Michael Saylor’s Epic 99% Bitcoin Prediction Stuns Crypto Community

Michael Saylor, the co-founder and chairman of MicroStrategy, has once again made waves in the cryptocurrency world with a new Bitcoin (BTC) prediction. In a recent tweet, Saylor asserted that “99% of Bitcoin will be mined by January 2, 2035.”

Since Bitcoin can only be produced through mining, every BTC currently available has been mined. As of now, the total supply stands at approximately 19,760,384 BTC, which accounts for about 94.10% of its capped limit of 21 million BTC. This leaves around 1,239,588 BTC to be mined.

Saylor’s prediction indicates a significant acceleration in Bitcoin mining activity over the next decade, suggesting that nearly 5% more of Bitcoin’s total supply will be extracted. If his forecast proves accurate, it would mean that 99% of Bitcoin’s supply will circulate much sooner than previously expected. Analysts have anticipated that the last Bitcoin will be mined around the year 2140.

The implications of such a scenario could be substantial. With 99% of Bitcoin already mined, the remaining 1% could become increasingly rare, potentially leading to price surges as demand exceeds supply. The dynamics of Bitcoin mining might also shift dramatically, compelling miners to adapt to a situation where rewards for mining new blocks are considerably diminished.

In terms of price, Bitcoin reached a high of $66,550 in recent trading, marking its highest level since early August. The cryptocurrency briefly surged to $65,988 before settling at $65,636, reflecting a 0.09% increase over the last 24 hours.

Bitcoin is on track for one of its strongest performance months in September, aided by a global trend of interest rate cuts, especially from the U.S. Federal Reserve, which is helping the largest digital asset overcome its typical seasonal challenges. So far, Bitcoin has risen more than 11.31% this month, contrasting sharply with a historical average decline of 5.9% in September over the past ten years.

According to cryptocurrency analyst Ali Martinez, when Bitcoin ends September with gains, the final three months of the year often yield even greater profits.