In a world where Bitcoin (BTC) wins ground every day, strategy president Michael Saylor has begun making predictions during an event in New York.
The businessman said the ISHARES BITcoin Trust (IBIT) is in control of BlackRock. It will be positioned as the world’s largest quoted background in the next decade.
Saylor shared the predictions at Bitcoin Standard Corporations Investor Day yesterday, as reported by journalist Eleanor Terrett.
The president of Strategy said that it is a company known for having the most BTC in the treasures of public companies, and that IBIT will become “the world’s largest ETF in 10 years.”
This fund directly invests in Bitcoin, It has shown significant growth since its launch.
Regarding his performance, SOSOVALUE data reveals that IBIT has accumulated a net worth of $540 million since January 2024.
In just 15 months, the ETF attracted accumulated capital for $40 millionWith the $327 million daily ticket recorded yesterday.
On top of that, The fund holds 586,148 BTC, surpassing the ETF of Grayscale, the closest competitor with 233,882 BTC..
Ambitious projections of Bitcoin
Saylor himself predicts a promising future for Bitcoin. What can further increase IBit growth. That estimate shows that current Bitcoin cycles reach $180,000 before dropping to $140,000, as reported by encryption.
But their long-term forecasts are even more bold: by 2045 Saylor foreshadows that Bitcoin could be worth $3 million in a bearish scenariothe optimistic one is $13 million, and the most extreme one is $50 million.
If these forecasts are met, they could shoot the value of IBIT assets that directly rely on the price of digital currency, bringing the targets raised by Saylor down.
Record growth, but there are challenges
But not everyone shares Saylor’s optimism. Eric Bulknath, ETF specialist at Bloomberg Intelligence; The feasibility of this prediction was questioned.
Balchunas admitted that IBit “breaked every record imaginable in her newcomer year,” but said the Avant-Garde S&P 500 ETF (VOO) following the S&P 500 Index. Now it’s 10 times bigger and 5 times more effective every day.
“Of course, it’s possible to either Ibit will start accepting more effectively than Voo,” experts say, but for that to happen, You need 3,000-4,000 million capital tickets every daycompared to the 1,000 million VOO is currently attracting.
Furthermore, Balchunas highlighted important obstacles. It is the correlation between Bitcoin and the stock market. He explained that Bitcoin tends to move alongside stocks, especially during Market Falls.
Saylor’s predictions are met; US actions must face null or negative growth over the decadeBitcoin experiences an exponential increase.
Scenarios that require exceptional conditions
In this sense, Bulknath emphasized that the scenario raised by Sayler is plausible only in extreme economic contexts where the US market collapses or stagnates and Bitcoin breaks its normal correlation with behavior.
Analysts did not rule out the possibility of IBIT, which invaded the market in January 2024 and integrated as the biggest Bitcoin background, He emphasized that the goal of overcoming VOO in 10 years requires extraordinary performance..
Meanwhile, IBIT continues to consolidate its market position. BlackRock’s fund shows that interest among Bitcoin’s institutional investors will not stop growinghowever, the way to global leadership between ETFs raises questions that only time can answer.
However, the path to global leadership between ETFs raises questions that only time can answer. Thaler’s predictions reflect his confidence in Bitcoin’s transformational potential, but also puts a table discussion of the future of financial markets.
