Bitcoin bull and MicroStrategy Chairman Michael Saylor explains how and when Bitcoin could reach his lofty price prediction. Despite numerous long-term optimistic Bitcoin price predictions, Michael Saylor’s projection stands out as the most audacious.
Bitcoin May Reach $13 Million by 2045
At the July 2024 Bitcoin 2024 conference in Nashville, MicroStrategy’s executive chairman shocked many by forecasting Bitcoin would be worth $13 million. He recently revealed when and how this could happen. Saylor predicts Bitcoin will reach $13 million by 2045. The famed Bitcoin evangelist revealed this on Tuesday, December 17, during an Impact Theory podcast episode regarding his July 2024 prediction.
Saylor told radio host Tom Bilyeu that the “Bitcoin24” concept underpinned his $13 million Bitcoin price forecast. The open-source Bitcoin24 model lets individuals, organizations, institutions, and governments estimate the 21-year outcome of various Bitcoin strategies using their assumptions. Saylor expects Bitcoin to rise 20% annually, down from 60%, with an ARR of 29% over the next 21 years.
Saylor Predicts Bitcoin May Hit $22 Million
The asset was trading for $65,000 when Saylor forecasted Bitcoin a future price of $13.6 million. With pricing around $104,000, the MicroStrategy CEO predicts nearly $22 million. He called the $13 million aim his base scenario in July 2024. Saylor stated in a recent podcast that education and high-net-worth adoption will drive this projection. He noted that 95% of the world knows Bitcoin’s potential, but that may change.
The growth in capital allocation to Bitcoin may be helping the asset. The debut of spot Bitcoin ETFs in the U.S. is driving this increase. These products have nearly $122 billion in assets and $37 billion in net inflows in 11 months. BlackRock’s IBIT is the most successful ETF launch in the past decade at almost $59 billion.
As Saylor noted on the Impact Theory podcast, asset managers like BlackRock are spearheading the orange-piling effort after this accomplishment. The company published research suggesting investors dedicate up to 2% of their portfolio to Bitcoin. Saylor observed that firms are moving part of their treasuries to Bitcoin and ETFs.
MicroStrategy Leads Bitcoin, U.S
MicroStrategy leads with over 439,000 BTC, accounting for 2% of the total supply. Marathon Digital, Riot Platforms, Semler Scientific, and Metaplanet have recently entered the market due to institutional investor demand, reflected in their stock prices.
As institutional investors use MicroStrategy as a proxy for Saylor Forecasts Bitcoin, its shares have risen 490% YTD, beating Bitcoin, which has climbed 150%. Saylor said the company had raised $15 billion to acquire Bitcoin in six weeks since launching its $42 billion Bitcoin treasury plan. The corporation raised $10 billion to acquire Bitcoin four years after 2020.
According to Saylor, the U.S. will join El Salvador in creating a Bitcoin reserve under the upcoming Trump administration. “Bitcoin is emerging as the global digital capital network,” Saylor told Impact Theory’s Tom Bilyeu. He stated that the rise from $100,000 to $13 million in 21 years is due to wealthy individuals adopting it as a capital asset.
Summary
By 2045, MicroStrategy Chairman Michael Saylor expects Saylor Forecasts Bitcoin to reach $13 million. His projection at the July 2024 Bitcoin conference and Impact Theory podcast is based on the “Bitcoin24” model, which predicts a 20% yearly increase in Bitcoin. Saylor’s basic scenario is $13 million, but Bitcoin’s current price near $104,000 suggests $22 million. Due to education, high-net-worth adoption, and institutional capital moving into Bitcoin, notably spot Bitcoin ETFs, he expects this rise. MicroStrategy holds around 439,000 BTC, and Saylor expects the U.S. and El Salvador to establish Bitcoin reserves, making Bitcoin a global digital capital network.
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