Michael Saylor Bitcoin Prediction: Will BTC Hit $13 Million by 2045?

MicroStrategy, led by co-founder Michael Saylor, owns over 1% of the total Bitcoin supply, is making headlines with a bold Bitcoin price prediction. Despite recent drops in Bitcoin’s price, Saylor is confident that the cryptocurrency will reach $13 million per coin by 2045. This ambitious prediction highlights his strong belief in Bitcoin’s future.

Is Saylor onto something interesting? Let’s read on to find out.

Bitcoin’s Future Value, As Per Saylor

In a recent CNBC Squawk Box interview, Saylor predicted that Bitcoin could reach $13 million per coin by 2045. He explained that Bitcoin currently represents just 0.1% of global capital but could grow to 7% of global capital. 

To reach this $13 million target, Bitcoin would need to increase by an extraordinary 23,414% from its current price of $56,789. This would push Bitcoin’s market cap to $257.26 trillion, a huge jump from its current valuation of $1.12 trillion.

While Saylor is optimistic, other analysts have more cautious predictions. For example, VanEck projects that Bitcoin might reach $2.9 million by 2050.

Despite these different predictions, Saylor remains confident in Bitcoin’s potential, largely because it has zero counterparty risk.

MicroStrategy’s Bitcoin Holdings

MicroStrategy, known for its large Bitcoin holdings, has been accumulating the cryptocurrency since 2020. The company currently owns 226,500 Bitcoins, purchased at an average price of $35,158 each. 

The company’s Bitcoin bet has proven successful. MicroStrategy’s stock has risen dramatically, offering investors a way to gain exposure to Bitcoin. Saylor reports an 825% return on their Bitcoin investment. This growth has continued even after the approval of Bitcoin spot ETFs earlier this year.

Is Saylor’s bullish outlook justified? Tell us what you think.