Michael Saylor, the executive chairman of MicroStrategy, forecasts a substantial increase in Bitcoin’s value, projecting it to reach $13 million by the year 2045.
With a current valuation of $67,800, Bitcoin’s market capitalization stands at $1.338 trillion, representing a mere 0.1% of the total world wealth.
Saylor asserts that in order for Bitcoin to achieve this fundamental scenario, it would necessitate an annual rate of return of 29%, leading to a market capitalization of $280 trillion and representing 7% of the world’s total wealth.
Under an optimistic scenario, Bitcoin’s value may reach $49 million, representing 22% of the world’s wealth. Conversely, under a pessimistic scenario, its value could drop to $3 million, accounting for only 2% of global wealth. MicroStrategy, under Saylor’s guidance, has acquired a Bitcoin portfolio valued at over $15 billion.
At writing time, Bitcoin (BTC) outperformed the overall crypto market performance, experiencing a 4.83% increase and reaching a value of $68,000. Cryptocurrencies including Solana (SOL), Ethereum (ETH), BNB Chain (BNB), and Cardano (ADA) experienced an over-3% increase. Dogecoin (DOGE), on the other hand, experienced a 4% increase in value, whilst the memecoin popcat (POPCAT), which is built on the Solana blockchain, surged by over 9%.
