Michael Saylor: We are in a Bitcoin gold rush that will last ten years
On March 4, according to Cointelegraph, MicroStrategy founder Michael Saylor said, “I think we are in the Bitcoin gold rush era, which will start in January 2024 and will last until about November 2034.” In addition, Saylor said that by In 2035, 99% of all Bitcoins will be mined, and 2035 will mark the beginning of the "growth phase." According to data from Buy Bitcoin Worldwide, approximately 93.5% of the total 21 million Bitcoins have been mined so far.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
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