{"id":609681,"date":"2024-03-26T16:29:00","date_gmt":"2024-03-26T20:29:00","guid":{"rendered":"https:\/\/erickimphotography.com\/blog\/?p=609681"},"modified":"2024-03-26T16:30:40","modified_gmt":"2024-03-26T20:30:40","slug":"the-future-price-of-bitcoin","status":"publish","type":"post","link":"https:\/\/erickimphotography.com\/blog\/2024\/03\/26\/the-future-price-of-bitcoin\/","title":{"rendered":"The Future Price of Bitcoin"},"content":{"rendered":"\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Lex Fridman: So you think it crosses a million \u00e2\u20ac\u201d it can go even higher?<br>Michael Saylor: Yeah I think it keeps going up forever. I mean, there\u00e2\u20ac\u2122s no reason we couldn\u00e2\u20ac\u2122t go to $10 million a coin, because digital property isn\u00e2\u20ac\u2122t the highest form, right?<\/p>\n<\/blockquote>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Lex Fridman: So the Bitcoin price has gone through quite a roller coaster \u00e2\u20ac\u201d what do you think is the high point it\u00e2\u20ac\u2122s going to hit?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Michael Saylor: I think it\u00e2\u20ac\u2122ll go up forever. I mean, I think Bitcoin is going to climb in a serpentine fashion. It\u00e2\u20ac\u2122s going to advance and come back and it\u00e2\u20ac\u2122s going to keep climbing. I think that the volatility attracts all of the capital into the marketplace, and so the volatility makes it the most interesting thing in the financial universe. It also generates massive yield and massive returns for traders, and that attracts capital. Like, we\u00e2\u20ac\u2122re talking about the difference between a 5% return and 500% return. So the fast money is attracted by the volatility. The volatility\u00e2\u20ac\u2122s been decreasing year-by-year-by-year \u00e2\u20ac\u201d I think that that it\u00e2\u20ac\u2122s stabilizing. I don\u00e2\u20ac\u2122t think we\u00e2\u20ac\u2122ll see as much volatility in the future as we have in the past.<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\">Coin price<\/h2>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">if you consider digital property that\u00e2\u20ac\u2122s a $100-$200 trillion dollar addressable market, so I would think it goes from $10 trillion to $100 trillion as people start to think of it as digital property.<br>Lex Fridman [timestamp 3:03:08]: What does that mean in terms of price per per coin?<br>Michael Saylor: At $500,000, that\u00e2\u20ac\u2122s a $10 trillion dollar asset. At $5 million, that\u00e2\u20ac\u2122s a $100 trillion dollar asset.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Lex Fridman: So you think it crosses a million \u00e2\u20ac\u201d it can go even higher?Michael Saylor: Yeah I think it keeps going up forever. I mean, there\u00e2\u20ac\u2122s no reason we couldn\u00e2\u20ac\u2122t go to $10 \u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_ek_photo_artist_note":"","_ek_photo_thesis":"","_ek_photo_camera":"","_ek_photo_place":"","_ek_photo_human_moment":"","_ek_photo_sequence":"","_ek_photo_question":"","_ek_photo_canonical_claim":"","_ek_photo_ai_summary":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17],"tags":[],"class_list":["post-609681","post","type-post","status-publish","format-standard","hentry","category-posts"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/609681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/comments?post=609681"}],"version-history":[{"count":3,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/609681\/revisions"}],"predecessor-version":[{"id":609684,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/posts\/609681\/revisions\/609684"}],"wp:attachment":[{"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/media?parent=609681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/categories?post=609681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/erickimphotography.com\/blog\/wp-json\/wp\/v2\/tags?post=609681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}