Strategy’s Michael. When a long-term market thesis comes from someone who has bet their entire corporate strategy on it, investors tend to pay attention. That is exactly what’s happening with Michael Saylor, founder and executive chairman of Strategy (formerly MicroStrategy), the world’s largest public holder of bitcoin. In a recent appearance at Yahoo Finance’s Invest event, Saylor doubled down on his most ambitious prediction yet: there is “no doubt in my mind bitcoin will be a larger asset class than gold by the year 2035.”
This claim isn’t just headline material. It implies that bitcoin, often described as digital gold, could grow from a roughly $2 trillion market to rival or even exceed gold’s estimated $29 trillion market value within about a decade. If that happens, it would reshape how individuals, corporations, and even governments think about store-of-value assets, monetary policy, and long-term wealth preservation.
Strategy’s Michael. In this article, we’ll unpack Saylor’s prediction, explore how bitcoin compares to gold today, and examine the underlying economics of scarcity, adoption, and market sentiment. You’ll see why some investors view BTC as the core of a new digital gold rush, while others remain deeply skeptical. By the end, you’ll have a clearer framework for thinking about bitcoin versus gold and what Saylor’s bold forecast might mean for your own investment strategy.
Michael Saylor’s bold prediction at Yahoo Finance Invest Strategy’s Michael
el Saylor and what is Strategy?
Michael Saylor is not a casual commentator on crypto. He’s the co-founder and executive chairman of Strategy, Inc. (MSTR), a company that has transformed itself from a traditional business intelligence software provider into a kind of publicly traded bitcoin investment vehicle. Over the past several years, Strategy has accumulated a massive BTC position through a combination of cash, debt, and equity issuance, effectively tying its corporate fate to the success of the bitcoin network.
Strategy’s Michael. The company now holds more than 600,000 BTC, representing roughly 3% of the total supply that will ever exist, according to recent reports. That level of exposure makes Strategy’s share price highly correlated with the bitcoin price, turning MSTR into a leveraged play on crypto market cycles. Saylor himself has become one of the most visible bitcoin bulls, frequently describing BTC as a once-in-a-civilization monetary innovation.
When someone so heavily invested says there is “no doubt in my mind” that bitcoin will be bigger than gold, it’s not just talk. It’s a thesis backed by billions of dollars and a business model that lives or dies on the strength of this digital asset.
“No doubt in my mind” – what exactly did Saylor say? Strategy’s Michael
At Yahoo Finance’s Invest event, Saylor addressed a viewer question about bitcoin’s long-term potential. He argued that by 2035, bitcoin will be a larger asset class than gold, citing its fixed supply, accelerating adoption, and growing role in institutional portfolios. He framed 2035 as a crucial milestone: by then, around 99% of all BTC will have been mined, leaving only 1% of the supply to be released over the following century.
Saylor’s view is that this extreme digital scarcity, combined with the global reach of the bitcoin network, will naturally drive investor capital away from slower, more traditional assets like physical gold and into BTC. He characterizes the current environment as a “digital gold rush”, urging investors who want exposure to act before the supply squeeze fully takes hold.
In short, his prediction rests on a simple but powerful idea: if you mix finite supply with rising global demand, your store-of-value asset can outgrow older competitors.
Bitcoin vs gold today: the numbers behind the claim
Comparing market capitalizations: bitcoin versus gold
To understand how radical Saylor’s prediction is, it helps to look at where things stand today. Recent data suggests that bitcoin’s market capitalization sits around $2 trillion, while estimates for gold’s total market value hover near $29 trillion.
That means BTC would need to appreciate more than tenfold relative to gold just to close the gap. Saylor and other bitcoin advocates argue that such a move is plausible over a decade, especially if:
Strategy’s Michael. The numbers show the scale of the challenge, but also the scale of the opportunity. If bitcoin were to match or surpass gold’s market cap, the BTC price would likely be well into seven-figure territory per coin. Some analyses of Saylor’s comments suggest theoretical price targets in the region of $1.4 million per bitcoin if it fully rivals gold’s $29 trillion valuation.
