With the launch of US ETFs, a new era has begun for Bitcoin (BTC). At least that's what Michael Saylor, perhaps the greatest Bitcoiner of all time, thinks. According to Saylor, this new era can be compared to the gold rush.
The Bitcoin “gold rush” has begun
On the BitcoinAtlantis At the conference, Saylor spoke about the new era of Bitcoin. He believes that since the launch of ETFs, we have entered a period of “strong growth in institutional adoption.”
“I think we are at the peak of the Bitcoin gold rush. It started in January 2024 and will continue until November 2034.”
Saylor said. But why this specific date for the end of the Bitcoin “gold rush”? By 2035, 99% of all bitcoins will be mined, meaning the distribution of bitcoins will more or less end. The final 1 percent will then be extracted over the next 100 years. Currently, 93.5% of all Bitcoin has been mined.
ETFs are just the beginning, according to Saylor. According to him, there will come a time when all banks will facilitate the purchase and management of Bitcoin. Capital will also continue to flow into Bitcoin ETFs and will eventually outpace the value of gold and the S&P 500.
However, this will not be a matter of months, but rather a matter of years, Saylor believes. Then, in 2034, Bitcoin will be the financial standard and will enter the so-called “growth phase.”
Bitcoin and artificial intelligence
He also made an interesting statement at the conference on Artificial Intelligence (AI). Saylor believes that AI is of course indispensable in today's digital world, and Bitcoin will also have similarities to AI.
For example, he believes that autonomous AI will require digital power. This will be Bitcoin. Remarkably, this is a claim also made by Arthur Hayes, former CEO of BitMEX, last year. He said that at the time Bitcoin is all that artificial intelligence needs to survive. For example, Bitcoin is not permitted, it is always available and rare. Read more about this interesting theory about the coexistence of AI and Bitcoin in this article.
Temporarily €20 in free cryptocurrency of your choice
Are you ready to dive into cryptocurrencies and consider buying Bitcoin or perhaps a Shiba Inu? In collaboration with Bitvavo, the largest cryptocurrency exchange in the Netherlands, we have a special deal for our readers. I got Free encryption.
Register with Bitvavo today via the button below and receive 20 EUR in cryptocurrencies of your choice for free. Plus you benefit from it too Zero trading fees On your first 10,000 euros in transactions. This is your chance to start investing in the world of cryptocurrencies at no additional cost.
Post views: 4500
“Coffee buff. Twitter fanatic. Tv practitioner. Social media advocate. Pop culture ninja.”
More Stories
Strong increase in gas export pipeline from Norway to Europe
George Louis Bouchez still puts Julie Tatton on the list.
Thai Air Force wants Swedish Gripen 39 fighter jets