Michael Saylor Predicts Bitcoin Market Cap $200 Trillion, Calls It Immortal Asset, Urges Sovereign Funds to Buy

Michael Saylor, co-founder of MicroStrategy, has articulated a bullish outlook on Bitcoin, predicting that the cryptocurrency’s market capitalization could reach $200 trillion within the next two decades. He emphasized that artificial intelligence (AI) will play a crucial role in driving demand for Bitcoin, stating that the productivity surge from digital property, digital intelligence, and digital labor will fuel an increased need for digital capital. Saylor described Bitcoin as an “immortal asset” capable of lasting 1,000 years and the most globally interesting asset. He also compared Bitcoin favorably against gold, asserting it is 100 times better, and criticized traditional corporate financial strategies such as stock buybacks, advocating instead for companies to hold Bitcoin on their balance sheets to outperform. Saylor encouraged sovereign wealth funds from Saudi Arabia, the UAE, and Kuwait to acquire as much Bitcoin as possible. He highlighted that Bitcoin remains accessible at prices below $200,000 per coin. Additionally, Saylor noted that AI agents would prefer to settle transactions using Bitcoin due to its efficiency and neutrality as a digital asset, which aligns with the evolving AI-driven economic landscape. Other commentators have echoed this view, suggesting that Bitcoin will serve as the neutral digital asset of the AI era, facilitating real-time value settlement and conversion between fiat and stablecoins when human involvement is necessary. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant