Speaking on June 15 at BTC Prague, Saylor argued that Bitcoin currently represents only a tiny fraction of global wealth. "Bitcoin has $1 trillion out of $1,000 trillion of capital," Saylor said. "It represents 10 basis points of all the capital in the world." He predicts Bitcoin’s path from $70,000 to $700,000 and eventually $7 million depends on moving from 0.1% of global capital to 1%, then 2%, 3%, 5% and eventually 10%.