Bitcoin Demand Will Boom in 2024: Micheal Saylor Predicts

Bitcoin Demand Will Boom in 2024: Micheal Saylor Predicts

FinanceBitcoin

By Miles

12 Nov 2023 (7 months ago)

1 min read

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Saylor forecasts a 10x Bitcoin boom by 2024, with big tech and banks struggling for a piece.

Michael Saylor predicts a big rise in Bitcoin demand, possibly growing 10X by 2024's end.

At the Australia Crypto Convention, Saylor outlined Bitcoin’s growth from a niche to a mainstream asset by 2024.

The Bitcoin halving in April 2024 could cut the new Bitcoin supply, while demand could skyrocket. This might lead to a price surge.

The next year is seen as Bitcoin’s "coming out party," where it will become a mature mainstream asset.

From 2024-2028, Saylor sees Bitcoin growing with big tech and mega banks competing to invest in it.

MicroStrategy’s Bitcoin holdings reflect Saylor’s confidence, with the company holding a substantial 158,400 BTC and being up $900 million on its investment.

Saylor's vision indicates that the upcoming years will be crucial for Bitcoin, as it could reach valuations once thought impossible.

Below is a chart showing Bitcoin's Price movement in the past 7 days https://coinpaprika.com/coin/btc-bitcoin/

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