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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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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The post MicroStrategy’s Michael Saylor Says Bitcoin Will Hit $13,000,000 in Base-Case Scenario – Here’s His Timeline appeared first on The Daily Hodl.
