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Saylor, who predicted $13M Bitcoin, says it will be the largest asset in four years
On March 11, at the Bitcoin Policy Institute, Saylor said Bitcoin is not merely an asset class but a new form of digital capital that will be a permanent and fundamental element of the U.S. economy.
In his "Strategic Bitcoin Reserve: A Strategy for U.S. Digital Supremacy" presentation, he explained that the Bitcoin reserve could mean that the U.S. Treasury has another $3 trillion to $106 trillion in value to add to the balance sheet by 2045.
His model predicts that Bitcoin could outperform as an asset over traditional capital preservation assets worldwide — e.g., real estate, bonds, etc. His presentation said Bitcoin is the next wave because it has the fastest growth rate, is being adopted globally, and is becoming increasingly relevant in digital finance.
Saylor said, "Bitcoin will be the largest asset in four years."
On-chain data supports Saylor's optimism
While Saylor defends Bitcoin as the underlying structure for U.S. corporate finance, on-chain data supports his outlook. Analyst Ali Martinez stated that in the past 96 hours, more than 36,000 Bitcoins were pulled from exchanges, a typical sign of accumulation from institutions and whales.
In support, Martinez posted data from Glassnode that indicated Bitcoin balances on exchanges have drastically declined, supporting the narrative that large-scale players are moving Bitcoin to cold storage.
An increase in large Bitcoin withdrawals from exchanges indicates that institutional and corporate buyers are becoming more confident and viewing their stake in Bitcoin as a long-term position. When Bitcoin is removed from exchanges, it decreases the supply available for trade, usually resulting in a more stable price and potential price increase.
In a podcast on Nov. 19, 2024, Patrick Bet-David ran calculations suggesting MicroStrategy could become a $10 trillion company within two decades if Bitcoin hits $13 million. "You're estimating it to be a $10.5 trillion company in 21 years. Is that correct?" he asked. Michael Saylor agreed, saying, "With that math, yeah."
Bitcoin is trading at $80,330.21 at press time, down by 3.53, according to Kraken's price feeds.