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<p class="is-style-lead">Michael Saylor, MicroStrategy’s executive chairman, expects Bitcoin to capture 7% of global capital in the coming years and outclass other assets.</p> 
<p>On Sept. 9, Bitcoin (<a rel="" href="https://crypto.news/price/bitcoin/">BTC</a>) was trading just under $55,000 after a 2% rise in 24 hours, according to crypto.news price pages. Saylor told CNBC that this price would <a rel="" href="https://x.com/saylor/status/1833106549432094956" target="_blank">increase</a> by 70 times as adoption skyrockets, placing BTC at $3.85 million per coin soon.</p> 
<p>Saylor explained that the thesis behind Bitcoin’s exponential price leap is rooted in its technological superiority over other assets and its yearly returns.</p> 
<p>Since August 2020, when MicroStrategy began <a rel="" href="https://crypto.news/microstrategy-buys-12000-new-btc/">buying</a> BTC, the cryptocurrency has rewarded investors with an average of 44% in annual profits. In comparison, the S&amp;P 500 has averaged 12% over the same four-year period.</p> 
<p>MicroStrategy’s founder also affirmed the software maker’s leveraged Bitcoin strategy.&nbsp; According to Saylor, <a href="https://crypto.news/microstrategy-seeks-raising-2b-to-buy-more-bitcoin/" target="_blank">securitizing</a> BTC by selling convertible bonds to buy more crypto has yielded 825% on MicroStrategy’s capital. Nvidia, the S&amp;P’s best-performing stock, has managed 821%.</p> 
<p>The billionaire entrepreneur also argued that recent outflows from spot BTC exchange-traded funds (ETFs) would increase investor demand. Last week, Wall Street traders pulled $1.2 billion from BTC ETFs due to global financial market volatility, according to Bloomberg. Crypto products <a href="https://crypto.news/crypto-products-see-second-biggest-weekly-outflows-in-2024-coinshares/" target="_blank">recorded</a> the second-largest week of outflows this year as well.</p> 
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   <p lang="en" dir="ltr">I enjoyed the opportunity to discuss <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank">#Bitcoin</a> and strong, fast, smart money with <a href="https://twitter.com/JoeSquawk?ref_src=twsrc%5Etfw" target="_blank">@JoeSquawk</a>, <a href="https://twitter.com/BeckyQuick?ref_src=twsrc%5Etfw" target="_blank">@BeckyQuick</a>, and <a href="https://twitter.com/andrewrsorkin?ref_src=twsrc%5Etfw" target="_blank">@AndrewRSorkin</a> this morning,<a rel="" href="https://t.co/BUXa2IZ8II" target="_blank">pic.twitter.com/BUXa2IZ8II</a></p>— Michael Saylor⚡️ (@saylor) <a href="https://twitter.com/saylor/status/1833106549432094956?ref_src=twsrc%5Etfw" target="_blank">September 9, 2024</a>
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<p> You might also like: <a rel="" href="https://crypto.news/microstrategy-seeks-raising-2b-to-buy-more-bitcoin/"> MicroStrategy seeks raising $2b to buy more Bitcoin </a> </p> 
<h2 class="wp-block-heading" id="bitcoin-to-command-more-global-capital">Bitcoin to command more global capital</h2> 
<p>In the long run, the former crypto skeptic turned BTC evangelist insists that HODL’ers will outperform volatility traders and those primarily focused on the asset’s short-term price movements.</p> 
<p>HODL is crypto jargon for “holding on for dear life,” a term derived from the word “hold” and used to describe a long-term outlook on digital assets.</p> 
<p>Saylor’s short-term view places BTC close to $4 million, but his longer outlook predicts an even larger price tag. The Bitcoin maximalist predicted that Bitcoin would trade at $13 million per coin within 21 years. Currently, Bitcoin’s trillion-dollar market cap commands 0.1% of global capital, but Saylor believes this number will surpass 13% before 2050.</p> 
<p> Read more: <a rel="" href="https://crypto.news/friend-tech-team-relinquished-smart-contract-management/"> End of an era: The Friend.Tech team relinquished smart contract management </a> </p>

Bitcoin to reach $13m in 21 years, Michael Saylor predicts

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