Saylor Sees Bitcoin's Market Cap Soar to $120 Trillion in Global Wealth Grab

Michael Saylor, a prominent Bitcoin proponent, believes that the cryptocurrency is entering a 'gold rush' phase, where it will capture 10% of all global wealth. This would put its market capitalization at an astonishing $120 trillion.

In contrast to gold, which dilutes savings by half every 36 years due to inflation, Bitcoin's zero-inflation policy gives it an infinite half-life, preserving wealth indefinitely. Saylor predicts a price target of $21 million per coin, but warns that the window to buy is rapidly closing as 99% of all supply will be mined by 2035.

The prospect of Bitcoin commanding 10% of all assets on Earth may seem like hyperbole, but Saylor's predictions are based on the cryptocurrency's growing adoption and increasing market value. As more investors and institutions enter the market, the demand for Bitcoin is likely to continue rising.