LATEST: Bitcoin Demand Could Surge 10X by 2024, says MicroStrategy Co-founder

At the 2023 Australia Crypto Convention, MicroStrategy co-founder Michael Saylor predicts that Bitcoin’s demand will skyrocket up to 10 times its current levels by the end of 2024, fueled by the upcoming Bitcoin halving. Saylor highlights the supply and demand dynamics, with supply halving in April 2024, potentially driving prices higher. He envisions Bitcoin’s next 12 months as a “coming out party,” with growth continuing into 2028 as big tech and mega banks integrate Bitcoin into their offerings. Saylor also suggests Bitcoin could reach astronomical values like $10 million per coin in the long term.

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