
Michael Saylor, executive chairman of Strategy, predicts Bitcoin will appreciate about 30% per year for the next 20 years, potentially making today's price negligible by 2045. He proposed a Bitcoin capital gains fund that would pay dividends based on Bitcoin's price gains, aiming to attract income-focused investors by turning Bitcoin into a yield-generating asset. Strategy currently holds around 500,000 BTC, acquired through over $30 billion in fundraising since 2020, with plans to increase holdings by nearly 29% through new share issuance. This approach could further normalize corporate Bitcoin adoption but carries dilution risks if Bitcoin's price declines or stalls.