In a recent tweet, Michael Saylor, co-founder and CEO of MicroStrategy, made a bold prediction about the future price of Bitcoin (BTC).
He told Saylor that $13 million is the expected value of Bitcoin.
Saylor accompanied his tweet with a graph containing expectations for Bitcoin prices over a period of 21 years, comparing the current price of 2024 with future estimates for 2045.
According to the graph, with the current price of Bitcoin estimated at $65,000 and a market cap of $1.3 trillion, the base scenario price of Bitcoin is expected to reach $13 million in 2045.
The forecast includes a bearish scenario of Bitcoin reaching a value of only $3 million and a bullish scenario of $49 million.
In the downside scenario, it is expected that the market value of Bitcoin will reach $68 trillion, and in the basic scenario it is expected to reach $280 trillion, while in the upside scenario, the total value may reach $1,030 trillion.
Saylor's remarks at the Bitcoin conference:
At a recent Bitcoin conference, Saylor presented exciting data to support his prediction that Bitcoin, as a digital capital, could reach $13 million per coin by 2045 as adoption evolves.
Saylor, a staunch believer in Bitcoin, began buying the currency in 2020 as a hedge against inflation and as a cash alternative.
Currently, MicroStrategy is one of the largest public companies holding Bitcoin in the world.
As of June 20, the company had 226,331 bitcoins purchased at a total cost of approximately $8.33 billion, at an average price of $36,798 per bitcoin.
The asset management company “VanEck” surprised the cryptocurrency community with its predictions for the price of Bitcoin.
VanEck predicts that Bitcoin will reach $2.9 million by 2050 if major hurdles are cleared.
The company also expects that Bitcoin will constitute 10% of international trade and 5% of domestic trade by 2050, and that central banks will hold it as a reserve asset.