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Michael Saylor predicts Bitcoin demand could increase by 10 times in the next year

Michael Saylor predicts Bitcoin demand could increase by 10 times in the next year

The co-founder of MicroStrategy, Michael Saylor, predicts that demand for Bitcoin will increase significantly after the halving event next year. He believes that BTC could experience a growth of up to 10 times by the end of 2024. Saylor made these remarks during a speech at the 2023 Australia Crypto Convention, where he discussed the future of Bitcoin and its ecosystem. He mentioned that Bitcoin has transitioned from being seen as an unregulated asset to becoming a mainstream investment. Saylor emphasized the impact of supply and demand dynamics on the price of Bitcoin, stating that the halving will reduce the available supply for sale while demand is expected to increase. He described the next 12 months as Bitcoin’s “coming out party” and predicted continued high-growth adoption in the tech industry and mega banks. Saylor also mentioned the potential competition among companies like Apple and Meta (Facebook) to acquire BTC for future profits. Looking even further into the future, Saylor believes that Bitcoin will outperform any other high-quality asset and could reach prices of millions of dollars per coin. Currently, MicroStrategy holds around 158,400 BTC, with a significant increase in its investment value.

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