MicroStrategy founder predicts: AI and ETFs will ignite Bitcoin gold rush in the next decade.
Recently at the "Bitcoin Atlantis Conference" Bitcoin Atlantis, Michael Saylor, the founder of MicroStrategy, made a bold prediction about the future of Bitcoin. He forecasted a decade ahead where there will be an institutional battle for Bitcoin similar to the modern-day gold rush, driven by the introduction of a physical Bitcoin ETF and the flourishing development in the field of autonomous artificial intelligence.
MUST WATCH‼️ – Michael Saylor:
We are in the Bitcoin Gold Rush era. It started in January 2024 and will last until the end of 2034 when 99% of all Bitcoin will have been mined. #Bitcoin pic.twitter.com/LbAAaYRgMo
— Neil Jacobs (@NeilJacobs) March 1, 2024
Table of Contents
MicroStrategy Founder: Entering a Strong Growth Phase by 2035
Supply Factor
The supply limit of the Bitcoin network is 21 million, and it is currently approaching the mining limit. Approximately 93.5% of Bitcoin has been mined. Saylor expects that by 2035, 99% of the total Bitcoin supply will be mined, indicating a transition from a discovery phase to a strong growth period.
Catalysts: ETF and AI
The current Bitcoin spot ETF is changing the way investors interact with Bitcoin, becoming a key distribution channel. However, Saylor foresees that as traditional financial institutions begin to facilitate Bitcoin transactions, significant investments will become much easier and can be completed within an hour.
In addition, the integration of Bitcoin with autonomous AI technology is expected to further amplify demand. With the convergence of digital and AI fields, Bitcoin, as a foundational element of network security and the "truth system," becomes increasingly indispensable.
Shift in Environmental Perspective
Saylor has also addressed the environmental issues associated with Bitcoin mining. As the network becomes more energy-efficient, the focus of political and environmental scrutiny shifts to the energy requirements of AI technology. This shift is seen as an opportunity for Bitcoin to mitigate the environmental criticisms it faces.
Global Adoption and Financial Innovation
Investment strategist Lyn Alden responded to Saylor's views, emphasizing the transformative impact of countries adopting Bitcoin. From creating financial hubs to attracting capital, countries embracing Bitcoin can experience tangible economic benefits. Despite some countries hesitating due to concerns about weakening their currencies, the global trend is moving towards adoption and integration.
Praising Bitcoin's Resilience with the Nigeria Case
In discussions involving Michael Saylor, it was also mentioned how oppressive regimes' capital controls inadvertently drove the adoption of Bitcoin, with Nigeria's thriving peer-to-peer market as a typical example. These scenarios highlight the inherent power of Bitcoin to overcome regulatory barriers and pave the way for a more inclusive and accessible financial future.
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Digitally Driven Gold Rush Fueled by Innovation
Based on the above, these speakers believe that as we stand at the beginning of Bitcoin's transformative decade, the interplay of ETFs, AI, and the global adoption narrative paints a picture of a digitally driven gold rush. With its limited supply and expanding utility, Bitcoin not only survives scrutiny and challenges but also lays the foundation for unprecedented growth and innovation in the digital age.
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