Michael Saylor Explains Bitcoin’s Superiority, Sees a Spike to $13 Million Per BTC: Here’s His Timeline
Liberty Vault posted a video that addresses Michael Taylor’s views about Bitcoin in comparison to other financial assets. The former CEO of MicroStrategy also stated his expectations from BTC in the future.
Michael Saylor emphasizes the need to rebuild the global economy with digital capital, specifically Bitcoin. He stated that 20th-century ideas and technology result in slow and expensive processes and are already outdated.
In explaining the global distribution of wealth, he mentioned that total assets amount to $900 trillion in physical and financial assets, with Bitcoin representing a small fraction.
Saylor also explained the concept of long-term capital, differentiating utility value and store of value, and the inefficiencies in current capital preservation methods.
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Financial Assets and Their Longevity
The financial expert also talked about other financial assets and their longevity so far:
- Peso (2 years)
- Turkish Lira (3 years)
- US Dollar (14 years)
- Hedge Funds, Treasuries, Mutual Funds (up to 100 years) These assets are affected by inflation, taxes, competition, and other economic frictions that reduce the value of financial assets.
To explain how Bitcoin can transform the financial system, Saylor references physical assets and their limitations. He mentioned cars, yachts, mines, silver, gold, land, and paintings. These physical assets require high maintenance and operational costs, which can reduce their lifespan.
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Bitcoin (BTC), on the other hand, is immortal and immutable. It has an infinite lifespan and is not affected by physical world issues. It is also offering a transformation from financial and physical assets to digital assets.
He also talked about the longevity of Bitcoin. Institutional-grade custodians can maintain Bitcoin for 1,000 years. With self-custody, the longevity can be up to 10,000 years. AI maintenance can potentially sustain Bitcoin for 100,000 years.
Bitcoin Price Predictions for 2045
The expert predicts the potential price of BTC by 2045. He thinks for a base case, the price could spike to $13 million per Bitcoin. For a bear case, we could see a spike to $3 million. A bull case could see a price spike to $30 million.
Artificial Intelligence and technology will drive growth in equities and demonetize traditional assets. This will help digital assets like Bitcoin grow very well.
Strategies for Individuals and Corporations
Saylor suggests converting excess earnings into Bitcoin and avoiding high-risk leverage. They should also use tax-efficient methods.
He also advised converting capital and cash flows to Bitcoin avoiding dilutive financial practices and investing in Bitcoin to preserve long-term capital and avoid short-duration financial instruments.
He also thinks nations should issue currency and debt to buy Bitcoin, encourage Bitcoin ownership, and integrate it with the banking system.
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