Bitcoin could hit $10 millon | Michael Saylor and Lex Fridman | Summary and Q&A

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April 17, 2022
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Lex Clips
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Bitcoin could hit $10 millon | Michael Saylor and Lex Fridman

TL;DR

Bitcoin's volatility attracts capital, and as it stabilizes, it can be seen as digital property with a potentially massive market cap in the range of 10 to 20 trillion dollars.

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Questions & Answers

Q: Why does Bitcoin's volatility attract capital and make it interesting in the financial universe?

Bitcoin's volatility provides traders with opportunities for high returns, with the potential for a 500 percent return compared to conventional assets with only a 5 percent return. This attracts fast money seeking higher yields.

Q: How do you envision Bitcoin's future volatility?

The speaker suggests that Bitcoin's volatility is decreasing year by year and that it will stabilize in the future. While it may not exhibit as much volatility as before, it is still expected to maintain some level of price fluctuations.

Q: How can Bitcoin be considered digital property?

By viewing Bitcoin as digital property, similar to gold but with greater advantages, it can attract a larger market and greater investment. Unlike gold, Bitcoin can be easily mortgaged, rented, and used for various purposes, potentially leading to a market cap of 100 to 200 trillion dollars.

Q: Can the price of Bitcoin continue to increase indefinitely?

The speaker suggests that Bitcoin's value can increase indefinitely, potentially reaching 10 million dollars per coin in the future. As Bitcoin moves from being seen as low-frequency money (like gold) to mid-frequency money (digital property), and then possibly as digital energy, it can replace bonds and other conventional assets.

Summary & Key Takeaways

  • Bitcoin's volatility is attractive to traders and generates massive yield, making it the most interesting thing in the financial universe.

  • Its volatility has been decreasing, indicating stabilization, and potentially lower volatility in the future.

  • Viewing Bitcoin as digital property could lead to a market cap of 100 to 200 trillion dollars, with a potential price per coin ranging from 500,000 to 5 million.

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