Michael Saylor: Bitcoin is expected to become a $200 trillion asset class and global settlement layer

ChainCatcher news, according to CoinDesk, Strategy founder Michael Saylor expects that by 2024, BTC will become a $200 trillion asset class and serve as the global settlement layer in the AI-driven internet era. The adoption of Bitcoin as a strategic reserve by the United States will solidify its dominance and compel its global adoption.

Strategy has utilized $33 billion to accumulate over 500,000 Bitcoins, funding its corporate Bitcoin treasury with innovative financial instruments such as convertible bonds and preferred stock, while financially designing a self-sustaining price appreciation cycle.

Michael Saylor has stated that he will destroy BTC before his death rather than donate these assets, as this practice is a more ethical and rational form of charity and will grant Bitcoin "economic immortality," allowing everyone in the Bitcoin network to become wealthier and more powerful.