During the BTC Prague conference, Michael Saylor, the executive chairman of MicroStrategy, delivered a keynote speech in which he excited the audience by forecasting a significant increase in the price of Bitcoin, proposing that it could potentially hit $8 million per coin. This statement was included in his larger discussion on the “21 Rules for Holding Bitcoin.”

During the BTC Prague conference, Michael Saylor, the executive chairman of MicroStrategy, delivered a keynote speech in which he excited the audience by forecasting a significant increase in the price of Bitcoin, proposing that it could potentially hit $8 million per coin. This statement was just one component of his larger discussion on the “21 Rules of Holding Bitcoin,” which offers guidance on effectively managing investments in a volatile market. Throughout his presentation, Saylor discussed a philosophical and strategic approach to comprehending and investing in BTC. He presented the cryptocurrency as more than just a form of money but as a transformative instrument that can change the way global finance works. Luke Broyles highlighted this perspective in his article on X, quoting Saylor as saying, “People who grasp the concept invest in Bitcoin, while those who don’t tend to criticize it.” This statement reflected Saylor’s belief in the divide between those who doubt and those who support Bitcoin. He stated that acknowledging the potential of BTC is like recognizing a significant change before it fully materializes. Saylor reflected on how his opinion changed from being dismissive in 2013, as he saw BTC’s strength and potential become more apparent. His own experience of going from doubting to supporting something strongly reflects a typical journey for investors, who frequently start off skeptical but eventually become advocates. The recent decision by MicroStrategy to sell stocks and purchase $500 million worth of Bitcoin is also worth noting. Saylor emphasized that there is always more to learn about Bitcoin due to its complexity and constantly changing nature. He proposed that the combination of BTC with worldwide economies, technology, and regulations ensures its ongoing importance for analysis. Referring to past events like WWII and the growth of communism in Europe, Saylor emphasized BTC’s ability to serve as a stable financial asset independent of geopolitical influences. He stated that purchasing Bitcoin is a wise decision due to the certainty of entropy, implying that Bitcoin is a secure option during chaotic times. Saylor believes that BTC presents a fair chance unlike conventional financial structures, which he perceives as being unfairly biased against the common individual.