Bitcoin Backer Predicts Massive Growth

MicroStrategy founder envisions each Bitcoin worth $21 million by 2046

Once dismissed as a techie toy, Bitcoin now commands global attention, influencing governments, financial institutions, and early adopters like **Michael Saylor**, whose MicroStrategy is making waves with its substantial holdings.

Corporate Crypto Pioneer

**Michael Saylor** recalls being mocked when MicroStrategy started investing in Bitcoin back in 2020. Now, as the company with the largest corporate Bitcoin holdings worldwide, **Saylor** notes, “those who laughed now ask how we did it.”

MicroStrategy’s shares, after years of stagnation, have surged, driven by investors who see the company as a simpler way to gain Bitcoin exposure without managing private keys and wallets. Central banks, according to **Saylor**, have also begun to invest.

Bitcoin is Hope. pic.twitter.com/m4qWjtYtIV

— Michael Saylor⚡️ (@saylor) April 4, 2024

Bitcoin’s Enduring Appeal

**Saylor** dismisses concerns about Bitcoin’s technological evolution, arguing, “Bitcoin doesn’t need new gadgets… Stability. That’s his strength.” He likens it to a rock, solid and unyielding, providing a foundation in a changing world. Indeed, institutional interest is surging; approximately 76% of the world’s largest sovereign wealth funds and public pension funds may be exploring crypto investments (Global Custodian 2024).

While some view him as a preacher, **Saylor** clarifies, “my faith is not a religion in the classical sense… I offer immortality economic. I preach the ideology of freedom, responsibility and patience. People are beginning to understand it.”

Replacing Gold

**Saylor** doubled down on his prediction that Bitcoin will supplant gold, stating, “21 million bitcoins, there will be no more. Each of them will cost at least $ 21 million by 2046… This is not a wish, it is mathematics.” He attributes Bitcoin’s rise to scarcity, distrust in fiat currency, technological advances, and geopolitical shifts. He also noted that the potential election of a pro-Bitcoin president in the U.S. could accelerate its adoption.

Despite the company’s heavy investment in Bitcoin, **Saylor** insists it’s not a gamble but “a life strategy,” emphasizing that long-term holding mitigates volatility.

Investment Advice

Asked if it’s too late to invest, **Saylor** responded, “It’s always late and it’s never. It is important to understand the principle… Bitcoin is not a sprint. It’s a marathon. And the sooner you run, the sooner you arrive.”

Prague’s Allure

**Saylor** finds Prague particularly appealing, citing its “special energy” and the receptive audience, possibly due to their “own experience in losing freedom.” He emphasizes that Bitcoin is “about freedom, control over your own life and the future without manipulation.”

Ultimately, **Saylor** says he offers “Salvation… Not the spiritual, the economic one. And nowadays, let’s say it, what more would you want?”