Among the forces he expects to drive that growth are institutional adoption, government-level treasury strategy, and Bitcoin’s fixed supply — factors he believes will pull capital away from gold and traditional financial markets.
Numbers Tell A Complicated StoryThe current numbers don’t immediately support his case. As of the time of his interview, Bitcoin was down 12% for the year while the S&P 500 had gained 8%, according to Google Finance.
Saylor has long maintained that short-term swings don’t define Bitcoin’s trajectory, and he reiterated that position Thursday, pointing instead to what he sees as a building wave of regulatory and institutional support.
He also pointed to upcoming innovation exemption guidelines from the US Securities and Exchange Commission aimed at allowing securities tokenization on crypto networks, calling it a potentially major development for the industry.
Looking Ahead To A Bigger Market ShareSaylor has made similar predictions before. Earlier this year, he said Bitcoin would double or triple the S&P 500’s returns over the next four to eight years.
His longer-range view sees Bitcoin eventually overtaking gold in total market value by 2035, pulling in fresh capital that was previously locked in conventional assets.
Featured image from Unsplash, chart from TradingView
