Michael Saylor, co-founder of MicroStrategy, predicts that BTC demand might increase by a factor of 10 by the end of 2024, thanks in large part to the next Bitcoin halving. On November 10th, Saylor spoke at the 2023 Australia Crypto Convention, where he was asked to forecast the future of Bitcoin and its associated ecosystem over the course of the next four to five years.
In response, Saylor originally presented a breakdown on the era between 2020 and 2024, stating that Bitcoin changed from being considered as an “offshore unregulated asset” to an “institutionalized mainstream app.”
Banking on Bitcoin
Focusing on the short term, Saylor predicted that Bitcoin will become a “adolescent mainstream asset by the end of 2024,” citing important supply and demand forces that would soon come into play.
Saylor stated:
“I think that this next 12 months is going to be a big. Because demand [on a monthly basis] should double or triple or maybe go up by a factor of 10, anywhere from tw
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