Demand for Bitcoin could grow by up to 10X within 12 months: Michael Saylor
The MicroStrategy co-founder emphasized that demand for Bitcoin will significantly ramp up following the halving next year.
With the Bitcoin halving just months away, MicroStrategy co-founder and Bitcoin bull Michael Saylor thinks that demand for BTC could grow by as much as 10X by the end of 2024.
During a speech at the 2023 Australia Crypto Convention on Nov. 10, Saylor was asked to give his outlook for Bitcoin and its ecosystem over the next four to five years.
In response, Saylor initially gave a rundown on the period between 2020 and 2024, noting that Bitcoin went from being seen as a “offshore unregulated asset” to an “institutionalized mainstream app.”
Honing in on the near term, Saylor said that BTC will become a “adolescent mainstream asset by the end of 2024,” as he highlighted key dynamics surrounding supply and demand that will soon come into play:
“I think that this next 12 months is going to be a big. Because demand [on a monthly basis] should double or triple or maybe go up by a factor of 10, anywhere from two to 10. [...