Michael Saylor, founder of MicroStrategy and a well-known Bitcoin advocate, has caused a stir with his bold prediction that Bitcoin will hit $13 million by 2045, confirming Bitcoin’s growing importance as a global asset. His prediction has sparked discussions about its potential to change the face of traditional finance and challenge old investment models.

In a recent interview with Altcoin Daily, Saylor spoke about the rationale behind his statements, emphasizing Bitcoin’s fixed supply of 21 million coins, its value derived from scarcity, and its unparalleled long-term potential. This prediction has sparked debate in the worlds of crypto and finance, particularly regarding its performance since its inception and its role in hedging against economic volatility.

Saylor's views on Bitcoin in 2045:

In his interview with Altcoin Daily, Saylor described Bitcoin as “the world’s first perfect monetary asset.” Unlike traditional investments like gold, real estate, and stocks, it has a fixed supply, creating a degree of scarcity that other assets cannot replicate. Saylor emphasized that this scarcity will be the primary source of long-term value growth for the currency.

Traditional currencies such as the US dollar have lost a significant portion of their purchasing power over the past century, and Saylor uses this example to emphasize Bitcoin’s resilience, especially during periods when traditional currencies are under inflationary pressure. Bitcoin provides protection from these risks thanks to its limited supply, which enhances its status as a store of value. This model increases the currency’s usefulness in hedging against inflation thanks to the combination of its scarcity and fears of depreciation of traditional currencies.

Unprecedented growth potential:

Saylor’s optimism stems from Bitcoin’s performance over the past decade, growing at an average annual rate of 60%, outperforming traditional competitors such as the S&P 500, which has grown at an average annual rate of 15%. Saylor believes that this extraordinary growth could shift the world’s estimated $500 trillion in wealth toward Bitcoin, rather than traditional assets such as stocks, bonds, and real estate, despite Bitcoin’s periodic corrections and fluctuations, which Saylor sees as part of Bitcoin’s maturation process.

Saylor predicts that Bitcoin’s price and market cap will rise from $55,000 and $2 trillion in 2024 to $13.280 trillion by 2045, representing an annual return of about 29% over the next 21 years, a feat that no traditional asset has ever achieved before.

Bitcoin Technical Analysis: Price Approaching Important Levels:

Bitcoin (BTC) price is currently trading at $94,975, up 0.44% in 24 hours with a trading volume of $22.35B, and the price is still stuck below the resistance level formed by the descending movement line at $95,550 which is aligned with the 50-day exponential moving average (EMA-50). A break above this level could push the price towards the next resistance levels at $98,330 and $100,250 which are important foundations for the continuation of the upward momentum.

On the other hand, the closest support level is at $92,150, and a decline below it will confirm the exit from the double bottom pattern and will provide an opportunity for further decline towards $90,404 and $88,761, while the Relative Strength Index (RSI) at 44 indicates a neutral bearish momentum that leaves room for short-term price fluctuations.

Important price levels to follow:

Resistance levels: $95,550, $98,330, $100,250.

Support levels: $92,150, $90,404, $88,761.

Indicators: The Relative Strength Index (RSI) is at 44, indicating neutral momentum, while the 50-day EMA is acting as resistance at $95,550.