2024-9-16 10:30 |
MicroStrategy Inc. co-founder Michael Saylor has issued another exceptionally bullish forecast for Bitcoin despite immense volatility in recent months.
Speaking with CNBC on September 11th, the American entrepreneur said the world’s largest cryptocurrency by market cap could hit $13 million per coin by 2045.
His forecast bodes well for BTC but even more so for the smaller cryptocurrencies that tend to respond more positively to such bold statements.
One of them is Bitcoin Dogs – the world’s first ICO on the Bitcoin blockchain that has already made waves in the broader crypto space in 2024.
Will Saylor’s remarks benefit Bitcoin Dogs?Michael Saylor is exceptionally bullish on Bitcoin as it could make up 7.0% of the global capital over the next 21 years. In comparison, it accounts for just 0.1% of writing.
While a $13 million price target for a financial asset is unusual, investors do tend to listen when Saylor issues such a daring forecast because he’s been right about the crypto industry so far.
Michael Saylor, currently the executive chairman of MicroStrategy, spent a whopping $1.1 billion to buy another 18,300 Bitcoins. That’s also why markets usually respond to his comments – he puts his money where his mouth is.
Bitcoin has gained roughly 8.0% since September 11th when he made the aforementioned BTC price forecast.
Continued strength in Bitcoin typically begins to reflect in other cryptocurrencies as well and may, therefore, be a long-term catalyst for the native $0DOG meme coin of Bitcoin Dogs.
You haven’t missed the $0DOG boatBitcoin Dogs has already launched its native meme coin on crypto exchanges, including MEXC and Uniswap.
So, it’s now fairly easy to invest in the $0DOG token. But should you? That’s the million-dollar question.
The good news is that it’s not yet too late to build a stake in Bitcoin Dogs.
Now may be the perfect time to buy $0DOG as it has two massive tailwinds that could push its price up in the near term.
One of them is the expectation that the US Federal Reserve will announce a rate cut next week.
Such a backdrop has historically favoured cryptocurrencies.
Then in November, we have the US elections and both of the presidential candidates have already taken a positive stance on digital assets.
These two tailwinds alone make a sufficiently strong case for investing in Bitcoin Dogs that you can load up on for pennies at writing versus an arm and a leg for Bitcoin. If you want to dig deeper into Bitcoin Dogs and its native $0DOG meme coin before investing in it, you should click here to visit the project website now.
The post Bitcoin Dogs poised for growth as Saylor predicts BTC surge to $13 M appeared first on Invezz
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