It will surprise approximately no one that Michael Saylor remains wildly bullish on Bitcoin (BTC) and the MicroStrategy executive chairman didn’t disappoint on Friday, saying he sees the world’s largest crypto’s price rising to $13 million by 2045 in his base case scenario.
Delivering a keynote address at the Bitcoin 2024 conference in Nashville, Saylor noted that at bitcoin’s current price around $65,000, it’s got a market cap of $1.3 trillion, or just 0.1% of all global wealth.
For bitcoin to get to his base case of $13 million in 2045, said Saylor, would require an annual rate of return of 29%. At that level, he continued, bitcoin would have a market cap of $280 trillion and account for 7% of global wealth.
In a bull case, Saylor said bitcoin could be worth as much as $49 million and account for 22% of global wealth; his bear case was a value of $3 million and 2% of global wealth.
Under Saylor’s leadership, business software company MicroStategy has accumulated a bitcoin stack of 226,331 tokens over the last four years that’s currently worth about $15 billion, or roughly 80% more than the cumulative purchase price.
Disclosure
Please note that our
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
has been updated
.
CoinDesk is an
award-winning
media outlet that covers the cryptocurrency industry. Its journalists abide by a
strict set of editorial policies.
In November 2023
, CoinDesk was acquired
by the Bullish group, owner of
Bullish,
a regulated, digital assets exchange. The Bullish group is majority-owned by
Block.one; both companies have
interests
in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin.
CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
:format(jpg)/s3.amazonaws.com/arc-authors/coindesk/86c43cde-6640-4a7c-98af-5e25273f0e17.png)
