Michael Saylor Says Bitcoin Will Hit $13M by 2045
Popular maximalist Michael Saylor gave another classic Bitcoin price prediction at the Nashville Conference on Friday. This time, the Bitcoin evangelist went even bigger on his expectations of the asset in the next 21 years.
Saylor predicted that Bitcoin would hit $13 million on a base market condition by 2045, accounting for about 7% of global wealth. To reach this price, the maximalist noted that the asset would increase by about 29% per year and hit a market cap of $280 trillion.
This was just one of the MicroStrategy founder’s price expectations. Saylor gave a bull, base, and bear case price prediction for the asset.
For a bull scenario, the Bitcoin evangelist stated that the asset would hit a staggering $49 million per asset, with a market cap of $1,030 trillion. The asset would also grow by 37% per annum and account for 22% of the global market.
In a bear case, Salylor stated that Bitcoin would trade at $3 million with a market cap of $68 trillion. This is about 47x or 2,350% of the current price of Bitcoin. The largest crypto asset would need to grow by 21% per year to account for about 2% of global wealth.
Bitcoin currently accounts for 0.1% of global wealth at $65,000 and has a market cap of $1.3 trillion. The asset is already up 37% year-to-date, the same percentage growth it needs to hit in the bull case to trade at $49 million in 2045.
Market Relying on Imperfect Asset: Saylor
“The global economy struggles because we’re relying upon imperfect assets and imperfect systems to store that capital,” Saylor told his 8,000-person conference audience.
Michael Saylor stated that most investors put their money on things that will not last long, noting that investing in digital innovation will outlast other forms of asset storage.
“Bitcoin held with a custodian could have a useful life of around 1,000 years. Bitcoin that is self-custodied could have a useful life of 10,000 years, and Bitcoin with its custody maintained by artificial intelligence could last 100,000 years,” the MicroStrategy founder noted.
This narrative explains Saylor and his company, MicroStrategy’s, loaded Bitcoin bag. Saylor is believed to personally own over $1 billion in Bitcoin, and MicroStrategy’s portfolio is valued at $15.42 billion.
MicroStrategy started buying Bitcoin in 2020 and had acquired 226,331 BTC at the time of reporting. The firm’s Bitcoin treasury adoption strategy has drastically benefited its publicly traded stock, MSTR, which is up 9% in the past 24 hours and 155% year-to-date.
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