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Saylor argues that the traditional financial sector, with its restricted hours and high costs, seems outdated compared to Bitcoin’s always-on, 21st-century model.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.
After more than four weeks of uninterrupted investor enthusiasm, BlackRock’s iShares Bitcoin Trust has reported its steepest daily outflow since its inception, signaling a potential shift in sentiment.
Pakistan’s aggressive embrace of Bitcoin mining has drawn scrutiny from the International Monetary Fund (IMF), which is now demanding clarity on the country’s allocation of 2,000 megawatts of electricity to digital assets and AI infrastructure.
A new analysis from China’s International Monetary Institute (IMI) suggests that Bitcoin is quietly gaining ground as a serious player in the global reserve system.
Bitcoin may be on the verge of a major supply squeeze, with dwindling availability and accelerating institutional interest setting the stage for potentially explosive price action, according to Sygnum Bank’s Katalin Tischhauser.