Speaking at the 2023 Australia Crypto Convention on November 10, Saylor provided a comprehensive outlook for Bitcoin’s trajectory over the next four to five years.
During the event, Saylor talked about the much-awaited 2024’s BTC halving. He focused on the near term, predicting that the next year will be crucial for Bitcoin. The MicroStrategy co-founder characterizes it as Bitcoin’s “coming out party” and foresees BTC evolving into an “adolescent mainstream asset” by the end of 2024. He stated:
“I think that the next 12 months are going to be a big one. Because demand [on a monthly basis] should double or triple, or maybe go up by a factor of 10, anywhere from two to 10. […] and the supply available for sale will be cut in half in April.”
In a long-term perspective spanning around 25 years, Saylor predicts Bitcoin’s dominance over any other high-quality assets. He emphasizes its potential to outpace the growth of the S&P 500 Index and diversified portfolios, stating:
“So if you think about it like that, you just say, Well, now we’re going to double, we’re going to double again, we’re going to double again, and we’re going to double again, that coin is going to continue to progress to a million dollars a coin, $2 million a coin, $5 million a coin, and $10 million a coin.”