Bitcoin will overtake gold by 2035 – Michael Saylor

Strategy founder and executive chairman Michael Saylor recently shared his views on Bitcoin's future and its potential to overtake gold in market capitalization by 2035 in an interview with Yahoo Finance. Saylor believes that Bitcoin's unique characteristics, such as its fixed supply of 21 million coins, make it a more valuable asset than gold.

Fixed Supply and Its Importance

Saylor explains that by 2035, miners will have mined 99% of all Bitcoin, leading to new coins appearing on the market increasingly infrequently. He calls this point the "year 0.99," after which Bitcoin's supply will become extremely limited. The final 1% of Bitcoin will only be mined within the next hundred years, which, according to Saylor, will create extreme scarcity and strengthen the long-term prospects of the world's first cryptocurrency.

Bitcoin as Digital Gold

The CEO of the largest public Bitcoin holder emphasizes that growing interest from financial companies and large investors suggests that Bitcoin is increasingly perceived as "digital gold." This change in perception could contribute to an increase in its market capitalization.

Currently, Bitcoin's market capitalization is approximately $1.9 trillion, while gold's market capitalization exceeds $29 trillion. For Bitcoin to overtake gold in market capitalization, its price must rise to at least $1.4 million per coin.

Forecasts and Current Situation

Saylor urges investors not to delay buying Bitcoin, arguing that "the last 1% of remaining Bitcoin will be mined for the next hundred years." He is confident that Bitcoin will become a larger and more valuable asset than gold.

Saylor predicts that the leading cryptocurrency should reach $150,000 by the end of the year. However, Bitcoin is currently under bearish pressure and has fallen below $96,000.

In Conclusion

Michael Saylor remains optimistic about Bitcoin's future, emphasizing its unique characteristics and growing investor interest. If his predictions come true, Bitcoin could become the leading financial market, surpassing gold in market capitalization by 2035.