Michael Saylor believes Bitcoin could reach $1 million if Wall Street allocates 10% towards it.
He mentioned that even a 5% Wall Street allocation would only represent a small portion of Bitcoin's market value.
Saylor highlighted the wealth redistribution impact of Bitcoin's rise, mentioning that it benefits everyone holding BTC.
He explained that Bitcoin's resistance to hostile takeovers and unique characteristics could lead to a $1 million price target once institutional adoption reaches 10%.