Cryptocurrency Information Bureau News: Saylor aims for $100 million in Bitcoin! The bull market continues! #Bitcoin #Saylor #Cryptocurrency
Video explanation
Bitcoin to hit 1 million yen? A thorough explanation of big-name investor Michael Saylor's bullish statements for beginners!
Hello everyone! I'm John, your neighbor and blockchain guy. Recently, you've often seen the word "Bitcoin" in the news and on social media, but do you think it sounds difficult to understand? Today, I'll bring you some super big news about Bitcoin in an easy-to-understand way!
A very famous person in the Bitcoin world, Michael Saylor, said, "The price of Bitcoin will rise from now on.100 million dollars (over 1 million yen in Japanese yen!)And then there is the winter period (technically called the winter period) when prices continue to fall.Bear Market"It's time for the end of the 'I am a Muslim' movement," he said, causing a stir around the world.
"Huh? Could Bitcoin's value really go up that much?" "What is Bitcoin anyway?" These are some of the questions that may come to your mind. Don't worry! If you read this article, you will clearly understand the main points of this news. Let's take a look together!
Who is Michael Saylor?
First, let me briefly introduce you to Michael Saylor, the man who made this surprising statement.
Michael Saylor is the CEO (CEO: the most important person in a company, such as a president or representative) of the American company Strategy (officially known as MicroStrategy, a company world-famous for holding a large amount of Bitcoin).
MicroStrategy is known for converting part of the company's money into Bitcoin and holding a huge amount of Bitcoin. In other words, he is the "big shot of the big shots in the Bitcoin world." That's why Saylor's comments about Bitcoin are always attracting attention from investors and media around the world.
What does "there will be no more bear markets" mean?
Saylor is adamant that "there will be no more bear markets." What does this mean?
In the investment world, the prices of things like stocks and BitcoinA period of continued decline over a long period of timeThis is called a "bear market." It is likened to a bear with its head down, with no energy. It is a market with a slightly sad atmosphere, where people are worried that prices will fall even more, and more people are trying to sell what they own.
On the other hand, a market full of energy where prices are steadily rising is called a "bull market." This is represented by the image of a powerful bull thrusting its horns upward.
In other words, Saylor is sending out a very positive message: "The harsh winter period when the price of Bitcoin continued to fall is over! Things will get better from now on!" The reason he thinks this way may be that Bitcoin is gradually becoming usable in stores and large companies are beginning to recognize it as an investment target.
Bitcoin to hit $100 million? Is that really going to happen?
And the most shocking news of all is,"The price of Bitcoin will reach $100 million."That is what he said.
As of 2024, when this article was written, the price of Bitcoin is generally between several million yen and 1000 million yen. Considering that, 1 million yen is a truly extraordinary amount of money!
This is a prediction that expresses Saylor's very strong expectations that "the future of Bitcoin is extremely bright!" Of course, this is merely Saylor's personal opinion and does not guarantee future prices. But why is he so bullish on this? In general, the reasons why Bitcoin is expected to rise in value in the future include the following:
- There is a limit to the number of copies that can be issued: Bitcoin is programmed so that only a maximum of 2100 million will ever be issued. Just like the amount of gold buried in the earth is limited, it is believed that something that is in limited supply is more likely to become valuable if more people want it.
- Expectations for "digital gold": Gold has long been considered a valuable, safe asset, and some hope that Bitcoin will play a similar role as a "digital gold" for storing value on the internet.
- Potential for worldwide use: There is still a long way to go, but more and more stores are accepting Bitcoin as a means of payment, and some countries are beginning to recognize Bitcoin as an official currency. If more people start using it, its value may increase.
However, to reiterate, this is merely a possibility. Please keep in mind that the price of Bitcoin can rise and fall significantly (this is called "large price fluctuations") due to various factors, including not only good news but also the state of the global economy and news of government regulations.
How should newbies take this news?
Well, when you hear such good news, you might be interested and think, "That sounds great! Maybe I should try Bitcoin too?" That's great!
But don't be impatient. There are a few things to keep in mind, especially if you are a beginner considering investing in Bitcoin.
- This is not investment advice: Mr. Saylor's comments are merely his own thoughts and predictions. Please wait a moment before taking this news at face value and immediately deciding to buy Bitcoin.
- Bitcoin is at high risk of price fluctuations: It is not uncommon for the price of Bitcoin to fluctuate by more than 1% in a single day. Please be aware that while there is a chance to make a big profit, there is also an equal chance of suffering a big loss.
- Let's start by knowing: If you are interested in Bitcoin and the "blockchain technology" that underpins it (an amazing technology that makes it difficult to tamper with, allowing information to be securely shared and managed across many computers!), we recommend that you first study it thoroughly by reading books and gathering reliable information.
It is very dangerous to get involved just because you think, "I don't really understand it, but it looks like it might be profitable." First of all, it is important to slowly learn at your own pace what Bitcoin is and what risks it entails.
A word from John (the author)
When an influential person like Michael Saylor makes such a bullish statement, it really livens up the Bitcoin market. Personally, I think there are various opinions about the future of Bitcoin, but I think it's a good thing that this kind of news gives many people an opportunity to think about new technologies and the shape of "money of the future." However, it's important to carefully distinguish between dream stories and investments that involve real money!
This article is based on the following original articles and is summarized from the author's perspective:
Michael Saylor: The Bear Market Is Not Coming Back And
Bitcoin Is Going To $1 Million