Scarcity and halving cycles: why the year 2035 matters Strategy’s Michael
A key part of Saylor’s argument centers on bitcoin’s supply mechanics. Unlike gold, which still requires ongoing mining exploration and physical extraction, the total supply of BTC is algorithmically capped at 21 million coins. The issuance rate halves roughly every four years in an event known as a bitcoin halving, which historically has had a major impact on the BTC price cycle.
Strategy’s Michael. By around 2035, the network will have released approximately 99% of all bitcoins that will ever exist. Saylor calls this the “.99 year,” emphasizing that after that point, the flow of new coins entering the market will be almost negligible compared to the existing stock.
This extreme scarcity is one of the reasons BTC is often framed as digital gold. While gold’s supply can expand based on new discoveries and technological advances in mining, bitcoin’s supply curve is fixed and predictable. In Saylor’s view, that makes BTC an even purer store-of-value asset than gold, and a logical candidate to absorb a growing share of global savings and institutional capital over the next decade.
Why Saylor believes bitcoin will outshine gold
Digital scarcity and programmability
One of the core differences between bitcoin and gold is that BTC is both digital and programmable. It can be transferred anywhere in the world in minutes, stored with no physical footprint, and integrated directly into digital financial infrastructure.
Strategy’s Michael. For Saylor and many other crypto investors, this gives bitcoin a decisive edge. Gold is hard to move, difficult to verify, and expensive to store securely. Bitcoin, on the other hand, can be self-custodied using a hardware wallet or institutional-grade custody solutions, and it can be instantly audited on a transparent blockchain ledger.
This combination of digital scarcity, borderless transferability, and programmable money functions is what leads some analysts to call BTC not just “digital gold,” but a superior form of hard money. In that framework, gold is the analog ancestor, and bitcoin is the upgraded, internet-native successor.
Adoption curve and institutional demand
Strategy’s Michael. Another pillar of Saylor’s thesis is the accelerating institutional adoption of bitcoin. From publicly traded companies like Strategy holding BTC on their balance sheets to the growth of spot bitcoin ETFs and derivatives markets, the infrastructure for large-scale capital flows into BTC has evolved rapidly.
Strategy itself illustrates this trend. With hundreds of thousands of BTC on its books and a business model centered on acquiring more coins over time, the company effectively acts as a proxy for bitcoin exposure in traditional equity markets.
As more financial institutions integrate BTC into their products—whether as a macro hedge, a long-term inflation shield, or part of diversified digital asset portfolios—Saylor believes we’ll see a compounding effect. Each new wave of adoption increases liquidity, improves market depth, and makes it easier for the next wave of capital to enter.
In his view, this network effect will gradually pull capital away from gold and other legacy assets toward bitcoin, especially in a world where younger generations are more comfortable with cryptocurrency wallets than with gold bars.
Macro environment: inflation, debt, and digital assets Strategy’s Michael
Strategy’s Michael. Saylor’s outlook is also shaped by the broader macro environment. In an era of high debt levels, periodic inflation flare-ups, and aggressive monetary stimulus, many investors worry about the long-term purchasing power of fiat currencies.
Gold has historically been the go-to inflation hedge. However, the emergence of bitcoin as a non-sovereign, algorithmic monetary system offers an alternative that is easier to move, easier to divide, and easier to integrate with digital platforms. For Saylor, these qualities make BTC an ideal asset for a world that is increasingly online, data-driven, and skeptical of centralized monetary control.
This doesn’t mean gold becomes worthless; it means that as capital looks for robust, scarce, non-inflationary assets, bitcoin, in his view, captures an ever larger share of that demand.
The investment case: opportunity and risk Strategy’s Michael
Potential upside if bitcoin rivals gold
If Saylor is right and bitcoin eventually rivals or surpasses gold’s $29 trillion market cap, the upside for BTC holders could be enormous. Analysts interpreting his comments often translate that into a BTC price prediction of around $1.4 million per coin, assuming bitcoin fully matches gold’s market value.
