Michael Saylor, founder of Strategy, predicts that Bitcoin's market capitalization will exceed that of gold by 2035. In an interview with Yahoo Finance, Saylor emphasized Bitcoin's fixed supply of 21 million as a key factor in its long-term valuation, suggesting that the digital asset is on a path to becoming a larger asset class than gold. Currently, Bitcoin's market cap is approximately $1.31 trillion, compared to gold's $36 trillion, requiring a 2,649% increase to match gold's valuation.
Saylor's comments coincide with Strategy nearing its 100th Bitcoin purchase, having accumulated 717,131 BTC since 2020. Despite an unrealized loss at current prices, the company continues its aggressive acquisition strategy, viewing Bitcoin as a hedge against inflation and a tool for enhancing shareholder value. Since its initial Bitcoin purchase, Strategy's stock has surged by approximately 950%, reflecting the company's significant investment in the cryptocurrency.
Michael Saylor Predicts Bitcoin Will Surpass Gold's Market Cap by 2035
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