Saylor Says Bitcoin Will Top Gold by 2035 as Strategy Deepens Treasury Bet
He cites bitcoin's fixed issuance schedule as the force he believes will drive its value past gold.
Overview
- Speaking at Yahoo Finance Invest, Michael Saylor said he has no doubt bitcoin will become a larger asset class than gold by 2035.
- Strategy disclosed buying 487 bitcoin over the past week, bringing its holdings to 641,692 BTC, or roughly 3% of the total supply.
- Bitcoin's market value is about $2.04 trillion versus gold's $29.2 trillion, implying a price above roughly $1.4 million per coin for parity.
- After an October crypto sell-off and derivatives unwinds, gold has outpaced bitcoin year to date and Strategy's shares are down about 22%.
- Saylor dismissed short sellers, noting Jim Chanos exited his MSTR bet, and he pointed to stronger network and institutional signals including record hashrate, growing layer-2 use, and normalized spot ETF inflows.