Michael Saylor Says Bitcoin is in a Gold Rush Era

The adoption of Bitcoin has been rapidly accelerating among institutions thanks to the emergence of Spot Bitcoin ETFs.

Michael Saylor, founder of MicroStrategy, believes that this trend will be further fueled by the growth of autonomous artificial intelligence.

According to Saylor, we have entered the “Bitcoin gold rush” era that began in January 2024 and will continue until around November 2034.

He also noted that by this time, miners will have mined around 99% of all Bitcoins, marking the beginning of the “growth phase.”

Currently, the mining rate is at 93.5%, according to BitcoinTreasuries. Saylor also stated that only 10-20% of managers are currently interested in ETFs as a “distribution channel”, but this number will eventually approach 100% as barriers are removed.

As a result, institutions will be able to easily buy large amounts of Bitcoin through banks, platforms, and prime brokers.