Michael Saylor Predicts Bitcoin Could Be Worth $13 Million By 2045 In Uber-Bullish Keynote
By 2045, the price of Bitcoin (BTC), the worlds largest cryptocurrency by market cap, might reach the ambitious $13 million level. Bitcoin bull Michael Saylor made this forecast while speaking in front of thousands of attendees at the Bitcoin conference in Nashville, Tennesse.
$13M Per BTC By 2045: Michael Saylors Price Target
It comes as no surprise that Michael Saylor remains extremely bullish on Bitcoin, and the MicroStrategy founder didnt disappoint on Friday, saying he sees the worlds largest cryptos price rising to $13 million by 2045 in his base case scenario.
Delivering a keynote address at the ongoing Bitcoin 2024 conference, Saylor indicated that BTCs macroeconomic stars have aligned to propel Bitcoins market cap to $280 trillion by 2045. Thats an appreciation of over 275X from its current market capitalization of around $1.3 trillion. At that $280 trillion capitalization, the BTC price would get to Saylors base case of $13 million in 21 years and account for 7% of all global wealth.
While urging attendees at the annual conference to become triple maxi Bitcoin bulls, the MicroStrategy Chairman said BTC could be valued at as much as $49 million and account for 22% of global wealth in a bull case, while his bear case was a value of $3 million (or 2% of global wealth).
The Superior Asset
It is estimated that Saylor currently owns over $1 billion in Bitcoin personally, and MicroStrategy has emerged as the worlds largest corporate holder of BTC, accumulating a Bitcoin stash of 226,331 coins since late 2020, worth around $15.4 billion.
According to Saylor, all physical capital, including government-backed debt, Ferraris, and Miami Beach real estate, is subject to the laws of thermodynamics, including entropy or energys tendency to evaporate over time.
Entropy is diluting the value of physical assets. Its sucking the capital, the energy out of them, Saylor explained, citing war, famine, and catastrophe as other factors that reduce the value of normal assets in the long run.
He asserted that Bitcoin is the exception. Bitcoin is immortal, immutable, and immaterial, [] and it is the solution to our economic dilemma, Saylor posited, adding that the maiden crypto is not in the physical world and has an infinite lifespan.
Text source: ZyCrypto
