Michael Saylor: Bitcoin to Enter High Growth Phase from 2024 to 2028, Price to Double and Double Again

Michael Saylor, co-founder of Microstrategy and a staunch believer in Bitcoin, recently delivered a speech at a cryptocurrency conference in Australia, providing a comprehensive outlook and predictions for the future of Bitcoin.

Recent: Bitcoin Halving, Becoming the Mainstream Asset for Teenagers

According to a report by Bitcoin News, Saylor mentioned the significance of the Bitcoin halving in 2024, where Bitcoin will "come out" as a "mainstream asset for teenagers"!

I believe the next 12 months are crucial. Demand is expected to increase by 1 to 3 times each month, possibly even up to 10 times. And the available supply for sale in April will be reduced by half.

This shift in supply and demand will lead to a significant adjustment in the price of Bitcoin!

Mid-term: Adoption by Large Companies, Entering a High Growth Phase

Saylor predicts that Bitcoin will enter a high growth phase from 2024 to 2028. This is because global tech giants and banks will widely adopt digital assets and integrate them into their products and services. Companies like Apple and Meta, the parent company of Facebook, are expected to purchase Bitcoin to gain substantial profits.

There will be fierce competition among Wall Street professionals to acquire the largest share of assets, and cryptocurrency exchanges will also engage in competition. Other tech companies will also be involved.

Saylor also points out that major financial institutions such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, and Deutsche Bank may participate in lending, providing mortgage loans, customization, and buying and selling Bitcoin.

Long-term: Bitcoin Price Doubling and Doubling Again

Looking at a longer-term perspective, like 25 years, Saylor predicts that Bitcoin's performance will surpass any other high-quality assets. He emphasizes that its growth rate will exceed the S&P 500 index and diversified investment portfolios. And boldly declares:

The price of Bitcoin will double, double again, and then double again, reaching $1 million, $2 million, or even $10 million per coin!

Saylor's business intelligence software company, MicroStrategy, has been continuously purchasing Bitcoin since 2020 as part of its Treasury Reserve Policy. They currently hold 158,400 Bitcoins with a market value of $5.88 billion, realizing an unrealized gain of $1.22 billion.

Details on MicroStrategy's business model: Bitcoin Takes Flight! What Exactly is MicroStrategy's Bitcoin Strategy?