In his speech at the 2023 Australian Cryptocurrency Conference on November 10, Saylor was asked to share his views on Bitcoin and its ecosystem for the next 4 to 5 years.
In response, Saylor initially provided a summary of the period from 2020 to 2024, noting that Bitcoin has transitioned from being considered an “uncontrolled foreign asset” to a “mainstream, regulated application.”
Emphasizing the future, Saylor stated that BTC would become a “mainstream asset for teenagers by the end of 2024,” highlighting the key dynamics around supply and demand that would soon come into play:
“I think the next 12 months will be a big event. Because the demand [on a monthly basis] will double or triple or maybe increase by a factor of 10 […] and the available supply to sell will be cut in half by April.
“So, instead of a billion dollars of Bitcoin available to miners every month, it’s going to be 500 million. It’s pretty unprecedented when you go from a supply-demand balance that might be $15 billion for organic demand and $12 billion for organic supply. What happens when one doubles and the other gets cut in half? The price adjusts upwards,” he added.
Saylor went on to describe the next 12 months for Bitcoin as a “coming-out party” as the asset graduates from “college” and steps into the real world.
Looking at the period from 2024 to 2028, Saylor predicts that Bitcoin will continue its high-growth phase as widespread adoption occurs across major technology companies and large banks worldwide, with both sectors integrating Bitcoin into their products and services.