Saylor Says BTC Going Up Forever: Bitcoin Dogs to Follow?
Michael Saylor, the chairman of MicroStrategy (MSTR), is one of the worlds most vocal Bitcoin bulls, and his most recent price targets forecast that BTC will go up forever.
Saylor advocates for constant accumulation of BTC and is a true diamond-hander with no plans to sell. He has used debt financing and equity issuance to increase MicroStrategys holdings and continues to buy at practically any pricea true dollar-cost averager.
If BTCas predicted by Saylorgoes up forever, investors must pay close attention to its ecosystem. Bitcoins leading meme coin, Bitcoin Dogs, will likely be one of the biggest beneficiaries of this up-only price action. If Bitcoin crosses $100,000 this cycle and trades well above $1 million in the coming decade, the next question is how high will 0DOG climb?
Saylor shares up-only BTC calculations
Few have mastered the art of relentless bull posting as well as Saylor, and his most recent calculations shocked even many orange-pilled BTC bulls. Saylor predicts that in 2045, Bitcoin will trade at $13 million per coinhis lower range being $3 million, and the top end comes in at $49 million. But why is Salor convinced of such a high price tag for BTC?
His thesis is simple. Fiat trends to zero, and Bitcoin will become a globally agreed-upon store of value thanks to its fixed supply. Central banks will continue quantitative easing policies due to ballooning national debts, and Saylor touts BTC as any investors only escape hatch to avoid the ongoing debasement of fiat currency.
BTCs fixed supply of 21 million will win out long term. It is the only monetary asset immune to the inflationary effects of central banks. Ironically, more excessive printing by central banks provides a massive tailwind for the BTC price. As fiat currencies lose their value, more and more investors search for alternative stores of value, which will funnel more and more capital toward BTC. Saylor has put his money where his mouth is, with MicroStrategy holding over 226,000 BTC.
Bitcoin Dogs BTCs leading meme coin to follow?
Bitcoin Dogs raised a massive $13.4 million during its presale, and investors dived head over heels to become part of on-chain history. 0DOG is the first-ever ICO on the Bitcoin network and is bringing much-needed innovation to cryptos oldest blockchain. The play-to-earn Telegram game will be ready to ship in Q4, and art enthusiasts can purchase one of the 10,000-strong Ordinals collection.
0DOG is a BRC-20 token and will piggyback on BTCs success. Meme coins always trade directionally with their networks base asset, and 0DOG will continue climbing alongside BTC. The real difference comes from market capitalization. While BTC has a market cap exceeding $1 trillion, Bitcoin Dogs trades closer to $4 million. Naturally, moves to the upside will be magnified for 0DOG.
By launching as a BRC-20 token, 0DOG benefits from living on cryptos biggest and best-funded network. Plus, the recent 0DOG listings on major centralized exchanges sidestepped this issue. There is tremendous wealth on the Bitcoin network, and as the BTC price increases, FOMO and desire to speculate will shoot upwards. As the leading meme coin on the network, Bitcoin Dogs will be the obvious buy target.
Why 0DOG could outperform BTC this cycle
Meme coins have been the clear winners of the current cycle, and investor outlook has changed dramatically. Instead of being viewed as vaporware, investors now see these tokens as legitimate beta investments. Bullish on SOLs price performance this cycle? Buy WIF or POODL. Investors get the same directional trade but way more upside.
If Saylors price predictions come true for BTC, the world will not be ready for how high 0DOG will climb. So, if youre bullish on BTC, you should be doubly bullish on 0DOG.
Visit the official Bitcoin Dogs website to learn more.
Read more: https://www.tronweekly.com/saylor-says-btc-going-up-forever-bitcoin-dogs-to-follow/
Text source: TronWeekly
