What will happen to Bitcoin in the next 8 years? Michael Saylor interferes

Veröffentlicht:

Aktualisiert:

Von:

Michael Saylor, co-founder and chairman of the American business intelligence company Microstrategy has announced what will happen in the next eight years with Bitcoin (BTC), and sketched how it will come into play.

in a recent Interview clipped together with Cory, the founder and CEO of Swan Bitcoin, said Saylor that he sees Bitcoin a global value reservation by 2031.

institutional adoption

According to him, the institutional acceptance is one of the first drivers for global value storage status of digital assets in the coming years. The Bitcoin advocate believes that institutional takeover by the "statements" of the United States Commodity Futures Trading Commission (CFTC), the Securities and Exchange Commission (SEC) and decisions of traditional financial institutions are possible.

Saylor mentioned some traditional financial institutions, such as z Black Rock and loyalty recently accept Bitcoin due to its potential, although they have previously distanced themselves from the asset.

The explosion of the Lightning network

The Microstrategy Co-founder also cited the explosive growth of the Lightning network as another factor that makes the digital well into a global value reservation.

The Lightning network is a layer 2 solution based on the Bitcoin protocol to make transactions faster and cheaper. Interesting, Microstrategy plans the development of applications that are supported by the support Lightning network that could reach millions of users.

According to the Saylor, the development of "killer apps" such as Lightning Wallets that move digital dollars and BTC and change in and out of the local currency will create a massive demand for the asset.

"I just describe it in 1991 and we had the internet, but not a lot of people. In 1994 they had the Netscape browser, and now it was the killer app for the Internet, and 100 million people soon downloaded this browser and he started fire," he said.

macroeconomic headwind

The billionaire also noted that macroeconomic headwind, such as the interest rate increases of the US Federal Reserve, are important factors that will help Bitcoin achieve global value storage status.

In order to tame inflation, the Fed increased the Federal Funds Rate seven times in 2022, and it is expected that more will happen this year. Saylor explained that inflation would increase as soon as the FED reduces its interest rate increases, which a marketing driver will be for the leading cryptocurrency.

According to the CEO of Microstrategy, the combination of these factors "play against the new reality: Bitcoin is the only digital good, it is the only crypto-asset, and there is no two best crypto-asset".

.