JAKARTA - Bitcoin, the most popular digital currency in the world, is predicted to have the potential to become the highest Exchange Trade Fund (ETF) asset in the future. This view was conveyed by Michael Saylor, founder and Chairman of business and software company MicroStrategy Inc.
At the Latin American Bitcoin & Blockchain Conference (LABITCONF), Saylor shared his views on Bitcoin's intrinsic value and how it would change global capital allocations.
Saylor is one of Bitcoin's biggest supporters today. Under his leadership, MicroStrategy has acquired 174,530 Bitcoin units according to their Treasury Reserve allocation. He said that Bitcoin is a hidden endless economic war solution due to uneven capital distribution.
The MicroStrategy Bose shows how the total global assets of 900 trillion US dollars (IDR 13,909.5 quadrillion) are currently allocated. With Bitcoin reaching only 500 billion US dollars (IDR 7,727.5 trillion), gold worth 12 trillion US dollars (IDR 185.46 trillion), government bonds around 300 trillion US dollars (IDR 4,636.5 quadrillion), and real estate around 330 trillion US dollars (IDR 5,100.15 quadrillion), for several examples.
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He believes that this unfavorable allocation for Bitcoin will change over time once the world understands the intrinsic value of Bitcoin. One of the factors that can accelerate the shift to Bitcoin is the launch of Bitcoin's ETF products by some of the world's largest asset managers, including BlackRock and Fidelity Investments.
Bitcoin's ETF will make it easier for investors on Wall Street to get exposure to Bitcoin in an easier and regulatory way. Saylor projects that BTC is on track to become a peak "comodity, technology, property, currency, and ETF asset", seeing multilateral utility and its potential evolution.
Saylor also said that Bitcoin will disrupt digital market investment, as it will attract capital from more established products such as stocks and bonds. With its growth and popularity, Bitcoin will become a more attractive and profitable asset for future investors.
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