Michael Saylor Predicts Bitcoin Market Cap Of $280 Trillion By 2045—What Will The Price Be?
In a recent interview with Fox Business Channel, MicroStrategy co-founder and chairman Michael Saylor expressed an ambitious vision for Bitcoin (BTC), predicting that its overall market value will grow significantly over the next 21 years.
The prediction is in line with MicroStrategy’s ongoing strategy to intensify its Bitcoin acquisition program, which has significantly impacted the company’s stock performance, making it closely correlated with Bitcoin’s price movements.
Saylor expects Bitcoin price to surge to $13 million
Bitcoin has reached a valuation of about $2 trillion, with its price hitting a new record of $104,000 on Thursday. However, Saylor predicts that Bitcoin’s market capitalization will increase by an additional $200 trillion by 2045, driven primarily by global inflationary pressures.
according to In Thaler’s view, many investors are abandoning traditional assets and turning to Bitcoin as a viable global currency asset. He asserted that as more capital flows into Bitcoin, its growth trajectory will exceed that of stocks, gold and real estate.
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After digging into specific price predictions, Saylor believes that Bitcoin could reach a staggering $13 million per coin. If Thaler’s prediction comes true, this would represent a 12,384% increase, potentially making it the world’s largest currency.
Saylor based this estimate on an analysis that showed Bitcoin’s historical average annual growth rate is 29%. He believes this growth is likely to continue, reaching the projected valuation by 2045.
News BTC before report Saylor believes that Bitcoin only accounts for 0.1% of global capital markets, but he expects this number to increase to 7%.
Saylor also provided a detailed analysis of Bitcoin’s growth trajectory, outlining a four-year forecast where average growth could start at 44% and gradually decrease to 30%.
Contrary to what people think about Bitcoin high risk assetsHighlighting its potential as a safe haven for risk-averse investors, Thaler highlighted the growing need for safety in investment options.
MicroStrategy increases BTC acquisition efforts
in the most recent social media updatesThaler shared the company’s performance following three years of strategic Bitcoin investments. He announced that MicroStrategy’s treasury business has achieved an impressive 63.3% BTC return so far this year, bringing shareholders a net gain of approximately 119,800 BTC.
At a price of $103,000 per BTC, this translates into an estimated return of $12.3 billion this year, making MicroStrategy one of the most profitable and fastest-growing companies operating under “Bitcoin standards.”
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Monday, MicroStrategy disclose The BTC acquisition volume in its portfolio has surpassed the 400,000 milestone.
The company sold 3.7 million shares, generating approximately $1.5 billion in proceeds, which were immediately reinvested in Bitcoin. This marks the fourth consecutive week of Bitcoin purchases by the company.
Since November 11, MicroStrategy has invested over $13.5 billion in Bitcoin across three different sectors tradebringing its total holdings to approximately $38 billion, or 402,100 BTC, with an average purchase price of $56,658 per coin.
As of this writing, BTC is trading at $101,628, up 6% in 24 hours.
Featured images from DALL-E, charts from TradingView.com
