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Just How Outrageous Is a $500,000 Price Target for Bitcoin?

Just How Outrageous Is a $500,000 Price Target for Bitcoin?

Michael Saylor, a high-profile Bitcoin (CRYPTO: BTC) bull, is at it again: He just put out a $500,000 price target for Bitcoin. Speaking recently at MarketWatch's Best New Ideas in Money Festival, Saylor suggested that Bitcoin could hit $65,000 within four years. Of course, investors need to take Saylor's prediction with a pinch of salt as it's likely biased, considering how much of his own wealth is tied up in Bitcoin and how much his company MicroStrategy (NASDAQ: MSTR) has invested in the token.