It’s important to stress that this is a speculative scenario, not a guarantee. But it illustrates the level of growth Saylor envisions when he says there is “no doubt in my mind” that bitcoin will be bigger than gold. For investors, this creates a classic high-risk, high-reward profile:
Volatility, regulation, and technological risk
Strategy’s Michael. No serious discussion of bitcoin would be complete without acknowledging the risks. BTC remains a highly volatile asset, with large drawdowns in previous cycles. Even as adoption grows, short-term price swings can be dramatic, especially around macro events, regulatory news, and crypto market leverage unwinds.
Regulatory uncertainty is another major factor. While many jurisdictions are moving toward clearer rules on digital assets, there is still the possibility of restrictive policies affecting exchanges, custodians, or specific types of bitcoin investment products.
Technological and security risks also exist. Although the bitcoin network itself has proven extremely resilient, failures in custody solutions, exchange hacks, or user mistakes with private keys can lead to irreversible losses.
Strategy’s Michael. For all these reasons, even investors intrigued by the digital gold narrative typically approach BTC with careful risk management, viewing it as a speculative allocation rather than a guaranteed path to wealth.
Portfolio strategies: diversification and position sizing
Because of its unique risk-return profile, many investors consider bitcoin as part of a broader diversified portfolio rather than an all-or-nothing bet. Common approaches include:
Holding a relatively small percentage of total assets in BTC as a long-term hedge against currency debasement.
Balancing bitcoin exposure with more traditional safe-haven assets such as gold, bonds, and cash.
Using dollar-cost averaging to build a position over time, smoothing out volatility.
The right approach depends on individual circumstances, time horizons, and risk tolerance. But even among believers in the bitcoin vs gold thesis, the emphasis is often on sensible position sizing and avoiding leverage, rather than chasing short-term price spikes.
Could bitcoin really become bigger than gold? Strategy’s Michael
Bullish arguments: the “digital gold rush”
Strategy’s Michael. Supporters of Saylor’s forecast argue that we’re still early in a long adoption curve. They see bitcoin as the centerpiece of a global digital gold rush, where individuals, companies, and even nation-states gradually move a portion of their savings into BTC.
Key bullish arguments include:
Bitcoin’s fixed supply and predictable issuance schedule.
The rise of bitcoin ETFs and regulated products that make BTC accessible to mainstream investors.
The growing acceptance of bitcoin as digital gold—a neutral, borderless asset that isn’t tied to any single government or banking system.
Strategy’s Michael. From this perspective, bitcoin doesn’t have to replace gold overnight. It just needs to keep capturing incremental demand from investors who want a scarce digital asset rather than a physical one. Over ten years, those flows could be enough to tilt the balance.
Skeptical viewpoints and barriers to mass adoption
On the other side, critics argue that Saylor’s prediction underestimates the resilience of gold and overestimates the willingness of traditional investors to embrace cryptocurrencies. Some of the main skeptical points include:
Gold’s multi-thousand-year history as a store of value and reserve asset.
Concerns about bitcoin’s energy usage and environmental impact.
The possibility that governments may impose strict regulations on crypto markets, slowing institutional adoption.
Strategy’s Michael. Commentary around Saylor’s remarks often notes that even if BTC grows dramatically, gold may continue to hold a unique place in central bank reserves and conservative portfolios, making it hard for bitcoin to fully displace it.
Skeptics also point out that technological risk is not zero. While bitcoin has been robust so far, future advances in computing (such as quantum technologies) or breakthroughs in competing digital assets could change the landscape in unpredictable ways.
What Saylor’s forecast means for everyday investors Strategy’s Michael
Time horizons and personal risk tolerance
Whether you agree with Michael Saylor or not, his prediction forces investors to think about their time horizon and risk tolerance. If you believe that bitcoin will be bigger than gold by 2035, you might see short-term volatility as noise on the path to a much larger market.
