Michael Saylor, Strategy’s Executive Chairman, has recently made a bullish prediction for Bitcoin’s growth. Hence, Michael believes that Bitcoin ($BTC) has considerable potential to grow 29% yearly while its institutional adoption is rising significantly. As Michael stated in a recent talk with Natalie Brunell in the Coin Stories podcast, the market is consolidating while early “OG” holders are exiting and institutions are seeking lower volatility. He added that the respective process underscores a natural phase of Bitcoin’s ($BTC) maturity.

Strategy’s Michael Saylor Predicts 29% Annual Rise

In Michael Saylor’s point of view, Bitcoin ($BTC) is poised to see a 29% annual growth over next 2 years despite the current sideways trading. This anticipation is fueled by the historical performance as the leading cryptocurrency saw 99% gains over the past year. Hence, irrespective of recent lack of price action, it has maintained a very positive outlook. At the moment, the early Bitcoin ($BTC) adopters are offloading in modest amounts to meet real-world expenses. The respective gradual exit is clearing the way for funds and corporations to enter the market as soon as the volatility further decreases.

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Apart from that, Michael Saylor categorizes this process as the top crypto asset’s evolution. He has also addressed the critics who say that Bitcoin ($BTC) offers no cash flow. In this respect, he has asserted that several valuable assets, including art, land, and gold, share the respective trait. As per Saylor, the perfect money does not have any cash flows, and this underscores the role of Bitcoin as a suitable long-term value-storage vehicle.

Top Cryptocurrency Maintains Robust Outlook for Long-Term Expansion

According to Michael Saylor, irrespective of the sideways movements of Bitcoin ($BTC) it is set to grow 29% yearly over the next 2 years. A key factor behind this development is the gradual exit of “OG” holders while institutions are readying to jump in as volatility cools down. Keeping this in view, the leading cryptocurrency’s long-term market outlook is optimistic amid the increased institutional interest.