Bitcoin will become a $100 trillion asset class and will grow 100X from where it is today, new surprising claims by the CEO of Microstrategy. He further added that he is not worried about the regulatory issues as BTC is winning against gold as a store of value.
Bitcoin will become a $100 trillion asset class:
On Friday, CNBC has published an interview of the CEO of Microstrategy, Michael Saylor. It was a long interview in which he has touched the topics like institutional adoption of Bitcoin, crypto regulation, market volatility, Gold versus Bitcoin, and Bitcoin as the dominant asset class of this world. His firm is holding 114, 042 BTC in total and they have the plan of holding the token forever.
In response to a question about gold vs Bitcoin, he cleared that BTC is winning the race and digital gold will leave behind the real. He also said that he is not bothered by the ongoing situation of regulation in the US. Bitcoin is the only ethical, technical, and legal haven in the entire crypto ecosystem. The CEO further said that Bitcoin will become a $100 trillion asset class when he was asked about the futuristic price target. He explained:
“At the end of the decade it will have flipped gold, and then it will flip monetary indexes, a little bit of bonds, a little bit of real estate, a little bit of equity, and emerge as a $100 trillion asset class. So, 100X of where it is right now.”
Bitcoin will become a world-leading asset class that will contribute 5% to 7% in the world economy. Bitcoin will be unstoppable digital property, he further clarified. In my opinion, the views of Michael Saylor are too much optimistic. But I hope these optimistic words of the CEO become true.
Read more here.