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Edited by Kapil334 at 22-12-2023 05:20 AM
Looking ahead to the years 2024 to 2028, Michael Saylor predicts that with widespread adoption in the global tech industry and major banks, Bitcoin will continue to be in a ""high-growth phase."" Both industries are expected to integrate Bitcoin into their products and services.
Michael Saylor illustrates with an example, anticipating fierce competition between tech companies like Apple and Meta, each vying for Bitcoin and then selling it to generate substantial profits. On the other hand, major banks will also begin offering loans, mortgage loans, customization, and trading of Bitcoin.
Surging to $10 million after 25 years
Looking further into the distant future, from a long-term perspective of around 25 years, Michael Saylor's outlook for Bitcoin becomes even more grandiose. He emphasizes that Bitcoin's performance will outpace other high-quality assets, with a growth rate and compounding speed doubling that of the S&P 500 index or other asset portfolios. He says:
Following this trajectory, the price of Bitcoin will double, double again, and double yet again, steadily climbing to $1 million, $2 million, $5 million, and even $10 million.
MicroStrategy currently holds approximately 158,400 Bitcoins, with an average purchase cost of $29,668 per Bitcoin and a total cost of $4.69 billion. Based on today's Bitcoin price of $36,878, the unrealized gain on the books exceeds $1.142 billion. |
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Post time 26-11-2023 20:58:30