Saylor Sees 2035 as Bitcoin's Golden Era

Michael Saylor, the chairman of Strategy, expects a decade-long gold rush in Bitcoin before 2035. He believes that as Bitcoin's issuance slows down, a growing market for income products will meet the decreasing supply, leading to higher prices. Saylor chose 2035 as the target date because he expects approximately 99% of Bitcoin's eventual supply to have been mined by then.

The newly issued Bitcoin awarded to miners halves every 210,000 blocks, approximately every four years, gradually reducing the flow of new coins. Saylor expects a growing financial market around Bitcoin to bring in buyers with needs beyond direct price exposure. He mentions ETFs, treasury companies, income securities, and wider bank lending against Bitcoin as examples of these products.

Strategy, the company Saylor chairs, already sells preferred shares to investors seeking income. These securities provide a practical example of the market Saylor expects to expand. The company's preferred stock, STRC, carries corporate investment risk and has a variable annualized dividend rate at 12% of its $100 stated amount, paid twice monthly.

Saylor wants income products to support another offering: a wallet-held token that aims to remain stable against the dollar while paying a yield. He described a hypothetical Bitcoin-linked product offering roughly 6-7%, suitable for users who want to spend or save without holding Bitcoin's price exposure directly.