According to U.Today, Michael Saylor, co-founder and chairman of MicroStrategy, has made a bold prediction regarding Bitcoin's future price. In a recent tweet, Saylor stated that the base case scenario for Bitcoin (BTC) is $13 million by 2045. He shared a graphic comparing Bitcoin's price in 2024 with estimates for 2045, highlighting a base case price of $13 million, a bear case of $3 million, and a bull case of $49 million. The market capitalization in these scenarios is projected to be $68 trillion, $280 trillion, and $1,030 trillion, respectively.
At a recent Bitcoin conference, Saylor presented data supporting his prediction, emphasizing Bitcoin's potential as digital capital. He believes that as adoption grows, Bitcoin could surpass $13 million per coin by 2045. Saylor, a strong advocate for Bitcoin, began investing in it in 2020 as a hedge against inflation and an alternative to cash. MicroStrategy, his company, is one of the largest public holders of Bitcoin, owning 226,331 BTC purchased for approximately $8.33 billion at an average price of $36,798.
In related news, asset manager VanEck recently predicted that Bitcoin's price could reach $2.9 million by 2050 if significant hurdles are overcome. VanEck also suggested that Bitcoin could account for 10% of international trade and 5% of domestic trade gains by 2050, with central banks holding it as a reserve asset. Meanwhile, short-term sentiment for Bitcoin remains optimistic but cautious. According to Santiment, Bitcoin's recent price rebound has shifted traders' sentiment to levels not seen in 16 months. Bitcoin's price was down 0.83% in the last 24 hours, trading at $67,489 at the time of reporting, according to CoinMarketCap data.
