Michael Saylor bets on Bitcoin’s bullish future but is $270T market cap achievable?
Share link:In this post: Michael Saylor predicts Bitcoin could reach up to $49 million per coin by 2045. Saylor’s base case forecast of $13 million per Bitcoin marks a 30% increase from his previous estimate. The potential rise in Bitcoin’s value will impact its global standing and MSTR’s valuation.Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent researc
Former MicroStrategy CEO Michael Saylor made three potential predictions for Bitcoin by the time it reaches 2045. He predicted a bear case where Bitcoin could reach $3 million per coin, a base case of $13 million, and a bull case of massive $49 million per coin.
Saylor’s comments come at a time when more institutions are gaining exposure to the crypto market through Bitcoin and MSTR remains dependent on BTC performance. Saylor has often discussed BTC’s role in fighting inflation but Bitcoin’s long-term value has a deeper bet.
Bitcoin could reach $13 million valuation per coin
At the Bitcoin 2024 Conference, former MicroStrategy CEO Michael Saylor made a bold forecast for Bitcoin (BTC). According to him, over the next two decades, there could be three potential scenarios for the largest cryptocurrency by market cap.
The first case is a bear case of Bitcoin price reaching $3 million per coin. Saylor’s base case is of $13 million per coin, and a bull case of a staggering $49 million per coin by 2045.
Interestingly, Saylor’s base case prediction is almost a 30% increase from his previous projection of $10 million. In June this year, the former chief of MSTR called Bitcoin an “economic immortality” in a podcast while predicting its journey to $10 million.
A $10 million price point pushes BTC’s market capitalization to around $210 trillion on a fully diluted basis. At a 21 million cap, Bitcoin’s market cap can propel to $273 trillion. Meanwhile, considering Bitcoin has not even touched $1 million in value, the implications of a bull case valuation can potentially reshape the global financial market by 2045.
The annualized rate of return for Bitcoin under Saylor’s predictions range from 21% to 37% by 2045. If Bitcoin reaches a price point of $49 million by 2045, it’ll form 22% of all assets by touching a capitalization of $1,000 trillion as per Saylor.
Saylor eyes Bitcoin holdings by corporations
In several posts on X, Saylor underlined his bullish stance on Bitcoin. He cited investor Bill Miller who believes there is a growing trend of companies integrating Bitcoin into their balance sheets as a strategic treasury asset.
The former CEO of MicroStrategy has often suggested that BTC plays a role as a hedge against inflation. He reposted, “We now have additional companies coming out and saying we’re going to put #Bitcoin on our balance sheet as a strategic treasury asset,” a statement originally made by Bill Miller.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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