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Billionaire Michael Saylor Explains Why Bitcoin Will Be the ‘Apex Commodity’ in New Keynote – Here’s What You Need to Know

MicroStrategy’s executive chairman, Michael Saylor, is optimistic about Bitcoin’s potential for a 1000x increase from its current price of $41,500, given sufficient time. In a recently published keynote on X, the billionaire elaborated on his belief that all major asset classes inherently appreciate against the US dollar indefinitely. Saylor argued that Bitcoin, being the world’s leading scarce, desirable, portable, durable, and maintainable asset, is poised to outpace the long-term appreciation of all other assets.

Saylor emphasized the efficacy of the HODLing strategy, stating that most other investment approaches fall short. He contrasted the average investor’s 2.9% annual returns, which surpass the standard 2% consumer inflation rate, with the challenge that almost no major asset class can consistently outperform the “real” monetary inflation rate. This inflation rate, tied to the M2 money supply growth, hovers around 7-8% per year in the United States.

The S&P index, since 2001, has merely kept pace with the monetary inflation rate, presenting limited growth. In contrast, Bitcoin, exempt from the risk of asset devaluation linked to companies issuing new shares, is positioned as the “apex ETF” of the future.

Michael Saylor contends that Bitcoin, with its fixed supply of 21 million coins, earns the title of the “apex commodity.” This distinction arises from Bitcoin’s immunity to human production, distinguishing it from commodities like wheat, lumber, and oil. Even gold, a primary competitor in the commodity realm, grapples with elevated transportation costs and challenges in auditability.

Compared to Bitcoin, real estate, considered a form of property, faces substantial drawbacks, including maintenance costs, zoning risks, immobility, and illiquidity.

Saylor suggests that Bitcoin might attract tech investors who would otherwise opt for high-performing stocks such as Apple, Amazon, and Tesla. He underscores the significant advantage of eliminating liability risks associated with corporations, presenting a notable enhancement for Bitcoin.

How Fast Can Bitcoin Go?

According to Saylor, while stocks currently yield a 7% annual return, he anticipates Bitcoin’s mature asset status will lead to a robust 14% annual return. He elaborates that Bitcoin not only lacks the risks and liabilities associated with companies but also possesses all the merits of a pure, decentralized crypto network.

Looking ahead, the billionaire foresees an even more accelerated growth rate for Bitcoin, exceeding 21% annually over the next 20 years. This projection is based on the expectation that people will increasingly reallocate their wealth into Bitcoin from alternative asset classes.

In Saylor’s calculations, he envisions that $1 million worth of Bitcoin today could potentially reach a staggering $1 billion in real terms by the year 2123.

MicroStrategy, under the leadership of Michael Saylor, gained renown for its full commitment to Bitcoin (BTC), amassing an impressive 174,000 coins since 2020. In the previous month, the company further solidified its Bitcoin holdings by purchasing $600 million worth of the digital currency through funds generated by issuing new stock.

As of Monday, MicroStrategy’s bold investment has yielded a remarkable 37% increase, translating to a substantial $2 billion in profit. Reflecting this success, MicroStrategy’s stock (MSTR) has surged by an impressive 288% year to date.

On a personal level, Michael Saylor made a significant investment in Bitcoin in 2020, acquiring over 17,732 BTC. If he has retained this holding, the investment has experienced a substantial 320% increase in value.

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I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

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