ChainDD (WeChat ID: ChainDD) reported on July 27 that Michael Saylor, founder of Micro Strategy, gave a speech at the Bitcoin Conference, saying that as adoption grows, the price of Bitcoin could exceed $13 million by 2045, which would require an annual return of 29%. At this level, Bitcoin's market value would reach $280 trillion, accounting for 7% of global wealth.
He added: "In a bear market scenario, the price of Bitcoin could be $3 million, or 2% of global wealth, but in a bull market scenario, the price of Bitcoin could reach $49 million, or 22% of global wealth." Under Saylor's leadership, MicroStategy has bought 226,331 Bitcoins over the past four years, currently worth about $15 billion, about 80% higher than the cumulative purchase price. (Bitcoin Magazine)
