In a recent tweet, Michael Saylor, known for his vocal support of Bitcoin and as the cofounder of MicroStrategy, shared a crucial message with his followers on X social media platform. This message came at a time when Bitcoin experienced a significant surge of over 5%, jumping from $54,600 to $57,520 in less than 24 hours, adding almost $3,000 to its value. However, Bitcoin’s price has since dropped and is currently trading at $56,870.
Saylor’s tweet included an AI-generated image of himself resembling Morpheus from the movie “The Matrix.” In the tweet, Saylor urged his followers to “Take the orange pill,” a reference to Bitcoin’s original orange color.
Bitcoin’s Price Prediction: $13 Million in 21 Years
During an appearance on CNBC’s Squawk Box, Saylor made a bold prediction, stating that he expects Bitcoin to reach $13 million per coin in 21 years. He explained that Bitcoin currently represents 0.1% of all global money and believes it has the potential to absorb 7% of this money, especially from the market value of gold.
His prediction sparked some humorous responses, including NBA legend Scottie Pippen questioning if Saylor received this information from a dream involving Bitcoin creator Satoshi Nakamoto. Additionally, Dogecoin founder Billy Markus sarcastically commented on the possibility of Bitcoin reaching “100 billion trillion quadrillion.”
$850 Million in Bitcoin Sold on Market
According to popular crypto analyst Ali Martinez, short-term traders recently offloaded 14,816 BTC, valued at almost $850 million at the time of sale. Martinez shared a chart from on-chain data aggregator CryptoQuant to support this information.
This development highlights the ongoing volatility in the cryptocurrency market and the impact of influential figures like Michael Saylor on Bitcoin’s price movements.