Micro Strategy Executive Director Michael Saylor made one of the most ambitious forecasts at the Digital Assets Summit on March 26th.
He said Bitcoin will one day reach a market capitalization of $500 trillion, surpassing gold, real estate and long-term financial assets as the top store of value.
“Bitcoin is going to make gold a demonstration,” Saylor said during his keynote speech. They will then demonstrate real estate 10 times more expensive than gold. They will then demonstrate all of their valuable long-term storage. ”
Saylor noted that capital inflows into Bitcoin are in full swing and are already underway. “A lot of capital is flowing into the network, from $20 billion to $20 billion to $200 billion to $2 trillion to $200 trillion,” he said. When it reaches $200 trillion, it will be 20% to $300, $400, or $500 trillion. ”
He described the change as an overall economic evolution from a legacy financial system to digital infrastructure. “You have the capital flowing from 20th century assets to Bitcoin, from physical to digital,” Saylor said. That cannot be stopped. ”
Saylor argues that global capital can more and more separate traditional and regional assets, including Russian real estate, Chinese private capital, and various assets spread across Africa and South America, flowing instead into Bitcoin and framing this shift from the legacy financial system to the network digital currency system.
He also resembles a historic episode in which early adopters of the new currency system gained a strategic advantage, suggesting that today’s Bitcoin investors are in the same position as value repurposes around the world.
His comments have led to more institutional interest in Bitcoin and a conversation continues about where assets evolve in the global economy.