Bitcoin News Today: Bitcoin vs. Gold 2035: Saylor's Bet Defies Critics, Debt-Fueled Doubts

Michael Saylor, executive chairman of Strategy (MSTR), the world's largest public holder of Bitcoin, has doubled down on his bold prediction that the cryptocurrency will eclipse gold as the largest asset class by 2035. Speaking at the Yahoo Finance Invest event, Saylor emphasized Bitcoin's finite supply-capped at 21 million coins-and its accelerating adoption as key drivers of its long-term value. "There's no doubt in my mind," he stated, "Bitcoin will be a larger asset class than gold by 2035."

Strategy's aggressive Bitcoin accumulation strategy underscores Saylor's conviction. The company recently added 487 Bitcoin to its treasury, bringing total holdings to 641,692 BTC-worth approximately $68 billion at current prices. This represents over 3% of Bitcoin's total supply and reflects an average purchase price of $74,079 per coin. The latest acquisition was funded through the issuance of perpetual preferred stocks, including STRK, STRF, STRD, and STRC, which collectively support Strategy's expanded "42/42" capital-raising plan targeting $84 billion through 2027 as per market analysis.

Saylor's forecast faces skepticism, particularly from short sellers like Jim Chanos, who recently closed his position against Strategy's stock after a protracted battle. Chanos, known for targeting overvalued firms, argued that Strategy's financial engineering-leveraging debt and equity to fund Bitcoin purchases-has created a precarious risk profile. "The premium investors were willing to pay for Strategy has plummeted," Chanos noted, citing the company's 22% year-to-date stock decline and Bitcoin's underperformance against gold, which has surged 62% in 2025.

Bitcoin's path to overtaking gold, however, hinges on significant price appreciation. At $2.04 trillion, Bitcoin's market cap lags far behind gold's $29.2 trillion valuation. Saylor acknowledges this gap but frames it as an opportunity, citing Bitcoin's unique properties: programmable money, digital scarcity, and institutional adoption. By 2035, 99% of Bitcoin's supply will be mined, he noted, creating a "hard cap" that contrasts with gold's potential for expanded mining output according to market analysis.

Market dynamics remain mixed. While Bitcoin has rebounded above $105,000 following U.S. government shutdown resolutions and renewed institutional interest, it still trails the S&P 500 and Nasdaq Composite in 2025 performance. Gold's recent outperformance has been fueled by inflation hedging and central bank demand, particularly in emerging markets as per financial reports. Yet Saylor dismisses these challenges, arguing that Bitcoin's blockchain technology and growing acceptance as a "digital store of value" will drive its dominance.

The broader crypto landscape also supports his thesis. Over 193 public companies have adopted Bitcoin treasury strategies, though many face valuation pressures as their shares underperform amid shifting market sentiment. Strategy's peers, including MARA, Tether-backed Twenty One, and Bullish, hold combined reserves of 53,250 BTC, but none match Strategy's scale or Saylor's relentless buying as market analysis shows.

Critics highlight risks, including leveraged positions in crypto derivatives and the sector's susceptibility to regulatory shifts. However, Saylor maintains that Strategy's capital structure-blending equity, convertible debt, and preferred instruments-is designed to withstand a 90% drop in Bitcoin's price over four to five years according to financial reports.

As the 2035 deadline looms, the race between Bitcoin and gold remains wide open. For now, Saylor's unwavering bullishness-and Strategy's continued Bitcoin purchases-signal a high-stakes bet on the future of digital finance.