[Generated Title]: Michael Saylor's Bitcoin Prophecy: Is He Drinking the Kool-Aid, or Are We Just Blind?
So, Michael Saylor thinks Bitcoin's gonna be bigger than gold by 2035? Right. Just what I needed, another tech bro spouting crypto-utopian nonsense. Look, I get it, the guy's got skin in the game—a whole damn buffalo's worth of skin. He's sitting on 641,692 BTC. Ofcourse he's gonna pump it.
The "Digital Gold" Delusion
This whole "Bitcoin is digital gold" thing? Give me a break. Gold has outperformed Bitcoin by 52% this year. Let that sink in. We're talking about something shiny they dig out of the ground versus... well, versus a string of code conjured up by a possibly-mythical figure. One has been a store of value for millennia; the other relies on Elon Musk's latest tweet and the whims of the internet.
And this fixed supply of 21 million coins? Supposed to be a feature, not a bug, right? Scarcity drives value, blah blah blah. But what happens when 99% of it's mined by 2035? Does that make it more valuable, or just lock out future generations from participating? Are we just creating a digital aristocracy where the early adopters hoard all the wealth? Maybe that's the point, huh?
Here's the thing: Saylor's been pushing this narrative for years. He turned MicroStrategy, a perfectly boring business intelligence company, into a Bitcoin casino. He used company cash and debt to buy up BTC like a digital Scrooge McDuck diving into his money bin. Smart move for him, maybe. But what about the shareholders who thought they were investing in software? Do they get a say in this?
Faith vs. Fundamentals (Or Just Plain Old Greed?)
Saylor claims Bitcoin believers aren't losing faith despite Strategy's stock getting hammered. "I don't think they're losing faith," he says. Oh, well if he doesn't think so... I mean, come on. The stock's down 22% this year. That's not exactly a ringing endorsement, is it? Maybe they're not losing faith, maybe they're just losing money. There's a difference.
And then he says "The fundamentals of the industry are so much better today than they were 12 months ago." What fundamentals are those, exactly? The fact that billions in leveraged positions got liquidated recently? The fact that regulators are finally starting to crack down on the Wild West of crypto? The fact that NFTs are basically worthless JPEGs now? I must be missing something.
I mean, look, I'm no economist, but I know a hype train when I see one. This whole thing feels like a giant game of musical chairs, and when the music stops, a lot of people are gonna be left standing without a seat. But hey, at least Saylor will have his pile of digital gold... or whatever.
I remember back in '99 during the dot com boom, everyone was saying the same kind of stuff about Pets.com or Webvan. "It's the future!" "This time it's different!" How'd that work out? Oh yeah, spectacularly badly for everyone involved except the guys who cashed out early.
The $1.4 Million Question
For Bitcoin to surpass gold by 2035, Saylor says it needs to hit $1.4 million per coin. Okay, let's just put that in perspective. That's a roughly 70x increase from its current price. Is that even remotely realistic? It would require a level of adoption and institutional investment that I just don't see happening. According to Saylor, there is "no doubt in my mind" that Bitcoin will be bigger than gold within a decade Strategy's Michael Saylor says 'no doubt in my mind' bitcoin will be bigger than gold within a decade.
But hey, maybe I'm wrong. Maybe Bitcoin really is the future. Maybe Saylor's a visionary, not just a huckster. Maybe I should sell my car and buy some BTC right now. Nah. I'll take my chances with reality, thanks.
So, What's the Catch?
This whole thing stinks of desperation. Saylor needs Bitcoin to succeed, because his entire empire is built on it. He's not an objective observer; he's a salesman, plain and simple. And honestly, I'm tired of being sold to.