If you’re unconvinced, you may view BTC primarily as a speculative trade that should remain a small slice of your portfolio, if present at all. In either case, the key questions are:
How much risk am I willing to take?
How would I react if the bitcoin price fell 50% or more?
What role do hard assets like gold and digital assets like BTC play in my overall financial plan?
Thinking clearly about those questions matters more than anyone else’s prediction, no matter how confident they sound.
Practical steps to research bitcoin versus gold
Before making any decision, it’s wise to deepen your own understanding of both assets. That could include:
Studying how the bitcoin blockchain works, including mining, halving, and transaction settlement.
Reviewing the history of gold as money, and how it has behaved during past inflationary or crisis periods.
Comparing different bitcoin investment vehicles (such as direct holdings, ETFs, or proxy stocks like Strategy) and how they fit into your risk profile.
Strategy’s Michael. Because bitcoin is still relatively young compared to gold, its story is evolving rapidly. Saylor’s prediction that BTC will be a larger asset class than gold by 2035 is one possible outcome, but not the only one. By doing your own research and staying informed about market developments, you can make more grounded choices—whether that means leaning into the digital gold rush or watching from the sidelines.
Conclusion
Michael Saylor’s assertion that there is “no doubt in my mind” bitcoin will be bigger than gold within a decade is one of the boldest claims in modern finance. It condenses a complex thesis into a single, provocative idea: in a world that is going digital, our store-of-value asset might also go fully digital.
At the heart of this debate are some very real forces: bitcoin’s fixed supply and halving schedule, its growing institutional adoption, and the macro backdrop of inflation, debt, and uncertainty. Against that, you have gold’s deep history, regulatory questions around crypto, and the always-present risk that markets may not evolve in a straight line.
Strategy’s Michael. Over the next ten years, the world will see whether digital gold can truly outshine its physical predecessor. For investors, the challenge is not to predict the future with Saylor-level confidence, but to build portfolios that can survive and thrive across a range of outcomes. Whether you hold BTC, gold, both, or neither, the contest between these two scarce assets will remain one of the defining stories of the modern financial era. Strategy’s Michael.
FAQs
Will bitcoin really surpass gold by 2035?
No one can say for certain. Michael Saylor’s view is that bitcoin’s fixed supply, growing adoption, and digital nature make it likely to become a larger asset class than gold by 2035. However, this is a prediction, not a guarantee. The outcome depends on future regulation, technological developments, investor behavior, and macroeconomic conditions.
Why does Michael Saylor believe bitcoin is better than gold?
Saylor argues that bitcoin is scarcer, more portable, and easier to verify than gold. BTC can be transferred globally in minutes, stored digitally, and audited on a transparent blockchain. He believes these qualities make bitcoin a superior store-of-value asset in a digital age, which is why he expects it to outgrow gold over time. Phemex+1
How much would bitcoin need to be worth to match gold?
Estimates of gold’s total market value are around $29 trillion, while bitcoin’s market cap is currently about $2 trillion. If BTC were to match gold’s valuation, some analyses suggest a bitcoin price around $1.4 millio per coin, although the exact figure would depend on future supply dynamics and capital flows.
Is bitcoin safer than gold as a store of value?
“Safer” depends on what risks you prioritize. Gold has a long history and relatively low volatility, but is harder to move and store. Bitcoin is easier to transfer and divide, but it is far more volatile and still faces regulatory and technological uncertainties. Many investors view gold as a conservative store of value and bitcoin as a higher-risk, higher-potential digital asset. Strategy’s Michael.
Should I replace gold with bitcoin in my portfolio?
That decision depends on your financial goals, time horizon, and risk tolerance. Some investors hold both assets, seeing gold as a traditional hedge and bitcoin as a speculative digital gold with significant upside. Others avoid crypto entirely due to its volatility. Before making any changes, it’s wise to research both assets carefully and consider speaking with a qualified financial professional. Strategy’s Michael.
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