Younger Generations Prefer Bitcoin Over Traditional Finance – Michael Saylor
07.08.2024 20:00 1 min. read Alexander Stefanov
MicroStrategy’s founder, Michael Saylor, claims that younger generations are increasingly turning away from traditional finance in favor of Bitcoin (BTC) due to its 24/7 availability and modern advantages.
In a recent CNBC interview, Saylor highlighted that millennials, born between 1981 and 1996, view Bitcoin as a superior alternative to traditional financial systems.
He points out that conventional finance is limited in its operations, often closed on weekends and requiring substantial costs to go public. In contrast, Bitcoin offers constant access and operates continuously, much like essential modern services.
Saylor argues that the traditional financial sector, with its restricted hours and high costs, seems outdated compared to Bitcoin’s always-on, 21st-century model. He suggests that if essential services like food or water were as restricted as traditional banks, it would be considered unacceptable.
Looking to the future, Saylor has forecasted a massive growth for Bitcoin, predicting an increase of over 19,000% over the next 20 years. He envisions Bitcoin’s annual rate of return (ARR) gradually decreasing but still significantly outperforming traditional investments.
By 2045, he anticipates Bitcoin could reach $13 million per coin, with a market cap of $280 trillion. He outlines a range of possible outcomes, from a $3 million bear case to a $49 million bull case, envisioning Bitcoin as a major global asset.
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