Michael Saylor, co-founder and executive chairman of MicroStrategy, has reiterated his optimistic vision for Bitcoin, predicting that this cryptocurrency could grow at a rate of 30% per year over the next 20 years. In a conversation with CNBC, Saylor relied on the limited supply of Bitcoin with a fixed number of 21 million coins and its global accessibility as a financial network.

Scarcity is the Core Point of Bitcoin's Value

Since 2020, Saylor has positioned MicroStrategy as the most active Bitcoin buyer, owning over 226,000 BTC. In a recent post on X, he shared a chart indicating the increasing number of Bitcoin held by the company with the caption 'Bitcoin is being sold,' fueling rumors of another large purchase that could happen soon.

Your argument is very clear: limited supply combined with the increasing acceptance by organizations and businesses creates a foundation for long-term growth. While supporters back this argument, class critics argue that the scale and timing of your predictions contain much uncertainty.

Experts Share Perspectives

Not all experts agree with Saylor's viewpoint. A comment nicknamed Bitcoin Hopium suggests that Bitcoin could yield higher returns, doubling every year. However, such predictions still fall outside the expectations of the professional community.

Skeptics emphasize Bitcoin's volatility, potential legal challenges, and the difficulty of making accurate forecasts for the next 20 years. Optimists respond that wider acceptance by businesses, investment funds, and governments could stabilize demand and validate Saylor's argument.

Focus on Institutional Acceptance

Investors closely monitor signals from MicroStrategy, as the company often reveals large Bitcoin purchases after Saylor makes public comments. The trend of these companies participating is also reflected in Japan, where Metaplanet, a Tokyo-listed company, announced it had purchased 103 BTC for $11.7 million, with an average price of $113,491. The company currently holds nearly 19,000 BTC with an average purchase price of $102,712, joining the growing list of public companies integrating Bitcoin into their balance sheets.

Looking Ahead

Saylor's forecasts stand out not only for their optimism but also for their long-term vision. Few in the cryptocurrency space dare to make long-term forecasts extending beyond 20 years. Bitcoin achieving this growth depends on overall economic trends, regulatory clarity, and acceptance by institutions.

Currently, Saylor's words, MicroStrategy's actions, and companies like Metaplanet increasing their investment in Bitcoin ensure that Bitcoin remains the focal point of discussion among global investors.

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