Bitcoin
Bitcoin (BTC) Price Could Be Worth $13 Million by 2045
It will come as no surprise that Michael Saylor remains extremely bullish on Bitcoin. (BTC) and MicroStrategy’s chief executive didn’t disappoint on Friday, saying he sees the price of the world’s largest cryptocurrency rising to $13 million by 2045 in his base case scenario.
In a speech at the Bitcoin 2024 conference in Nashville, Saylor noted that at bitcoin’s current price of around $65,000, it has a market cap of $1.3 trillion, or just 0.1% of all global wealth.
For bitcoin to reach its base case of $13 billion by 2045, Saylor said, it would need a 29% annual rate of return. At that level, he continued, bitcoin would have a market capitalization of $280 trillion and would represent 7% of global wealth.
In an optimistic scenario, Saylor said bitcoin could be worth as much as $49 million and represent 22% of global wealth; his pessimistic scenario was a value of $3 million and 2% of global wealth.
Under Saylor’s leadership, enterprise software company MicroStategy has has accumulated a bitcoin stack of 226,331 tokens over the past four years, that figure currently stands at around $15 billion, or approximately 80% more than the cumulative purchase price.