Bitcoin may break the $280 trillion market capitalization milestone, according to Saylor.
The coin is becoming an alternative to physical gold for asset managers.
Strategy Inc. Chairman Michael Saylor has released a jaw-dropping Bitcoin (BTC) price and market capitalization forecast. In his latest speech, Saylor said Bitcoin would become a global powerhouse and predicted a $280 trillion valuation for the leading coin.
Strategy Chairman Hails Bitcoin as a Digital Gold
Michael Saylor made the bold Bitcoin prediction at Strategy’s Bitcoin for Corporations Conference on May 6. Saylor foresees Bitcoin growing from a $2 trillion valuation to become a $280 trillion asset in the next 20 years.
He described Bitcoin as a global monetary asset, the digital gold, 100 times better than gold. Saylor emphasized that most investments termed “smart”, such as hedge funds and pensions, have failed to outperform the S&P 500 Index in the past decade.
However, while the S&P is highly pro
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