Bitcoin (CRYPTO: BTC) advocate and MicroStrategy (NASDAQ:MSTR) executive chairman Michael Saylor asserts that Bitcoin's meteoric rise to over $100,000 has decisively proven its legitimacy and laid the groundwork for its potential ascent to $13 million per coin.
In a podcast with Tom Bilyeu published on Dec. 17, Saylor predicted Bitcoin will grow at an average annual rate of 29%, fueled by increasing institutional participation and broader educational initiatives aimed at demystifying the asset.
He described Bitcoin as the world's first "perfect money" and the most efficient store of value ever engineered
Bitcoin's volatility is a feature, not a flaw, stemming from its superior design as a monetary network, according to Saylor.
Education And Institutional Guidance
"Education and adoption go hand in hand," he explains, envisioning a future where Bitcoin becomes a mainstream financial asset akin to digital gold.
Saylor emphasized the significance of institutional backing, such as BlackRock's recommendation to allocate 2% of portfolios to Bitcoin. He interprets this guidance as a milestone in Bitcoin's journey toward broader acceptance.
Corporate Strategies
Companies like MicroStrategy and Riot (NASDAQ:RIOT) are leading the way in adopting the "Bitcoin standard" by recapitalizing their balance sheets with Bitcoin.
Saylor views this trend as indicative of a long-term shift in corporate finance, where firms leverage Bitcoin's appreciating value as a strategic reserve.
Strategic Reserve
Saylor also highlights the potential for Bitcoin to serve as America's strategic digital reserve, citing advocacy from political figures like Senator Cynthia Lummis (R-Wyo.). He argues that Bitcoin's incorruptibility and robustness make it a compelling choice for nations seeking reliable economic reserves.
What's Next: Saylor compares Bitcoin's adoption to the inevitability of water flowing downhill due to gravity, predicting that as its advantages become increasingly evident, capital will naturally gravitate toward it.
- Michael Saylor Proposes US Digital Assets Framework, Backs Bitcoin Reserve Capable Of Generating $16–$81 Trillion In Wealth
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