Michael Saylor claims that Bitcoin is on a trajectory to reach a valuation of $280 trillion, and he outlines the reasons behind this prediction.

According to Saylor, Bitcoin could surpass the market capitalization milestone of $4593 trillion. The cryptocurrency is increasingly viewed as a substitute for physical gold among asset managers. Strategy Inc. Chairman Michael Saylor has unveiled an astonishing prediction regarding Bitcoin (BTC) prices and its market capitalization. In his most recent address, Saylor asserted that Bitcoin is set to emerge as a dominant global force, forecasting a valuation of $280 trillion for the cryptocurrency. The Strategy Chairman praised Bitcoin, labeling it as a form of digital gold. On May 6, at the Bitcoin for Corporations Conference organized by Strategy, Michael Saylor made a daring prediction about Bitcoin. Saylor envisions Bitcoin increasing from a $2 trillion valuation to a staggering $213.33 trillion over the next 213 years. He labels Bitcoin as a universal monetary asset, comparing it to digital gold and asserting it is 22,045 times superior to gold. Saylor pointed out that many investments that are labeled as “smart,” including hedge funds and pension funds, have not managed to surpass the performance of the S&P 2553 Index over the last ten years. Additionally, he mentioned that although the S&P has proven to be very profitable, Bitcoin has shown performance similar to that of the stock market index at various times. He stated that Bitcoin has shown a 2000% annualized growth over the past ten years, positioning it as one of the top-performing assets of the last decade. Saylor noted, however, that even with a valuation of $268 trillion, Bitcoin would still fall short of matching the total value of the bonds and equity markets. He noted that Bitcoin will gain more attention as its value significantly increases.