{"id":14548,"date":"2021-11-21T00:54:07","date_gmt":"2021-11-21T00:54:07","guid":{"rendered":"https:\/\/www.buyucoin.com\/crypto-labs\/microstrategy-ceo-discusses-bitcoin-becoming-100-trillion-asset-class-says-btc-will-grow-100x\/"},"modified":"2021-11-21T00:54:07","modified_gmt":"2021-11-21T00:54:07","slug":"microstrategy-ceo-discusses-bitcoin-becoming-100-trillion-asset-class-says-btc-will-grow-100x","status":"publish","type":"post","link":"https:\/\/www.buyucoin.com\/crypto-labs\/microstrategy-ceo-discusses-bitcoin-becoming-100-trillion-asset-class-says-btc-will-grow-100x\/","title":{"rendered":"Microstrategy CEO Discusses Bitcoin Becoming $100 Trillion Asset Class \u2014 Says BTC Will Grow 100X"},"content":{"rendered":"

The CEO of Microstrategy says that bitcoin will emerge as a $100 trillion asset class and will grow 100X from where it is today. He said the cryptocurrency is winning against gold as a store of value and he is not worried about regulation. \u201cI\u2019m not at all troubled with the regulations that\u2019s going on right now.\u201d<\/strong><\/p>\n

\u2018Bitcoin Is Winning, Gold Is Losing\u2019 as Store of Value<\/h2>\n

Microstrategy CEO Michael Saylor talked about the future outlook for bitcoin in an interview with CNBC Friday. He discussed the institutional adoption of bitcoin, crypto regulation, market volatility, gold versus bitcoin, and BTC<\/a> as the world\u2019s dominant digital asset and safe-haven investment.<\/p>\n

His company currently hodls<\/a> 114,042 BTC<\/a>. He was asked whether he is going to keep stacking bitcoin at the current price or wait for a further pullback. He replied: \u201cWe are going to keep stacking forever.\u201d<\/p>\n

On the topic of bitcoin vs. gold, Saylor was asked whether he thinks \u201cbitcoin has replaced, or will replace, or is in the process of replacing gold as the store of value for most investors.\u201d Noting the advantages of bitcoin over gold, such as the ease of transfer the low storage cost, he said:<\/p>\n

It\u2019s pretty clear that bitcoin is winning, gold is losing \u2026 and it\u2019s going to continue \u2026 It\u2019s pretty clear digital gold is going to replace gold this decade.<\/p>\n

Regarding regulation, including the controversial crypto provision in the $1 trillion infrastructure bill, Saylor said, \u201cI\u2019m not at all troubled with the regulations that\u2019s going on right now.\u201d<\/p>\n

He explained, \u201cThe safe haven for institutions is to use bitcoin as a store of value,\u201d emphasizing that \u201cBitcoin is the only ethical, technical, and legal safe haven in the entire crypto ecosystem.\u201d<\/p>\n

The pro-bitcoin Microstrategy boss noted that the crypto regulation that is being discussed in Washington will \u201chave an impact on security tokens, defi [decentralized finance] exchanges, crypto exchanges, all the other use cases of crypto that are not bitcoin.\u201d<\/p>\n

\u2018Unstoppable\u2019 \u2014 Bitcoin to Become $100 Trillion Asset Class, a 100X Increase<\/h2>\n

Saylor was also asked what he expects in terms of a realistic price target for bitcoin and whether he sees BTC<\/a> being worth $1 million a coin someday. He replied that if bitcoin doubles every year, then:<\/p>\n

At the end of the decade it will have flipped gold, and then it will flip monetary indexes, a little bit of bonds, a little bit of real estate, a little bit of equity, and emerge as a $100 trillion asset class. So, 100X of where it is right now.<\/p>\n

He continued: \u201cWhen we get there, it will be 5% to 7% of the worldwide economy. The U.S. dollar will probably replace 150 currencies. Maybe there will only be 2 to 3 left. There might be the euro, the CNY, and the dollar. Everything else is probably going to disappear. And then bitcoin will be the world\u2019s monetary index. If you simply want to keep your money, and you don\u2019t want to express a credit sentiment, or an equity sentiment, or some property or real estate sentiment.\u201d<\/p>\n

Lastly, Saylor was asked how countries will react to the scenario he described and whether bitcoin is unstoppable or whether getting to the point he described will depend on governments. He affirmed:<\/p>\n

I think bitcoin is unstoppable as digital property.<\/p>\n

He proceeded to explain that there will be three classes of countries. The communist countries, such as North Korea, \u201cwill not give you property rights\u201d and \u201cwill not let you own anything,\u201d he described, adding that \u201cThey will probably ban it.\u201d<\/p>\n

The second category comprises countries with weak currencies. They \u201cwill have capital controls. They will let you own it but they don\u2019t want you to exchange it or trade it,\u201d Saylor noted. He then pointed out: \u201cIt\u2019s not illegal to own bitcoin in China. They just don\u2019t want you to move billions of dollars out of their economy.\u201d<\/p>\n

The third category comprises western nations that have strong currencies, like the U.S. dollar. \u201cOf course, it\u2019s going to be deemed property,\u201d Saylor said. \u201cYou will pay capital gains tax when you sell it.\u201d<\/p>\n

Do you agree with Michael Saylor? Let us know in the comments section below.<\/strong><\/em><\/p>\n

Bitcoin News
\nMarkets and Prices, bitcoin 100x, bitcoin asset class, bitcoin flipped gold, bitcoin institutions, Bitcoin Price, Bitcoin regulation, bitcoin replacing gold, bitcoin store of value, bitcoin trillion, Bitcoin vs gold, Regulation, Regulators, trillion dollar asset<\/p>\n","protected":false},"excerpt":{"rendered":"

The CEO of Microstrategy says that bitcoin will emerge as a $100 trillion asset class and will grow 100X from where it is today. He said the cryptocurrency is winning against gold as a store of value and he is not worried about regulation. \u201cI\u2019m not at all troubled with the regulations that\u2019s going on…<\/p>\n","protected":false},"author":0,"featured_media":14549,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[53,3],"tags":[],"class_list":["post-14548","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain-news","category-coin-news"],"_links":{"self":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14548"}],"collection":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/comments?post=14548"}],"version-history":[{"count":0,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/posts\/14548\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media\/14549"}],"wp:attachment":[{"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/media?parent=14548"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/categories?post=14548"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.buyucoin.com\/crypto-labs\/wp-json\/wp\/v2\/tags?post=14548"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}