U.Today – Michael Saylor, co-founder of business intelligence giant MicroStrategy and prominent evangelist, continues his series of daily BTC-themed tweets. His recent tweet coincided with the world’s leading digital currency regaining its long-awaited price level of $71,000.
However, in an earlier tweet, Saylor made a Bitcoin-related prediction about the future of money.
Statement by Michael Saylor regarding the rise in Bitcoin prices
In a recent tweet, Saylor posted an AI-generated photo of a bee in a hive with a Bitcoin mascot inside. “Join the swarm,” the tweet encourages, signifying a rapidly growing global community of BTC believers and holders.
However, his earlier tweet contains a prediction of the future form of money. Saylor tweeted that he expects the future of money to be digital, ending the tweet with the hashtag Bitcoin.
Bitcoin rose above the $71,240 level yesterday before recovering today after a modest rebound as market participants look forward to potential interest rate cuts by the U.S. Federal Reserve as early as November. The Bitcoin price augment from Tuesday to today was 3.71%. Since then, the decline has been almost 0.9%, with Bitcoin changing hands at $70,680.
Additionally, spot Bitcoin ETFs saw massive inflows on Tuesday as they absorbed as much as $887 million in BTC. IBIT BlackRock raised $274 million, while Ark Invest increased its BTC holdings by $139 million. This happened to be the second-largest daily inflow since the SEC approved the Bitcoin ETF in mid-January.
Bitcoin will outperform gold by 3 times, Max Keizer expects
In a recent tweet, Bitcoin’s main supporter, Max Keizer, shared his opinion on Bitcoin’s future price growth. Quoting a tweet from user “Bitcoin Archive,” Keizer said he expects Bitcoin to surpass gold in terms of market cap value by at least 2x, but maybe even 3x.
This prediction was based on a recent statement from VanEck CEO Jan van Eck during a conversation with cryptocurrency trader and podcaster Scott Melker. Van Eck believes that Bitcoin’s market cap will be worth at least half the market cap of gold.
Gold’s market cap is currently around $15.9 trillion and Bitcoin’s market cap is $1.4 trillion, which is about 10 times smaller at the moment.
