The Future of Bitcoin: Michael Saylor Predicts Growth to $13 Million

by Giorgi Kostiuk

9 months ago

Michael Saylor, executive chairman of MicroStrategy, has predicted a significant global capital migration into Bitcoin in the coming decades.

Reasons for Bitcoin Growth

According to Michael Saylor, Bitcoin's price increase will be driven by three key factors: innovation and technology, rising inflation, and capital migration from less stable assets.

Expected Capitalization and Inflation Impact

Saylor expects Bitcoin's market value to reach $280 trillion by 2045, with a single Bitcoin potentially worth $13 million. Inflation and Bitcoin's unique properties as an asset will support this trend.

People are considering selling their real estate, natural gas, and even local currencies to buy Bitcoin.

Investor Prospects

Saylor argues that Bitcoin will become the dominant global monetary asset, growing faster than traditional assets such as stocks, gold, and real estate. He predicts an annual growth rate of 29% over 21 years.

Based on a 29% annual growth rate, we get to $13 million per coin by 2045.Michael Saylor

Michael Saylor's forecasts highlight potential shifts in investment focus towards Bitcoin, presenting new opportunities for the cryptocurrency market.

Rewards

More rewards

Discover enhanced rewards on our social media.

Other news

Arup Engineering Consultancy Falls Victim to Deepfake Fraud

In January 2024, UK-based Arup consultancy lost over USD 25 million due to deepfake impersonation during a video conference.

Luis Flores5 minutes ago

Binance Faces Scrutiny Amid Market Selloff

Binance faced multiple issues during the recent market selloff, including reports of failed stop-loss orders and sudden liquidations. The exchange attributed these problems to a display issue, denying any technical faults. In response, Binance announced it would compensate affected users with 283 million for those holding depegged collateral assets.