" "

Michael Saylor: "We're in a BTC gold rush," chasing $10 million in 2045

Michael Saylor: "We're in a BTC gold rush," chasing $10 million in 2045
Blockchain crypto

"We are in the midst of a bitcoin gold rush that will last until November 2034," Michael Saylor, co-founder of Microstrategy (MSTR), said at a conference. "Spot BTC ETFs have created a gold rush of institutional investors entering the market. In addition, bitcoin will have mined 99% of its total supply by 2035, and 2035 will mark the beginning of the growth phase. In addition, BTC spot ETFs currently serve only 10-20% of investors, a number that could rise to 100% once banks and other large financial institutions begin trading BTC. As demand for BTC increases, especially from high net worth individuals, banks will eventually be forced to offer BTC custody services. Eventually, bitcoin will have more trading volume than gold and even S&P500 tracking ETFs. In addition, the proliferation of artificial intelligence (AI) will require cryptographic signatures for watermarks, timestamps, messages, documents and content, which will require bitcoin. In this way, AI can drive demand for bitcoin."

blockchain crypto cryptocurrency btc 10m michael saylor gold rush (SpotedCrypto)

Meanwhile, in a recent interview with a YouTuber, former physics professor Giovanni Santostasi predicted that the price of BTC could reach $10 million by 2045. He explained that a "power law" BTC analysis model he published on Reddit in 2018 predicted a 6,300% increase in the price of BTC over 15 years. Fred Krueger, a well-known bitcoin maximalist, added: "Applying the power-law model to BTC shows that the price of BTC will reach $100,000 in the next two years." The power law model is a functional relationship between two numbers, where one number is expressed as a power of the other, and is primarily used in physics.