Crazy Bull Market! MicroStrategy CEO Claims Bitcoin Will Rise to $13 Million
The company that holds the most Bitcoin in the world, MicroStrategy, CEO Michael Saylor has stated that Bitcoin will surge to $13 million by 2045.
With the support of cryptocurrency from Donald Trump, Bitcoin's price has skyrocketed by about 45% after his election, and it has more than doubled in price this year. On Friday, it reached above $99,800, setting a new record before showing a pullback trend.
Even with Bitcoin's price correction, bulls remain optimistic about the future market. According to a report by Business Insider, MicroStrategy CEO Saylor stated to CNBC on Friday (22nd) that Bitcoin's annualized return over the next 21 years should reach 29%.
Saylor attributes Bitcoin's potential growth to increased investor adoption and reduced volatility, emphasizing that the Republican Party's control over Washington may introduce policies favorable to Bitcoin, further boosting its value. He said, "My prediction is that by 2045, the price of one Bitcoin will reach $13 million."
MicroStrategy holds 331,200 Bitcoins, worth over $30 billion, and the company is issuing convertible bonds to use the funds to purchase Bitcoin.
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