Saylor "Bitcoin Will Overtake S&P 500"

▲ Bitcoin (BTC), S&P 500/AI Generated Image

Michael Saylor, co-founder of Strategy and a Bitcoin (BTC) bull, has reaffirmed his long-term outlook that Bitcoin will outperform the S&P 500. He stated, "Bitcoin's average annual return could significantly exceed the long-term average of the S&P 500," and reiterated the basis for his forecast of $13 million by 2045.

The Crypto Basic reported on May 21 (local time) that Saylor appeared on CNBC's Squawk Box on Thursday, stating that Bitcoin would rise more than the S&P 500 in the long run. The S&P 500 is a representative index tracking 500 major listed companies in the United States and is considered one of the most prominent benchmarks in the global financial market.

According to the article, the S&P 500 has risen 8% this year, with an average annual return of around 10%. In contrast, Bitcoin has fallen 12% this year. While Bitcoin has lagged behind the S&P 500 in terms of short-term performance, Saylor believes that Bitcoin will surpass the index over time.

When asked about the expected average annual return, Saylor said, "I expect 30%." His forecast is three times higher than the S&P 500's average annual return of 10%. Based on this return outlook, he maintained his existing forecast that Bitcoin could reach $13 million by 2045.

Saylor's $13 million forecast assumes that Bitcoin will achieve an average return of 29% over the next 19 years. He cited institutional adoption, government-level financial strategies, and a fixed supply structure as key catalysts. He also argued that Bitcoin could weaken gold's market position and attract capital from traditional financial markets.

The assertion that Bitcoin will outperform the S&P 500 is a long-held forecast by Saylor. He previously stated this year that Bitcoin could achieve two to three times the performance of the S&P 500 over the next four to eight years.

In this interview, Saylor also said that Bitcoin would rally again from its current level. He identified the $60,000 support level as Bitcoin's bottom and explained that Bitcoin is receiving relatively robust support at its current level and is entering a cryptocurrency spring phase amidst a favorable macroeconomic environment.

The policy environment was also presented as a bullish argument. Saylor cited progress in passing the U.S. cryptocurrency market structure bill as a major positive factor. The bill passed the U.S. Senate Banking Committee last week with bipartisan support after being delayed for several months. He also believed that the possibility of the U.S. Securities and Exchange Commission soon issuing innovation exemption guidelines to support the tokenization of securities based on cryptocurrency networks could be a significant catalyst for the market.

Although Bitcoin has shown weaker performance than the S&P 500 this year, Saylor emphasized fixed supply and increasing institutional adoption as key justifications for long-term performance rather than short-term returns. His argument focuses on the prospect that Bitcoin can absorb capital from traditional financial market benchmark indices and gold, leading to a long-term upward trend.

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