Billionaire Michael Saylor Explains Why Bitcoin Will Be the ‘Apex Commodity’ in New Keynote – Here’s What You Need to Know

Last updated:
Freelance Journalist
Freelance Journalist
Andrew Throuvalas
About Author

Andrew is a journalist and content writer with a passion for Bitcoin. His work has been featured with Cryptonews, Decrypt, CryptoPotato, and Bitcoin Magazine, among others.

Last updated:
Why Trust Cryptonews
Cryptonews has covered the cryptocurrency industry topics since 2017, aiming to provide informative insights to our readers. Our journalists and analysts have extensive experience in market analysis and blockchain technologies. We strive to maintain high editorial standards, focusing on factual accuracy and balanced reporting across all areas - from cryptocurrencies and blockchain projects to industry events, products, and technological developments. Our ongoing presence in the industry reflects our commitment to delivering relevant information in the evolving world of digital assets. Read more about Cryptonews
Michael Saylor. Source: a video screenshot, Natalie Brunell / YouTube

MicroStrategy’s executive chairman Michael Saylor believes that Bitcoin (BTC) can still be 1000x from its current price of $41,500 – if given enough time.

In a keynote published to X on Monday, the billionaire explained how all major asset classes appreciate against the US dollar in perpetuity, and argued that BTC will appreciate faster than all others in the long run.

“Bitcoin is the world’s leading scarce, desirable, portable, durable, and maintainable asset,” said Saylor, adding that most investment strategies besides HODLing “don’t work.”

On one hand, the average investor earns 2.9% returns per year and outperforms the standard 2% consumer inflation rate. On the other, almost no major asset class is capable of outperforming the “real” monetary inflation rate – or rate of M2 money supply growth, of roughly 7-8% per year in the United States.

The S&P index, for example, has done little more than remain on par with the monetary inflation rate since 2001. Bitcoin, by comparison, lacks the former’s risk of asset devaluation due to companies issuing new shares, thus making it the “apex ETF” of the future.

Bitcoin’s fixed supply of 21 million coins also makes it the “apex commodity,” according to Saylor, since competitors like wheat, lumber, and oil can be produced by humans. Gold, Bitcoin’s largest competitor in that arena, still suffers from high transportation costs and fierce difficulty to audit.

As a form of property, real estate also suffers major disadvantages next to Bitcoin. Those include maintenance costs, zoning risks, immobility, and illiquidity, among other things.

Bitcoin may even capture the appeal of tech investors who would otherwise choose to buy top-performing stocks like Apple, Amazon, and Tesla. “Getting rid of all of the liability risk that comes with corporations is a big upgrade for Bitcoin,” Saylor said.

How Fast Can Bitcoin Go?

In Saylor’s view, while stocks continue to garner a 7% return year over year, Bitcoin will likely return 14% annually once it becomes a mature asset. He explained:

“Bitcoin not only does not have the risks and liabilities of company… but also Bitcoin has all the virtues of a pure crypto decentralized network.”

Over the next 20 years, however, the billionaire expects Bitcoin to grow at a much faster 21%+ per year, as people reallocate their wealth into BTC from alternative asset classes.

Based on Saylor’s calculations, he expects $1 million worth of Bitcoin today to reach $1 billion in real terms by the year 2123.

Saylor’s company MicroStrategy is famous for going all-in on BTC, having accumulated over 174,000 coins since 2020. Last month, the company bought $600 million worth of the digital currency using money raised through issuing new stock.

As of Monday, the company’s investment is up 37%, amounting to $2 billion in profit. MicroStrategy’s stock, MSTR, is up 288% year to date.

Saylor personally bought over 17,732 BTC in 2020 which, assuming he hasn’t sold, is now up 320%.

More Articles

DeFi News
Upbit Faces Billions in Fines for 700,000 Rule Violations Amid South Korea’s Crypto Crackdown
Hassan Shittu
Hassan Shittu
2025-02-18 11:43:02
Features
Analyst: XRP Could Hit $10 if ETFs Approved—But What Are the Odds?
Jeffrey Gogo
Jeffrey Gogo
2025-02-18 11:06:23
Crypto News in numbers
editors
Authors List + 66 More
2M+
Active Monthly Users Around the World
250+
Guides and Reviews Articles
8
Years on the Market
70
International Team Authors