Insane Bitcoin Price Prediction From MicroStrategy’s Michael Saylor
MicroStrategy, spearheaded by co-founder Michael Saylor, holds more than 1% of the global Bitcoin supply and has recently made a striking prediction about Bitcoin’s future value.
Despite recent price declines, Saylor forecasts that Bitcoin could hit $13 million per coin by 2045, reflecting his strong belief in its long-term potential.
In a recent CNBC Squawk Box interview, Saylor suggested that Bitcoin, which currently accounts for only 0.1% of global capital, could eventually represent 7%. Achieving a $13 million valuation would require Bitcoin to surge by 23,414% from its present price of $56,789, elevating its market cap to $257.26 trillion from its current $1.12 trillion.
READ MORE: Top Crypto Analyst Predicts a Major Bitcoin Breakout Soon
While Saylor is bullish, other experts like VanEck predict a more conservative figure of $2.9 million by 2050. Nonetheless, Saylor’s confidence is driven by Bitcoin’s lack of counterparty risk.
MicroStrategy, which has been building its Bitcoin reserves since 2020, now holds 226,500 Bitcoins at an average purchase price of $35,158 each. This investment has significantly benefited the company, resulting in an 825% return and contributing to the rise in MicroStrategy’s stock value, even following the recent approval of Bitcoin spot ETFs.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
