đ BREAKING: BITCOIN = 7% OF GLOBAL WEALTH BY 2045??? đ
Michael Saylor remains exceedingly bullish on Bitcoin (BTC), predicting a monumental price increase to $13 million by 2045. This forecast was shared during his keynote address at the Bitcoin 2024 conference in Nashville.
đ Saylor emphasized that at Bitcoin's current price of around $65,000, its market cap stands at $1.3 trillion, representing a mere 0.1% of global wealth. To reach $13 million per Bitcoin by 2045, an average annual return of 29% would be necessary. This would give Bitcoin a market cap of $280 trillion, accounting for 7% of global wealth.
đ In his bull case, Saylor suggested Bitcoin could soar to $49 million, claiming 22% of global wealth. Conversely, his bear case scenario places Bitcoin at $3 million, representing 2% of global wealth.
đŒ Under Saylor's guidance, MicroStrategy has amassed a significant Bitcoin holding of 226,331 tokens over the past four years. This stash is currently valued at approximately $15 billion, around 80% higher than the cumulative purchase price.
đź Saylor's bold projections are grounded in his belief in Bitcoin's potential to revolutionize global finance and become a dominant asset class. As Bitcoin continues to mature and gain institutional adoption, Saylor's ambitious targets highlight the long-term optimism shared by many in the crypto community.
Stay tuned with @Professor Mende - Bonuz Ecosystem Founder !đ
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