According to CoinDesk, Michael Saylor, the executive chairman of MicroStrategy, remains highly optimistic about Bitcoin's future. Speaking at the Bitcoin 2024 conference in Nashville, Saylor projected that Bitcoin could rise to $13 million by 2045 in his base case scenario. He noted that with Bitcoin's current price around $65,000, it has a market cap of $1.3 trillion, representing just 0.1% of global wealth.
Saylor explained that for Bitcoin to reach $13 million by 2045, it would need an annual rate of return of 29%. At that level, Bitcoin would have a market cap of $280 trillion and account for 7% of global wealth. In a more optimistic scenario, Saylor suggested Bitcoin could be worth as much as $49 million, capturing 22% of global wealth. Conversely, his bear case scenario estimated Bitcoin's value at $3 million, accounting for 2% of global wealth.
Under Saylor's leadership, MicroStrategy has accumulated 226,331 Bitcoin tokens over the past four years, currently valued at approximately $15 billion. This represents an 80% increase over the cumulative purchase price.
