The US Securities and Exchange Commission (SEC) announced a delay in approving the Hashdex Bitcoin Spot Exchange Traded Fund (ETF), with Bitcoin bucking the trend and rising 6%Michael Saylor recently delivered a speech at the Australian Cryptocurrency Conference, providing a comprehensive outlook and forecast for the future of Bitcoin.Bitcoin has attracted widespread attention and discussion worldwide in recent years
The US Securities and Exchange Commission (SEC) announced a delay in approving the Hashdex Bitcoin Spot Exchange Traded Fund (ETF), with Bitcoin bucking the trend and rising 6%
Michael Saylor recently delivered a speech at the Australian Cryptocurrency Conference, providing a comprehensive outlook and forecast for the future of Bitcoin.
Bitcoin has attracted widespread attention and discussion worldwide in recent years. Since its birth in 2009, Bitcoin has been continuously developing and growing, and is regarded as a leader in the field of digital currencies. According to Michael Saylor, Bitcoin will enter a period of high growth from 2024 to 2028, with prices expected to double and double again.
As the CEO of MicroStrategy, Michael Saylor has always been a staunch supporter of Bitcoin. He believes that Bitcoin is not only a digital asset, but also a new currency with storage, payment, and investment functions. In his view, Bitcoin's decentralization, scarcity, and security characteristics make it an important component of the future financial system.
According to Saylor's prediction, Bitcoin will experience large-scale growth between 2024 and 2028. He believes that during this period, the price of Bitcoin will double and then double. This viewpoint has received support from some professionals who believe that the market potential of Bitcoin has not yet been fully unleashed, and there is still huge room for growth in the future.
So, why is Saylor so optimistic about Bitcoin? Firstly, with the acceleration of global digitization, more and more people are paying attention to and accepting Bitcoin. Especially in countries with unstable economies or increasing inflationary pressures, Bitcoin is considered a safe haven asset. This will further drive up the demand and price of Bitcoin.
Recently: Bitcoin has halved and become a mainstream asset for teenagers
According to Bitcoin News, Saylor mentioned the importance of halving Bitcoin in 2024, as Bitcoin will "come out" and become a "mainstream asset for teenagers"!
I think the next 12 months are very important. Because the monthly demand should increase by 1-3 times, and may even reach 10 times. The available supply for sale in April will be reduced by half.
And this shift in supply and demand will lead to a significant adjustment in Bitcoin prices!
Mid term: Large company production and use, entering a high growth stage
Saylor predicts that Bitcoin will enter a high growth stage from 2024 to 2028. Because large technology companies and banks around the world will widely adopt digital assets and integrate them into their products and services. It is expected that companies such as Apple and Meta (the parent company of Facebook) will purchase Bitcoin in order to generate substantial profits.
There will be fierce competition among Wall Street professionals to obtain the largest share of assets, and the cryptocurrency exchange will also engage in competition. And other technology companies will also participate.
Saylor also pointed out that major financial institutions such as JPMorgan Chase, Morgan Stanley, Goldman Sachs, Bank of America, and Deutsche Bank may participate in loans, provide mortgages, customize, and buy and sell Bitcoin.
Long term: Bitcoin prices double and then double
Speaking of a longer-term perspective (such as 25 years), Saylor predicts that Bitcoin's performance will surpass any other high-quality asset. He emphasized that its growth rate will surpass the S&P 500 index and diversified investment portfolio. Concurrent language:
Bitcoin prices will double, double, and double again, to $1 million, $2 million, or even $10 million per chip!
Microstrategy, a business intelligence (BI) software company founded by Saylor, has been continuously purchasing Bitcoin as its Treasury Reserve Policy since 2020. Currently, it holds 158400 Bitcoins with a market value of $5.88 billion and unrealized profits of $1.22 billion.
Saylor believes that the decentralized nature of Bitcoin will attract more institutional investors. Over time, more and more institutions are beginning to recognize the importance of Bitcoin in their investment portfolios and gradually increasing their holdings in Bitcoin. The inflow of institutional funds will further drive up the price of Bitcoin.
The technological development of Bitcoin will also provide support for its future growth. Currently, the expansion problem of Bitcoin still exists, but with the continuous progress of technology, the transaction speed and scalability of Bitcoin will be improved. This will enable Bitcoin to handle more transaction volume and better meet the growing market demand.
Michael Saylor believes that Bitcoin will enter a period of high growth from 2024 to 2028, with prices expected to double and double again. His viewpoint is based on various factors such as the characteristics of Bitcoin, global digital trends, and technological development. However, investing involves risks, and investors should approach it rationally
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