AI and ETFs to Drive a Decade-Long 'Gold Rush' for Bitcoin, Predicts Michael Saylor

MicroStrategy co-founder Michael Saylor believes that the launch of spot Bitcoin ETFs and the rise of autonomous AI will lead to a decade-long institutional 'gold rush' for Bitcoin.


Bitcoin Gold Rush Era

During a panel discussion at the Bitcoin Atlantis conference, Saylor stated that the launch of spot Bitcoin ETFs marked the beginning of a period of high institutional adoption and growth for Bitcoin.

Saylor predicts that this gold rush era will continue until around November 2034, at which point 99% of all Bitcoin will have been mined.

Currently, approximately 93.5% of the total 21 million Bitcoin that will ever be issued have been mined.

Spot Bitcoin ETFs as Distribution Channels

Saylor sees spot Bitcoin ETFs as currently serving as a distribution channel for only a small percentage of interested parties. However, he expects this percentage to rise to 100% once banks and institutional wirehouses facilitate Bitcoin trades.

He believes that banks will eventually be pressured into offering Bitcoin custody services because their largest clients will demand it.

Saylor predicts that there will come a day when Bitcoin surpasses gold and trades more than S&P index ETFs.

AI Driving Demand for Bitcoin

Saylor views Bitcoin as crucial in securing the internet against bad actors in the AI revolution. He believes that Bitcoin will be necessary to watermark, timestamp, and cryptographically sign messages, documents, and content.

He predicts that AI will drive demand for Bitcoin in this regard.

Furthermore, Saylor anticipates that Bitcoin will benefit from developments in autonomous AI, as it will be powered by digital energy and will be in demand for creating AI versions of individuals.


Bitcoin Adoption by Nation-States

According to Bitcoin commentator Lyn Alden, there could be increased demand for Bitcoin as more nation-states embrace it.

She explains that embracing Bitcoin creates more financial hubs, which drives capital into these countries over the long term.

Alden also argues that restricting or banning Bitcoin out of fear can cost countries investment opportunities in the long run.