• 34ºc, Sunny

Michael Saylor expects BTC to become an asset class and global settlement layer worth $200 trillion

Strategy founder Michael Saylor expects BTC to become an asset class worth $200 trillion by 2024, and to become the global settlement layer of the artificial intelligence-driven internet age. The adoption of the Bitcoin strategic reserve in the United States will solidify its dominance and force its global adoption. Strategy has amassed more than 500,000 bitcoins using $33 billion using innovative financial instruments such as convertible bonds and preference shares to fund its corporate bitcoin funding, while financially engineering a self-sustaining price-increase cycle. Michael Saylor has stated that he will destroy BTC before his death, rather than donate the assets, because this practice is a more ethical and reasonable form of charity and will give Bitcoin "economic immortality", making everyone in the Bitcoin network richer and more powerful.