😱🚀🚀Michael Saylor shared 3 scenarios for Bitcoin: Ambitious price predictions
#michaelsaylor , the chairman of the board of directors of MicroStrategy, which holds more than 226 thousand Bitcoins on its balance sheet, estimates that Bitcoin will reach $3 million by 2045 in the worst-case scenario.
Saylor also shared the most likely and best-case scenarios
MicroStrategy's chairman of the board of directors, Michael Saylor, shared his price predictions extending to 2045 at the Bitcoin 2024 conference held in the US.
Saylor believes that #Bitcoin will reach $3 million by 2045 in the worst-case scenario. In this case, Bitcoin will constitute 2 percent of all global wealth. Its market value will also reach $68 trillion. In order for Bitcoin to reach $3 million in the next 21 years, its annual average return will need to be 21 percent.
According to Saylor, the most likely scenario is for the price to be $13 million by 2045. The MicroStrategy founder shared that if a value of $13 million per Bitcoin is reached, Bitcoin will take a 7 percent share among all global assets. This price level will bring a market value of $280 trillion to Bitcoin. On the other hand, in this scenario, the average annual return seems to be calculated as 29 percent.
Saylor said in his speech that the best-case scenario is for Bitcoin to reach $49 million by 2045.
Bitcoin reaching this price level means taking a 22 percent share of global wealth. However, in the best-case scenario, the market value is measured at $1 quadrillion. For a price level of $49 million, Bitcoin needs to increase by an average of 37 percent annually.
