# 
Bitcoin Not Going to Zero, So It's Going to $1

By [hobbesandredbean](https://paragraph.com/@546321) · 2022-06-08

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Here's why Saylor does not expect Bitcoin to plunge
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When asked if he expects Bitcoin to drop further and MicroStrategy to suffer significant losses after its massive BTC investment, Michael Saylor stated that he does not believe the flagship cryptocurrency is likely to drop to zero.

Saylor stated that now that both Bitcoin skeptics and deniers have been wrong—Bitcoin has not been banned by governments and they are seeking ways to adopt and regulate it—BTC is certainly not going to zero. And if it is not going to zero, Saylor added, then it is going to the million USD price mark.

"Bitcoin would cost $500,000 if it was like gold"
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The MicroStrategy chief also said that Bitcoin is "obviously better than gold and everything that gold wants to be." If BTC were worth only what gold is worth, "Bitcoin would be only five hundred thousand USD per coin."

As two recent factors in support of Bitcoin, Saylor mentioned Treasury Secretary Janet Yellen's speech at American University on April 7 and the crypto bill presented on June 7 by senators Kirsten Gillibrand and Cynthia Lummis. In her speech in April, Yellen recited the legend about the mysterious Bitcoin creator Satoshi Nakamoto and explained that digital assets are crucial for the future of the United States.

Based on these, Saylor believes, people are now beginning to realize that Bitcoin is here to stay and its adoption is expanding.

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*Originally published on [hobbesandredbean](https://paragraph.com/@546321/bitcoin-not-going-to-zero-so-it-s-going-to-1)*