MicroStrategy’s Michael Saylor Says Bitcoin Will Hit $13,000,000 in Base-Case Scenario – Here’s His Timeline
MicroStrategy founder and executive chairman Michael Saylor thinks Bitcoin (BTC) will skyrocket over 19,000% in about two decades.
Speaking at the Bitcoin2024 conference in Nashville, Saylor unveils his long-term predictions for BTC, stretching out to the year 2045.
In his base-case scenario, the BTC firebrand sees Bitcoin’s annual rate of return (ARR) decreasing over time until the crypto king hits $13 million with a market cap of $280 trillion.
“Here’s my macro Bitcoin forecast: it’s 21 years. It goes out to the year 2045. What do I think will happen? Well, I’ve got a bear case and a bull case.
But what I think will happen is that 55% ARR goes to 50%, 45%, 40%, 35%, 30%, 25%, 20% – it’s between 50% and 20%. It will gradually decelerate till it’s growing about twice as fast as the S&P index.
At that rate, Bitcoin is $13 million a coin in year 2045. It could be a $3 million bear case, it could be a $49 million bull case. But what is Bitcoin? 7% of the world’s asset then.”
Saylor’s MicroStrategy is the largest corporate holder of Bitcoin in the world with a trove of 226,331 BTC worth $15.318 billion.
Crypto trader Luke Martin says Saylor would be the wealthiest man on the planet if BTC soars to $13 million per coin in 2045.
“If you factor in percentage ownership of Microstrategy and personal coins… His BTC position would = $573 billion, making him the richest person on earth if his prediction plays out…
Really puts the Bitcoin nation-state game theory into perspective. One guy was able to accumulate a BTC position that could rival the largest central bank gold reserve in a decade or two. One guy live-tweeting his buys nonstop for four years.
Study conviction.“
At time of writing, Bitcoin is trading for $68,018.
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