Bitcoin Conference 2024: Michael Saylor Reveals Major Bitcoin Price Prediction
Bitcoin conference in Nashville by predicting that Bitcoin’s market capitalization will skyrocket to $280 trillion by 2045. This optimistic forecast represents a massive increase from its current market cap of just over $1 trillion, suggesting Bitcoin could overshadow traditional assets like art and gold.
Known for his bullish stance on Bitcoin, Saylor owns over $1 billion in Bitcoin personally, and MicroStrategy holds around 226,000 Bitcoins worth approximately $15.3 billion. During his keynote speech to thousands of attendees, Saylor emphasized Bitcoin’s potential longevity compared to other assets, arguing that digital capital could outlast physical assets.
He stated that Bitcoin’s current market cap is $1.3 trillion, making up just 0.1% of global wealth. He predicts that in a base scenario, Bitcoin could reach $13 million, representing 7% of global wealth, with a market cap of $280 trillion and an annual return of 29%.
In a bullish scenario, Bitcoin could soar to $49 million, or 22% of global wealth. Even in a bearish scenario, Bitcoin might still hit $3 million, making up 2% of global wealth. Currently, Bitcoin is trading at $67,884.83, up 4.84%.
