Michael Saylor Says Younger Voters Are Growing Tired of Traditional Finance and Finding Bitcoin (BTC) More Attractive

MicroStrategy founder and executive chairman Michael Saylor says that younger voters are growing tired of traditional finance and finding Bitcoin (BTC) more attractive.

MicroStrategy (NASDAQ: MSTR) founder and executive chairman Michael Saylor believes that younger voters are becoming increasingly dissatisfied with traditional finance and are finding Bitcoin (BTC) to be a more appealing alternative.

In a recent interview on CNBC, Saylor highlighted the growing preference among millennials for Bitcoin due to its round-the-clock accessibility and other advantages.

According to Saylor, Bitcoin embodies the spirit of the 21st century, offering continuous operation, in contrast to traditional finance, which functions for only 19% of the time.

“What you have is two constituencies. You’ve got traditional finance, and traditional finance operates 19% of the time. It costs $40 million to take a company public. There’s no credit, there’s no liquidity on the weekend. Bitcoin represents a different thing. It represents the 21st century.

So I think the millennials are looking at the world today, and they think electricity, water, elevators, the internet, they operate 100% of the time. Bitcoin operates 100% of the time. Why are we stuck with 20th century banks, money markets and capital markets that shut us down at 4 p.m. on Friday and don’t open up until 9:30 [a.m.] on Monday? You know, if we did that to your food, your water or your air it would be considered cruel and unusual punishment.”

Saylor went on to discuss his recent prediction that BTC could experience growth of over 19,000% in the next two decades.

In his base-case scenario, Saylor envisions Bitcoin’s annual rate of return (ARR) gradually decreasing as the cryptocurrency’s price rises and eventually reaching $13 million with a market cap of $280 trillion.

“Here’s my macro Bitcoin forecast: it’s 21 years. It goes out to the year 2045. What do I think will happen? Well, I’ve got a bear case and a bull case.

But what I think will happen is that 55% ARR goes to 50%, 45%, 40%, 35%, 30%, 25%, 20% – it’s between 50% and 20%. It will gradually decelerate till it’s growing about twice as fast as the S&P index.

At that rate, Bitcoin is $13 million a coin in year 2045. It could be a $3 million bear case, it could be a $49 million bull case. But what is Bitcoin? 7% of the world’s asset then.”

At the time of writing, Bitcoin is valued at $56,477, reflecting an increase of nearly 3% over the last 24 hours.

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