TokenDices

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Michael Saylor predicts Bitcoin demand to potentially increase by 10 times in the next year.

Michael Saylor predicts Bitcoin demand to potentially increase by 10 times in the next year.

MicroStrategy co-founder, Michael Saylor, believes that demand for Bitcoin will increase significantly following the halving next year. He predicts that demand for BTC could grow by as much as 10 times by the end of 2024. Saylor also highlighted the dynamics of supply and demand, noting that the supply available for sale will be cut in half after the halving. He described the next 12 months for Bitcoin as its “coming out party” and predicted continued high-growth adoption in the tech industry and mega banks. Saylor expects competition among companies like Apple and Facebook to acquire BTC for major profits. Looking further into the future, he emphasized that Bitcoin will outperform any other high-quality asset. MicroStrategy currently holds around 158,400 BTC.