Michael Saylor Forecasts Bitcoin Price to Soar to $13 Million by 2045

Key Takeaways:

• Michael Saylor predicts Bitcoin will reach $13 million per coin over a 21-year period.
• MicroStrategy, led by Saylor, holds 226,500 Bitcoins worth $12.8 billion.
• Saylor claims MicroStrategy's Bitcoin investment strategy has outperformed every company in the S&P index.

Michael Saylor, the outspoken co-founder of business intelligence company MicroStrategy, has once again made headlines with his bullish stance on Bitcoin. 

Despite recent price fluctuations in the cryptocurrency market, Saylor remains optimistic, predicting a meteoric rise for Bitcoin over the next two decades.

MiceSaylor's Bold Bitcoin Prediction

In a recent interview with CNBC Squawk Box, Saylor made a striking forecast: “My long-term forecast is that [Bitcoin's] going to go to $13 million over 21 years.” 

I enjoyed the opportunity to discuss #Bitcoin and strong, fast, smart money with @JoeSquawk, @BeckyQuick, and @AndrewRSorkin this morning,pic.twitter.com/BUXa2IZ8II

— Michael Saylor⚡️ (@saylor) September 9, 2024

This ambitious prediction is based on Saylor's belief that Bitcoin will eventually represent 7% of global capital, up from its current 0.1%.

To achieve this target by 2045, Bitcoin would need to increase 23,417% from its current price of approximately $55,279. 

Such a rise would catapult Bitcoin's market capitalization to $257.26 trillion, dwarfing its current valuation of $1.09 trillion.

However, Saylor's confidence in Bitcoin is not merely speculative. MicroStrategy, under his leadership, has become the largest public holder of Bitcoin, owning more than 1% of the total supply that will ever be created. 

The company's Bitcoin holdings currently stand at 226,500 BTC, valued at approximately $12.8 billion.

MicroStrategy is significantly ahead of other companies in terms of the amount of Bitcoin on its corporate balance sheets, holding 226,500 BTC, which is 1.1% of the total supply of Bitcoin mined.
This is almost ten times more than the next largest corporate holder, Marathon… pic.twitter.com/D60GDn43xV

— Sergii Peleh (@PelehSergii) August 27, 2024

This strategy, initiated in 2020 when Bitcoin was trading below $12,000, has proven highly lucrative. 

Saylor boasted an 825% return on MicroStrategy's Bitcoin investment, outperforming even NVIDIA, which he noted has seen an 821% increase in the same timeframe.

“So we beat every single company in the S&P index using Bitcoin's strategy,” Saylor stated, highlighting the cryptocurrency's average yearly price increase of 44% compared to the S&P's 12% growth rate.

Saylor’s Bitcoin Prediction Aligns with Other Bullish Forecasts

Saylor's prediction is not an isolated optimism. It aligns with a growing trend of confident forecasts from various experts. 

For instance, VanEck recently projected Bitcoin could hit $2.9 million by 2050, citing its potential role in global and domestic trade.

Similarly, analysts at Standard Chartered Bank have reaffirmed their projections, expecting Bitcoin to reach $150,000 by the end of 2024 and $200,000 by the end of 2025.

NEW‼️: Standard Chartered, a British multinational bank, has raised its year-end Bitcoin price forecast for 2024 by 50% to $150,000 and predicts it may peak as high as $250,000 in 2025 during this cycle.#Bitcoin 🔥🔥🔥 pic.twitter.com/5gS9XARdaZ

— Swan (@Swan) March 18, 2024

Geoffrey Kendrick, Standard Chartered's forex and digital assets research head, suggested Bitcoin could surge to $100,000 by November, potentially influenced by the 2024 U.S. presidential election.

Saylor also touched on the political discussion surrounding cryptocurrency. 

He observed a shift in the Republican party towards a more progressive stance on crypto policy, while Democrats appear to be moving towards a middle ground. 

This observation comes as crypto policy emerges as a significant topic for the upcoming U.S. presidential elections.