A man named Michael Saylor, who owns a lot of Bitcoin, said that the price of Bitcoin is still less than $80,000. He thinks it will go up a lot more and reach $1 million someday. Right now, Bitcoin is doing well and its value is increasing. Read from source...

1. Saylor is comparing BTC to traditional financial assets like gold or real estate, which are measured in millions of dollars, but he ignores the fact that BTC is not a stable store of value and has no intrinsic worth. Therefore, his comparison is flawed and misleading.
2. He claims that if BTC is not going to zero, then it must go to $1 million, but this is an arbitrary and unrealistic assumption based on his personal beliefs and expectations, rather than objective analysis of the market fundamentals and demand-supply dynamics. It also shows a lack of understanding of the cryptocurrency's volatility and risks.
3. He uses the term "institutional asset" to describe BTC, but this is a vague and subjective concept that has not been widely adopted or defined by the financial industry. Moreover, he does not provide any evidence or examples of how BTC meets the criteria of an institutional asset, such as liquidity, transparency, regulation, and governance.
4. He exaggerates the level of under-allocation to BTC by institutions, without presenting any data or research to support his claim. He also does not consider the potential challenges and barriers that institutional investors face in allocating to BTC, such as custody, security, compliance, taxation, and reporting issues.
5. He expresses his excitement and optimism about BTC's price potential, but he does not acknowledge or address the possible downside risks and threats that could negatively impact BTC's value, such as regulatory crackdown, security breaches, hacking, competition, or market manipulation. He also does not consider the alternative cryptocurrencies that may offer similar or better features and advantages than BTC, such as privacy, scalability, efficiency, or innovation.