MicroStrategy Executive Chairman Michael Saylor made one of his most ambitious forecasts at the Digital Asset Summit on March 26.
He said that Bitcoin will one day reach a market cap of $500 trillion and surpass gold, real estate, and long-term financial assets as the top store of value.
“Bitcoin is going to demonetize gold,” Saylor said as he delivered his keynote. Then it’s going to demonetize real estate that’s 10x more than gold. Then it’s going to demonetize every long-term store of value.”
Saylor noted that the capital inflow into Bitcoin is in full swing and already underway. “Dollars of capital are flowing into the network. It’s going to go from $2 billion to $20 billion to $200 billion to $2 trillion to $20 trillion to $200 trillion,” he stated. When it gets to $200 trillion, it’ll chop along and plus 20% to eventually $300, $400, $500 trillion.”
He explained the change as an overall economic evolution from legacy financial systems to digital infrastructure. “You have capital flowing from 20th-century assets to Bitcoin… from physical to digital,” Saylor said. It’s unstoppable.”
Saylor argued that global capital could increasingly leave traditional and regional assets, such as real estate in Russia, private equity in China, and assorted assets spread across Africa and South America, and flow into Bitcoin instead in framing this shift from a legacy financial system to a network digital monetary system.
He also drew parallels to historical episodes in which early adopters of new monetary systems gained a strategic advantage, suggesting that today’s Bitcoin investors could find themselves in the same position as value re-appropriates across the globe.
His comments come as more institutional interest in Bitcoin is building up, and conversations about the asset’s evolving place in the global economy continue.
