The three- day 2024 Bitcoin Conference officially opened in Nashville, Tennessee, USA on the 25th. Michael Saylor, the founder of MicroStrategy, the dominant Bitcoin holding company among US listed companies, gave a super bullish speech on Bitcoin earlier. , triggering heated discussions in the community.
The most loyal believer in Bitcoin predicts that with the growth of global Bitcoin adoption rate, Bitcoin will reach a basic price level of US$13 million per coin by 2045, accounting for 7% of global wealth. After conversion, the remaining The average annual growth in 21 years is nearly 30%.
In a bolder prediction, Saylor believes that if there is a bull market in 2045, the value of Bitcoin may be as high as $49 million, accounting for 22% of global wealth.
Bitcoin surpasses gold?
If Bitcoin is valued at US$13 million, the market value in 2045 will reach US$280 trillion, eclipsing gold, which currently ranks first in asset market value, and 17.5 times higher than its current market value of US$16 trillion .
Although Saylor did not predict what the market value of gold will be at that time, Bitcoin is expected to become the world's most valuable asset by then.
Bitcoin outlives physical assets and is the solution to global economic woes
According to reports from Dycrypt and Cointelegraph , Saylor also said in his speech that Bitcoin may have a longer "life" than physical assets.
He believes the global economy is in trouble because we rely on imperfect assets and imperfect systems to store capital. To him, all physical assets, from stocks and bonds to Ferraris and Miami Beach real estate, are subject to laws of thermodynamics such as entropy, and none of these assets have a very long useful life.
Entropy is diluting the value of tangible assets. It's sucking away their capital and energy.
Bitcoin is immortal, immutable, and immaterial, and it is the solution to our economic woes. Cryptocurrencies do not exist in the physical world and have an infinite life cycle.
Saylor believes that the useful life of Bitcoin held by a custodian may be about 1,000 years, and the life of self-custody Bitcoin may be 10,000 years. And Bitcoin hosted by AI could last 100,000 years, he said.
The US should own most of the world’s BTC
At the same time, Saylor also called on the U.S. government to hold most of the world’s Bitcoins, believing that this would enhance the strength of the U.S. dollar. He believes that Bitcoin is an important asset of the future.
The United States must focus on the future. The future of the United States lies in cyberspace, and Bitcoin is essentially cyber Manhattan.
So the way you support the dollar is to buy Manhattan with scraps of paper and trinkets, before it's worth hundreds of billions of dollars, just like the Dutch bought New York with $50 plastic beads.
It's right in front of us. The United States owns most of the world's gold, and the US government should also own most of the world's Bitcoin.
Extended reading:The U.S. government seized another 8,100 Bitcoins, and its BTC holdings are second only to Satoshi Nakamoto!
Bitcoin briefly exceeded $68,000 this morning
Saylor himself is believed to own more than $1 billion worth of Bitcoin, and MicroStrategy's becoming the listed company holding the largest number of Bitcoins has also driven its stock price to soar. MicroStrategy currently owns approximately 226,331 Bitcoins , worth more than $15.3 billion.
Perhaps influenced by the optimistic remarks of many big names at the Bitcoin Conference, it once exceeded $68,218 this morning. At the time of writing, it has slightly pulled back to $67,676, up about 1.9% in the past 24 hours.
Further reading: Michael Saylor releases Bitcoin Catch-21: Why never sell BTC?
