Michael Saylor, the executive chairman of MicroStrategy, continues to show his strong belief in Bitcoin (BTC) during the Bitcoin 2024 conference in Nashville. Saylor predicts that Bitcoin’s price could surge to an astonishing $13 million by the year 2045 in his base case scenario. Currently, with Bitcoin priced at around $65,000, its market cap stands at $1.3 trillion, representing only 0.1% of the total global wealth.
Saylor explains that for Bitcoin to reach $13 million in 2045, it would need an annual rate of return of 29%. This surge would result in a market cap of $280 trillion, which would then represent 7% of the world’s wealth. In his more optimistic scenario, Saylor suggests that Bitcoin could reach a value of $49 million, constituting 22% of global wealth. On the other hand, in a bear case scenario, Bitcoin’s value could be $3 million, making up 2% of global wealth.
Under Saylor’s guidance, MicroStrategy has acquired an impressive stack of 226,331 Bitcoin tokens over the past four years. This stack is currently valued at approximately $15 billion, which is a remarkable 80% increase from the total purchase price.
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