{"id":137059,"date":"2024-09-11T08:00:07","date_gmt":"2024-09-11T05:00:07","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137059"},"modified":"2024-09-10T13:07:24","modified_gmt":"2024-09-10T10:07:24","slug":"michael-saylors-bold-bitcoin-prediction-sparks-backlash","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/michael-saylors-bold-bitcoin-prediction-sparks-backlash\/","title":{"rendered":"Michael Saylor\u2019s Bold Bitcoin Prediction Sparks Backlash"},"content":{"rendered":"<p>Michael Saylor appeared on CNBC\u2019s \u201cSquawk Box,\u201d where he reaffirmed his optimistic <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a><\/strong> forecast, despite Bitcoin\u2019s recent price fluctuations.<\/p>\n<p>He reflected on past challenges, such as Silvergate Bank\u2019s failure, which he claimed ultimately benefited MicroStrategy. Saylor emphasized Bitcoin\u2019s transformative potential and predicted it could reach $13 million in 21 years.<\/p>\n<p>Peter Schiff <strong><a href=\"https:\/\/www.youtube.com\/watch?v=2Pce5tBp_Pw&amp;embeds_referring_euri=https%3A%2F%2Fbeincrypto.com%2F&amp;embeds_referring_origin=https%3A%2F%2Fbeincrypto.com&amp;source_ve_path=Mjg2NTgsMjM4NTE\" target=\"_blank\" rel=\"nofollow\">countered<\/a><\/strong> Saylor\u2019s prediction, labeling it as unfounded and criticizing CNBC for not challenging Saylor\u2019s views.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/bitcoins-future-could-depend-on-u-s-presidential-election-outcome-analysts-say\/\" title=\"Bitcoin\u2019s Future Could Depend on U.S. Presidential Election Outcome, Analysts Say\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/crypto-usa-1-240x170.jpeg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Bitcoin\u2019s Future Could Depend on U.S. Presidential Election Outcome, Analysts Say<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Schiff pointed out that MicroStrategy\u2019s stock has declined significantly and questioned the long-term returns Saylor touted.<\/p>\n<p>He also argued that gold, unlike Bitcoin, has intrinsic value, despite some skepticism from other commentators about gold\u2019s relevance. Schiff suggested diversifying investments between gold and Bitcoin to mitigate risks.<\/p>\n<p><iframe loading=\"lazy\" title=\"Peter Schiff: Why Gold is Superior to Bitcoin!\" src=\"https:\/\/www.youtube.com\/embed\/2Pce5tBp_Pw\" width=\"100%\" height=\"463\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span><\/iframe><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a recent CNBC interview, Michael Saylor forecasted a Bitcoin price of $13 million, but Peter Schiff dismissed this prediction as \u201cnonsense.\u201d Schiff criticized Bitcoin and promoted gold as a superior investment.<\/p>\n","protected":false},"author":3,"featured_media":33366,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72],"class_list":["post-137059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Saylor\u2019s Bold Bitcoin Prediction Sparks Backlash<\/title>\n<meta name=\"description\" content=\"In a recent CNBC interview, Michael Saylor forecasted a Bitcoin price of $13 million, but Peter Schiff dismissed this prediction as...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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