Bitcoin Could Eventually Eclipse Gold's Value, Says Saylor

Market Overview - As of late November 13, the market values of bitcoin and gold were approximately $2 trillion and $29 trillion respectively, indicating that bitcoin would require a significant long-term rally to close the gap with gold [1] - Gold ETFs have recently outperformed funds like the CoinShares Valkyrie Bitcoin Fund (BRRR), leading some investors to favor traditional gold over digital gold [2] Bitcoin's Future Potential - Michael Saylor, CEO of Strategy (MSTR), predicts that by 2035, bitcoin could surpass gold in value, suggesting a potential 14-fold increase from current levels, which would greatly benefit investors in ETFs like BRRR [3][6] - Saylor's bullish outlook follows a correction in bitcoin prices and related assets since mid-October, with significant unwinding of leveraged positions in the crypto derivatives market [5] Investment Implications - If Saylor's prediction holds true, bitcoin would need to reach $1.4 million to exceed gold's market capitalization, representing a substantial increase. Even a scenario where bitcoin reaches half of gold's market value would still yield significant rewards for long-term BRRR investors [6] - Strategy has recently increased its bitcoin holdings by acquiring an additional 487 bitcoins, now owning 3% of the total circulating supply, demonstrating the company's commitment to the digital currency [7]