Bitcoin's Biggest Cheerleader, Michael Saylor, Doubles Down on His Belief That BTC Isn't Just the Future, It's the Investment Opportunity of a Lifetime

MicroStrategy co-founder Michael Saylor opens up about his early Bitcoin days, admitting he was so obsessed when he first learned about it that he could barely sleep.

MicroStrategy (NASDAQ:) co-founder Michael Saylor, known as Bitcoin's biggest cheerleader, has shared his thoughts on the cryptocurrency's price and how its market is maturing.

In a recent interview with David Lin, Saylor discussed his early days of learning about Bitcoin, which he described as being so interesting that he couldn't sleep. He was so obsessed with the cryptocurrency that he was afraid someone else would figure it out before him and buy it all.

"I couldn't sleep because I was so interested in it. I was afraid someone else would figure it out before me and buy it all," Saylor shared.

This obsession led Saylor to become one of Bitcoin's loudest and most influential advocates, transforming the way both Wall Street and retail investors approach the cryptocurrency. Some argue that the reason major institutions are finally investing in Bitcoin is because Saylor kept talking about it and people listened.

However, with Bitcoin's price steadily rising and major players like BlackRock (NYSE:), Fidelity, and other financial institutions entering the crypto arena, it might seem harder for Saylor to keep adding to his stack. But the MicroStrategy CEO believes this is exactly how Bitcoin was designed to work.

"It gets exponentially harder to acquire Bitcoin over time—and that's what makes it valuable and secure," Saylor explained.

Saylor also noted how the crypto industry has matured in recent years. Risky, overleveraged companies like FTX and Terra Luna are no longer the primary drivers of the market. Instead, established financial institutions with "permanent capital" are entering the industry, reducing volatility and making Bitcoin a more stable, long-term asset.

During the conversation, Saylor predicted that Bitcoin could reach a price of $10 million per coin, and even then, he wouldn't stop buying.

"I bought it at $10,000, I'll buy it at $100,000, at a million, and at $10 million," Saylor stated. "Because by then, the entire ecosystem will be less risky and it'll still be a better bet than the S&P 500 or a warehouse in Siberia."

Furthermore, Saylor shared his perspective on how mainstream adoption of Bitcoin will unfold. He believes that the day your bank offers to buy Bitcoin for you on your phone is the day a single Bitcoin will already cost a million dollars. And when banks start recommending Bitcoin to customers like a hot stock tip, then Bitcoin's price could be pushing $10 million.