2024

Bitcoin

Atlantis

<h2 id="key-points">Key Points</h2>
<ul>
 <li>MicroStrategy chairman Michael Saylor predicts a decade-long institutional “gold rush” for Bitcoin (BTC) spurred on by spot Bitcoin ETFs and autonomous AI.</li>
 <li>Saylor anticipates that by 2035, 99% of all Bitcoin will have been mined, marking the start of the “growth phase”.</li>
</ul>
<p>Michael Saylor, the chairman of MicroStrategy, has predicted a decade-long institutional “gold rush” for <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC).</p>
<p>This surge, he suggests, will be driven by the launch of spot Bitcoin ETFs and the rise of autonomous artificial intelligence.</p>
<h2 id="bitcoin-s-gold-rush-era">Bitcoin’s ‘Gold Rush’ Era</h2>
<p>At the Bitcoin Atlantis conference on March 1, Saylor stated that Bitcoin is now in a period of “high growth institutional adoption” following the launch of spot Bitcoin ETFs.</p>
<p>He said, “I think that we’re in the Bitcoin gold rush era. It started in January of 2024 and will run until about November of 2034.”</p>
<p>By 2035, Saylor believes that 99% of all Bitcoin will have been mined, indicating the commencement of the “growth phase”.</p>
<h2 id="bitcoin-etfs-and-autonomous-ai">Bitcoin ETFs and Autonomous AI</h2>
<p>According to Saylor, spot Bitcoin ETFs currently serve as a “distribution channel” to 10-20% of interested parties. However, he expects this figure to rise to 100% once banks and institutional wirehouses begin facilitating Bitcoin trades.</p>
<p>He also predicts that almost all banks will eventually be pressured into custodying Bitcoin due to demand from their largest clients.</p>
<p>Saylor also sees Bitcoin as essential for securing the internet against malicious actors in the AI revolution.</p>
<p>Furthermore, he believes that Bitcoin will benefit from developments in autonomous AI as it will need to be powered with digital energy.</p>
<p>On the subject of environmental concerns, Saylor argued that as Bitcoin becomes more energy-efficient, focus is shifting to AI’s energy demands.</p>
<p>Investment strategist and Bitcoin commentator Lyn Alden suggested that there could also be more demand for Bitcoin as nation-states start embracing BTC.</p>
<p>Alden also highlighted that some countries have adopted a “short-term thinking” mindset by restricting or banning Bitcoin out of fear that it may threaten their own currency, which can cost them investment opportunities in the long run.</p>
<p>Lawrence Lepard, an investment manager and Bitcoin advocate, added that capital controls imposed by oppressive regimes only tend to drive adoption.</p>
<p>Despite a previous ban on Bitcoin and cryptocurrencies, Nigeria boasts the highest peer-to-peer market volumes in the world, Alden noted.</p>

Decade of Bitcoin Boom: AI and ETFs Key Drivers, Insists Michael Saylor

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