Michael Saylor, co-founder of MicroStrategy, made remarkable predictions at the Bitcoin 2024 conference held on July 26. Saylor predicted that the Bitcoin price could reach $13 million by 2045. This estimate stands out as an increase over the $10 million estimate he previously made in June. Speaking at the event held in Nashville, Tennessee, Saylor told the audience that they should adopt a very optimistic approach towards Bitcoin (BTC). Saylor's striking predictions about the BTC price created a great impact:

“The price of Bitcoin could fall as low as $3 million or rise as high as $49 million.”

Saylor also made strategic suggestions to BTC investors. "You financed your house for Bitcoin, bought Bitcoin and converted all your assets to Bitcoin. You also moved to an area that offers tax advantages and invested an extra $50 thousand in Bitcoin," said Saylor, stating that with this strategy, the net worth can increase up to $214 million.

Saylor pointed out that physical assets lose value over time. “All physical assets such as stocks, Ferraris, real estate and bonds are subject to the laws of entropy,” he said. Entropy absorbs the capital within physical assets, reducing their value. Saylor emphasized that even the most durable physical assets lose value in the long run. "Even the best examples, like the UK Crown Estate, can last 1,000 years. But generally what you'll get is 50 to 75 years," he said. "That's why we call it earth, not heaven."

Saylor emphasized that Bitcoin differs from other assets because it does not exist in the physical world and has an infinite life. “Bitcoin is immortal, immutable and immaterial. That's why it is the solution to our economic problems,” he said.

MicroStrategy is known as one of the largest publicly traded Bitcoin holders in the world. As of June 20, the company holds 226,331 BTC worth approximately $8.33 billion at an average price of $36,798. Saylor's bold predictions and strong belief in Bitcoin present new strategic opportunities for both individual investors and companies.

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