According to Michael Saylor, co-founder of MicroStrategy, by the end of 2024, there might be a ten-fold increase in the demand for Bitcoin (BTC). Saylor spoke on November 10 at the 2023 Australia Crypto Convention, where she covered the important dynamics of supply and demand that will soon be in effect. The demand for Bitcoin could potentially double, triple, or even increase by a factor of ten in the coming months, he predicts, and the supply that is available for purchase will be slashed in half in April.
Saylor referred to the upcoming year for Bitcoin as its “coming out party,” marking the asset’s transition from “college” to the real world. He projects that between 2024 and 2028, Bitcoin will continue to grow rapidly as its use expands throughout the global major tech sector and megabanks, both of which will include Bitcoin into their goods and services. Saylor also predicts that businesses like Apple and Meta (Facebook) will compete fiercely to buy Bitcoin in order to make significant profits down the road.
Saylor made some audacious predictions about the future of Bitcoin, focusing on the idea that it will outperform all other high-quality assets, looking ahead 25 years. He thinks that the price of a Bitcoin coin would eventually rise to $1 million, $2 million, $5 million, or perhaps $10 million.