some potential bullish pivots coming, potentially [a] bullish trend shift."

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