Michael Saylor Predicts 99% of Bitcoin Will Be Mined by 2035
Michael Saylor, the CEO of MicroStrategy, made a bold prediction about the future of Bitcoin mining.
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Michael Saylor, the CEO of MicroStrategy, made a bold prediction about the future of Bitcoin mining.
He forecasts that 99% of all Bitcoin (BTC) will be mined by January 2, 2035. With 19.76 million BTC already in circulation (94.1% of the total 21 million supply), there are only 1.24 million left to be mined.
Saylor's prediction accelerates the expected timeline compared to the general belief that Bitcoin mining will continue until around 2140. If Saylor's forecast holds, this rapid supply exhaustion could have major implications for Bitcoin's price, as scarcity would drive demand higher.
Saylor is no stranger to bold predictions; previously, he claimed that Bitcoin could reach $13 million per coin by 2045.
You might also like: Seven Bitcoin Sermons from Michael Saylor
Currently, MicroStrategy is one of the largest corporate holders of Bitcoin, with over 252,220 BTC (1.2% of the total supply) as of September 20, 2024.
Bitcoin Price Dynamics
September 2024 was the best September for Bitcoin since 2012, with the asset climbing 11%. As of this writing, the coin is trading at $64,347.
BTC/USDT 4H Chart. Source: WhiteBIT
With October and November historically being some of the best months for BTC prices, we might see further potential gains ahead.
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