- Michael Saylor predicts Bitcoin will surpass gold as the largest asset class by 2035, citing its fixed supply.
- Gold is outperforming Bitcoin this year, but Saylor sees the divergence as an accumulation opportunity.
- Despite MSTR’s 22% stock decline, Saylor dismisses short sellers and highlights strengthening BTC fundamentals.
Michael Saylor is doubling down on one of his biggest predictions yet: Bitcoin will overtake gold as the world’s largest asset class by 2035. Speaking at the Yahoo Finance Invest event, the Strategy (MSTR) executive chairman said Bitcoin’s fixed supply — with 99% mined by 2035 — sets it apart from gold’s expandable supply and gives BTC a built-in advantage as global finance continues to digitize. With Bitcoin sitting at just over a $2 trillion market cap compared to gold’s $29 trillion, Saylor argues the gap isn’t a limitation but an opportunity, especially as institutional adoption accelerates and Bitcoin’s scarcity narrative strengthens.
Gold Outperforms This Year — But Saylor Sees an Opening
Despite Saylor’s long-term forecast, gold has been the stronger asset in 2025, soaring 62% year-to-date, while Bitcoin has climbed only 10%. Gold’s rally has been fueled by safe-haven demand, central bank buying, and geopolitical tension — the same forces that traditionally work against high-volatility assets like BTC. But Saylor insists this divergence is temporary. To him, Bitcoin represents “digital capital” — a programmable, borderless asset that cannot be inflated, a contrast to gold’s supply expansion through increased mining output. He believes the market is mispricing Bitcoin’s long-term potential, framing the current period as a prime accumulation phase.
Saylor Brushes Off Short Sellers as MSTR Stock Slips
Saylor also took aim at high-profile skeptics like Jim Chanos, who recently closed his short position against Strategy after months of public criticism. MSTR remains down more than 22% year-to-date, with most losses concentrated in the last six months, even though Bitcoin itself is up. Short interest still hovers near 8.8%, reflecting persistent doubt among bearish traders. Saylor dismissed the negativity, saying, “Nothing great has ever been created by a short seller,” and maintained that Strategy’s Bitcoin-heavy treasury strategy gives the company asymmetric upside as adoption scales.
Strengthening Fundamentals Support Saylor’s Case
Even as markets wobble, Saylor says Bitcoin’s underlying fundamentals have never been stronger. Network hashrate continues to push into record territory, institutional inflows through spot ETFs remain steady, and layer-2 scaling has boosted settlement activity. Meanwhile, clearer regulation in Europe — and potentially the U.S. — is reducing the risk premium around digital assets. Strategy’s deep exposure to Bitcoin positions the firm for amplified gains if adoption surges into the next cycle, something Saylor believes is inevitable as 2035 approaches and Bitcoin’s issuance curve nears its “.99 moment.”
