The post Michael Saylor Bold Bitcoin Prediction: BTC To Hit $13 Mln By 2045 appeared first on Coinpedia Fintech News
MicroStrategy, led by co-founder Michael Saylor, owns over 1% of the total Bitcoin supply, is making headlines with a bold Bitcoin price prediction. Despite recent drops in Bitcoin’s price, Saylor is confident that the cryptocurrency will reach $13 million per coin by 2045. This ambitious prediction highlights his strong belief in Bitcoin’s future.
Bitcoin To Hit 13 Mln By 2045 – Michael Saylor
In a recent CNBC Squawk Box interview, Saylor predicted that Bitcoin could reach $13 million per coin by 2045. He explained that Bitcoin currently represents just 0.1% of global capital but could grow to 7% of global capital.
To hit this $13 million target, Bitcoin would need to soar by 23,414% from its current price of $56,789. This would give Bitcoin a market cap of $257.26 trillion, a massive increase from its current valuation of $1.12 trillion.
While Saylor is optimistic, other analysts have more cautious predictions. For example, VanEck projects that Bitcoin might reach $2.9 million by 2050.
Despite these varying forecasts, Saylor remains confident in Bitcoin’s potential, largely due to its unique feature of zero counterparty risk.
MicroStrategy’s Bitcoin Holdings
MicroStrategy, known for its large Bitcoin holdings, has been accumulating the cryptocurrency since 2020. The company currently owns 226,500 Bitcoins, purchased at an average price of $35,158 each.
The company’s Bitcoin bet has proven successful. MicroStrategy’s stock has risen dramatically, offering investors a way to gain exposure to Bitcoin. Saylor reports an 825% return on their Bitcoin investment. This growth has continued even after the approval of Bitcoin spot ETFs earlier this year.