Thomas Daniels
According to MicroStrategy Executive Chairman Michael Saylor, the market valuation of Bitcoin is expected to reach $20 trillion and then approach $200 trillion.
Saylor referred to Bitcoin as the “greatest economic program of the 21st century” in an interview with CNBC, and he recommended that the United States include it in its strategic reserve. Saylor has been a longtime supporter of the cryptocurrency and has interacted with politicians from all major parties, including those in the Trump administration.
The Function of Bitcoin in the World Economy
Saylor positioned Bitcoin as an asset class that challenges international stocks and real estate, rather than as a rival to the US dollar. The market value of Bitcoin is currently at $2 trillion. It will reach $20 trillion and then $200 trillion, with an annual growth rate of 20%,” he said.
He added that the United States could drastically lower its national debt if it were to purchase 10–20% of the Bitcoin network.
Resolving Issues with Volatility
Saylor addressed worries about Bitcoin’s volatility by drawing a comparison to past land purchases in the United States. We made a wise deal when we paid 60 guilders for Manhattan. We made a wise bargain when we paid $6 million for Alaska. “It’s a good trade—we paid $40 million for 75% of this country,” he said.
Saylor also emphasized the decentralization of Bitcoin as a key benefit, highlighting the fact that it is a digital asset devoid of a central authority or issuer. “It’s the best-performing asset of the past 15 years and, generally, the best-performing asset every single year,” he said, highlighting its prior record.
