BTC Demand Set To Rise 10x in 12 Months: Saylor
MicroStrategy co-founder Michael Saylor predicts that Bitcoin’s demand could grow by 10X by the end of 2024.
The asset has transitioned from an offshore unregulated asset to an institutionalized mainstream app, with monthly demand expected to double or triple.
Supply for sale will be cut in half in April, resulting in half a billion Bitcoin available for miners each month. Saylor sees the next 12 months as Bitcoin’s “coming out party” as it graduates from college and enters the real world.
Adoption will continue to grow across the tech industry and mega banks, with both sectors integrating Bitcoin into their products and services. Competition will be intense among Wall Streeters, crypto exchanges, and other tech companies, as well as when big mega banks or Bitcoin custodians make loans, give mortgages, customize it, and buy and sell it.
Saylor believes that Bitcoin will outperform any other high-quality asset, growing twice as fast or compounding twice as fast as the S&P 500 Index or other diversified high-quality portfolios.
(With inputs from Shikha Singh)
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