Saylor predicts Bitcoin’s value could reach $13M by 2045, capturing 7% of global wealth with a 29% annual return rate.
MicroStrategy has acquired 226,331 Bitcoins, valued at $15B, 80% higher than their cumulative purchase price under Saylor’s leadership.
Saylor suggests the U.S. should acquire Bitcoin reserves, comparing it to historical acquisitions like the Louisiana Purchase.
At the Bitcoin 2024 conference in Nashville, Michael Saylor, the executive chairman of MicroStrategy, delivered a bold macro forecast for Bitcoin.
He projected that Bitcoin’s price could soar to $13 million by 2045, despite an anticipated bear case in its annual growth rate from 55% to 20%.
Saylor’s prediction hinges on Bitcoin achieving an annual rate of return of 29%, leading to a market cap of $280 trillion, or 7% of global wealth.
BREAKING: @saylor PREDICTS $BTC PRICE OF $49M PER COIN IN 2045 AS BULL CASE pic.twitter.com/5syjFL5xdr
— DEGEN NEWS (@DegenerateNews) July 26, 2024
Current Market Cap and Future Projections
Saylor emphasized Bitcoin’s current market cap of $1.3 trillion, representing just 0.1% of global wealth at its present price of $65,000 per coin. For Bitcoin to reach $13 million, it would need to hugely increase its share of global wealth.
Saylor’s forecast included a base case where Bitcoin’s value would rise to $13 million by 2045. This scenario assumes a substantial shift in the cryptocurrency’s market influence, requiring an annual return rate of 29%. If this materializes, Bitcoin’s market cap would rise to $280 trillion, capturing 7% of global wealth.
Bull and Bear Case Scenarios
In addition to his base case, Saylor outlined more extreme scenarios. In a bull case, he suggested Bitcoin could be worth as much as $49 million per coin, accounting for 22% of global wealth.
Conversely, his bear case scenario placed Bitcoin at a value of $3 million, representing 2% of global wealth. Despite the range of potential outcomes, Saylor’s overall message emphasized Bitcoin’s major growth potential and its emerging role in the global economy.
MicroStrategy’s Bitcoin Holdings and Strategic Vision
Under Saylor’s leadership, MicroStrategy has amassed 226,331 Bitcoins over the past four years. These holdings are currently valued at approximately $15 billion, about 80% higher than their cumulative purchase price.
Saylor also proposed that the U.S. government should consider acquiring a majority of the global Bitcoin reserves. Drawing analogies to historical territorial acquisitions like the Louisiana Purchase and the acquisition of Alaska, he argued that such a move could boost the U.S. economy and reinforce the dollar’s global standing.
By securing a substantial share of Bitcoin, Saylor believes the U.S. could enhance its economic influence in the digital age.
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