MicroStrategy CEO: Bitcoin will reach $13 million

Author: Liam

Michael Saylor is a crazy Bitcoin believer. He dares to think and act. This is reflected not only in his real money bet on Bitcoin, but also in his shockingly bold predictions about the future of Bitcoin.

On July 26, Bitcoin believer and MicroStrategy CEO Michael Saylor made a shockingly bold prediction in a speech at the "Bitcoin 2024" Summit in Nashville: the world's largest cryptocurrency "Bitcoin" will rise to $13 million by 2045. Bitcoin is currently priced at about $65,000, with a market value of $1.3 trillion, accounting for only 0.1% of the world's wealth.

The logic of Saylor's prediction is that for Bitcoin to reach the base price of $13 million in 2045, it will require an annual return of 29%. He said that at this price level, Bitcoin's market value will reach $280 trillion, accounting for 7% of the world's wealth. Saylor said that in a bull market, Bitcoin could be worth $49 million, or 22% of global wealth; in a bear market, Bitcoin could be worth $3 million, or 2% of global wealth.

Under Saylor's leadership, business software company MicroStategy has accumulated 226,331 Bitcoin tokens in the past four years, currently worth about $15 billion, about 80% higher than the cumulative purchase price.

At the Bitcoin gambling table, Saylor is not the only one who can be called a Bitcoin believer.

BlackRock founder Larry Fink is one of them. He went from being a "skeptic" of Bitcoin to a "loyal supporter" of Bitcoin to a "Bitcoin believer". During this period, BlackRock successfully applied for the "Bitcoin ETF IBIT" and traded it on the open market. Although he converted to Bitcoin a little later than Saylor, he has now become one of the most influential Bitcoin callers. He once called himself a Bitcoin believer. In January of this year, Larry Fink said in an interview with Fox Business that "Bitcoin is digital gold" and "Ethereum ETFs are valuable, and these are just stepping stones towards tokenization. I really believe this is where we are going."

The female version of Buffett, Wood Sister, is also a Bitcoin believer.

In February of this year, Wood Sister boldly predicted in an annual report released by ARK Invest, "Big Idea 2024: Subverting Conventions, Defining the Future", that Bitcoin is already a high-quality asset with the best configuration. Wood Sister said that if the global $250 trillion of investable assets are allocated to Bitcoin, it will have a significant impact on the price of Bitcoin. For example, if 1% of the funds are allocated, the price of Bitcoin will reach about $120,000. If 4.8% of the funds are allocated, the price of Bitcoin will reach $550,000. If 19.4% of the funds are allocated, the price of Bitcoin will reach $2.3 million.

At that time, Wood Sister's prediction of the future of Bitcoin was indeed bold and amazing. Now looking at Saylor's amazing prediction, Wood Sister's prediction is indeed a small witch compared to a big witch.