Key Notes
- Saylor sees a Bitcoin gold rush through 2035, with bank lending a potential driver.
- His $120 trillion scenario concerns the broader crypto economy, not Bitcoin alone.
- Strategy reports 847,666 BTC and links further purchases to capital raising.
Michael Saylor sees the period through 2035 as a Bitcoin “gold rush,” arguing that institutional lending and new financial products could extend the asset’s adoption. Strategy’s executive chairman outlined his outlook in a Binance interview published on September 28.
Saylor estimated the crypto economy at about $3 trillion, compared with $1,000 trillion to $1,200 trillion in other global assets. Reaching 10% of that asset pool would imply as much as $120 trillion, he said. The figure describes a hypothetical outcome for the broader crypto economy, rather than a Bitcoin price target or a forecast tied to a specific year.
Bank Lending Could Drive Bitcoin’s Next Phase
Saylor described four channels for Bitcoin adoption: exchange-traded funds, corporate treasury companies, digital credit products and bank lending. He expects the last of these to become a major price driver over the next 36 months as banks expand custody and extend loans against Bitcoin collateral.
His argument draws on property markets, where access to mortgages can support demand for real estate. Applied to Bitcoin, easier borrowing against holdings could change how investors finance their positions. That remains Saylor’s thesis about future bank activity, rather than a confirmed industry-wide lending rollout.
He also believes institutional money is beginning to return to crypto after being drawn toward technology fundraising, including AI companies, SpaceX, Nvidia and data centers. He characterized the earlier shift as a powerful pull on capital that was starting to reverse, without presenting a comprehensive flow dataset in the interview.
Strategy’s Purchases Follow Capital Raising
Saylor said Strategy has no fixed target for how many bitcoins it ultimately wants to own. Its purchases depend on capital raised through equity and other securities. Proceeds from credit products can be allocated between Bitcoin and US dollars, rather than automatically being invested entirely in BTC.
The company’s Bitcoin ledger reports 847,666 BTC following a September 28 disclosure of a 1,665-BTC purchase. That holding represents about 4.04% of Bitcoin’s 21 million supply limit. The interview’s reference to more than 840,000 BTC reflects the amount discussed at recording.
The approach builds on the digital-capital framework in Strategy’s investor guide, previously covered by CoinScreamer. Saylor’s outlook also supports the business of the company he chairs: Strategy issues securities, including STRC preferred shares, whose financial characteristics differ from directly owning Bitcoin.
Scarcity Underpins the 2035 Outlook
Saylor expects roughly 99% of Bitcoin’s eventual supply to have been mined by 2035, with the final portion issued over about another century. Bitcoin’s issuance rules reduce new supply over time. The milestone concerns newly mined coins; it would not prevent existing bitcoin from being bought and sold afterward.
He cited approximate annualized gains of 36% for Bitcoin and 12% for gold over the preceding six years, calling gold “low-performance Bitcoin.” Those were his historical comparisons. Looking forward, he said Strategy expects Bitcoin to appreciate by 20%–30% annually, an assumption behind its credit strategy rather than a guaranteed return.
Over a much longer horizon, Saylor expects Bitcoin’s growth advantage to narrow to roughly three to five percentage points above the S&P 500 annually, potentially around two decades from now. His forecasts therefore distinguish an early period of rapid adoption from a more mature market.
He also argued that AI and robotics could make many goods and services cheaper while scarce assets such as desirable property, art and Bitcoin retain pricing power. In his view, greater productive capacity and limited asset supply can coexist, leaving demand for scarce stores of wealth even as everyday costs fall.
Disclaimer: CoinScreamer is an independent media brand owned and operated by NuvexMedia LLC, publishing news, research, and market insights on digital assets and related technologies. NuvexMedia LLC invests in and collaborates with companies across the digital asset, blockchain, and technology sectors. These relationships do not influence CoinScreamer’s editorial coverage, and the publication maintains full editorial independence to provide accurate, timely, and objective information. © 2025 NuvexMedia LLC. All rights reserved. This content is for informational purposes only and should not be considered legal, tax, investment, financial, or other professional advice.
