According to the source, Michael Saylor stated that Bitcoin will be a larger asset class than gold by 2035, implying BTC could overtake gold’s total market value (source: Michael Saylor). For trading context, the World Gold Council has estimated the value of above‑ground gold in the roughly $12–13 trillion range depending on gold price, which provides a benchmark for the target Bitcoin would need to exceed (source: World Gold Council). Using that range and recent circulating supply of roughly 19.5–19.7 million BTC, the implied equilibrium price to match gold would be approximately $600,000–$700,000 per BTC, before considering future supply changes (sources: World Gold Council; Blockchain.com total Bitcoins in circulation). Post‑April 2024 halving, Bitcoin’s issuance dropped to 3.125 BTC per block, reducing annual supply growth to roughly 0.8–0.9%, a structural factor often cited in long‑term valuation frameworks versus gold’s ~1–2% annual above‑ground stock growth (sources: Bitcoin.org controlled supply; World Gold Council supply/stock data). For reference, BTC’s prior all‑time high near $73,000 in March 2024 underscores the distance to any multi‑hundred‑thousand targets cited in long‑horizon theses (source: Yahoo Finance price history).