Bitcoin Can Still Appreciate 1000x, Says Michael Saylor
According to MicroStrategy’s executive chairman Michael Saylor, Bitcoin has the potential to increase in value by 1000 times from its current price of $41,500. In a recent keynote, Saylor explained that Bitcoin is a superior asset class that will appreciate faster than other investments in the long run.
Bitcoin’s Advantages Over Other Asset Classes
Saylor emphasized that Bitcoin is scarce, desirable, portable, durable, and maintainable, making it the leading asset in the world. He argued that most investment strategies besides holding Bitcoin do not work effectively.
Bitcoin as the Apex Commodity and ETF
Saylor compared Bitcoin to other asset classes and highlighted its advantages. Unlike stocks, Bitcoin does not carry the risk of asset devaluation due to new shares being issued. With its fixed supply of 21 million coins, Bitcoin is considered the “apex commodity.” Additionally, Bitcoin surpasses gold as it has lower transportation costs and greater auditability. Saylor also mentioned that Bitcoin can appeal to tech investors who want to avoid liability risks associated with corporations.
The Growth Potential of Bitcoin
Saylor predicted that as Bitcoin becomes a mature asset, it could provide an annual return of 14%. Over the next 20 years, he expects Bitcoin to grow at a faster rate of over 21% per year as more people allocate their wealth into BTC. Based on his calculations, Saylor believes that $1 million worth of Bitcoin today could reach $1 billion in real terms by 2123.
MicroStrategy’s Investments in Bitcoin
Saylor’s company MicroStrategy has been actively investing in Bitcoin since 2020 and currently holds over 174,000 coins. The company’s investment has already yielded a profit of $2 billion, with its stock up 288% year to date. Saylor personally bought over 17,732 BTC in 2020, which has seen a 320% increase in value.
Hot Take: Bitcoin’s Potential as the Apex Commodity
According to Michael Saylor, Bitcoin has the potential to become the “apex commodity” due to its scarcity and unique properties. With its fixed supply and advantages over other asset classes like stocks and real estate, Bitcoin can outperform traditional investments in the long run. Saylor believes that allocating wealth into BTC can lead to significant returns and predicts that Bitcoin could appreciate by 1000 times in the future. As MicroStrategy continues to accumulate Bitcoin and profit from its investment, Saylor’s bullish outlook on Bitcoin’s future remains strong.
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