The four years Michael Saylor mentioned is clearly not coincidental. The fact is that usually both bearish and bullish trends in the coin industry are invested in this timeframe. And since we are now in the midst of a collapse, the entrepreneur has quite predictably taken this timeframe – and by a tangible margin of one year.

That said, experienced cryptocurrency enthusiasts see nothing wrong with the industry’s current failure. As Binance CEO Changpen Zhao said the day before, bearish trends are allowing the coin niche to evolve and find new uses. More details of his viewpoint can be found here.

Binance exchange chief Changpen Zhao

What will happen to the price of Bitcoin in the future?

Saylor believes Bitcoin could well take the place of gold in the global asset hierarchy. In this trend, BTC has every chance of reaching six figures in value, the entrepreneur believes. Here’s his rejoinder.

The next logical step for Bitcoin would be to replace gold as a non-sovereign stored value asset.


Note that Bitcoin has many advantages over gold as an asset class. First, BTC is divisible, which means that it can be divided into small components down to one satoshi or 0.00000001 BTC. Second, the cryptocurrency is much easier to send to people in another part of the world, despite borders. Third, the blockchains at the heart of the coins are decentralised, which means that it is impossible to withdraw the same bitcoins from full-fledged non-custodial wallets.

Also an unobvious advantage of BTC over gold is the transparency of its supply. That is, industry participants can find out at any time how much bitcoin is in circulation right now using blockchain browsers or nodes. With precious metal, the situation is much less obvious.


MicroStrategy head Michael Saylor

According to CryptoPotato sources, at the moment the difference between gold’s capitalisation and that of Bitcoin is huge – $11 trillion versus $363 billion respectively. However, this does not embarrass Sailor in any way: in the past he has repeatedly stated that crypto is the only profitable asset for investors right now.

Above all, Saylor uses the fact that bitcoin issuance is fixed and that the cryptocurrency's maximum turnover is limited to 21 million coins as an argument. In addition, Bitcoin's inflation rate drops by half every four years, which is indeed an important advantage against the backdrop of global inflation today. However, it is important to understand that all of the above does not guarantee earnings for investors in the short term, and right now BTC is as much as 72 percent behind its all-time high.

Bitcoin ranks 15th in the global asset ranking by capitalisation

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So far, Seylor’s statements look too optimistic and even absurd in the understanding of most ordinary crypto investors. The digital asset market has been falling for almost an entire year, which is seriously affecting the sentiment of its players. As we’ve already noted, since reaching its all-time high in November, Bitcoin’s price has collapsed by more than 72 per cent – what could seem to be worse? However, a serious collapse is also evident in the stock market. Moreover, the value dynamics of some stocks are even worse in terms of profitability.

For example, German energy company Uniper, which has at least 10,000 employees, suffered severe losses after the suspension of its Nord Stream 2 gas pipeline project, forcing it to resort to a 15 billion euro bailout in July 2022. As energy prices continue to rise, Uniper was unable to meet its contracts and was nationalised by the German government in September 2022, Cointelegraph reported. As a result, the company’s shares have sagged 91.47 per cent since the start of January.

Uniper share price

Biotech companies I-Mab and Kodiak Sciences have also lost 90 percent of their capitalisation in 2022. Shares in China’s I-Mab plummeted in value after its partner AbbVie halted a trial of a cancer drug. The biotech company was previously entitled to a financial package of up to $1.74 billion in experimentation fees.

I-Mab share price

US-based Kodiak Sciences suffered a similar fate after its flagship drug failed to pass clinical trials.

Kodiak Sciences share price

Unlike cryptocurrencies, companies depend on funding. Therefore, interest rates set by central banks are drastically affecting industries like energy, auto sales and technology. Companies in these sectors are forced to raise huge amounts of debt capital, but high interest rates make it difficult to do so.

Interest rates are rising for most of the world’s central banks, with the US Federal Reserve’s policy as the benchmark for many of them. This week it once again raised the rate by 0.75 percent, which again caused asset prices to fluctuate in both the cryptosphere and the stock market. The aforementioned three companies are just a small example of how critical the situation is becoming even in the traditional financial sector.

But there is a silver lining - Bitcoin, as a high-risk, high-volatility asset, could be among the first to rise after a change in the macroeconomic trend. With high returns, BTC investments will start attracting more people every month, which will only accelerate the cryptocurrency's popularity. Perhaps, Michael Saylor's statements are not so far from reality, but in the end, the accuracy of his predictions will be tested only with time.

What do you think about it? Share your opinion in our Millionaire Crypto Chat. We talk about other important topics there as well.