2024

Family

Crown

Bitcoin

Michael Saylor, the outspoken co-founder of business intelligence company MicroStrategy, predicted Bitcoin would reach $13 million per coin by 2045 during a mega-bullish keynote speech&nbsp;on July 26 at the Bitcoin 2024 conference.
Saylor’s forecast — which upgrades his $10 million estimate in June&nbsp; — is only a base case. “It could be a $3 million bear case, it could be a $49 million bull case,” according to Saylor, who urged listeners at the Nashville, Tennessee event to become “triple maxi” Bitcoin (<a href="https://cointelegraph.com/bitcoin-price">BTC</a>) bulls.&nbsp;
Related:&nbsp;<a href="https://cointelegraph.com/news/microstrategy-800-million-convertible-note-offering-bitcoin">Bitcoin offers ‘economic immortality,’ will reach $10M per coin — Michael Saylor</a>
“You financed the house for Bitcoin, you buy Bitcoin, you flip all your assets to Bitcoin, and then you move to a cheap tax jurisdiction where you actually can avoid some taxes and invest an extra fifty grand in Bitcoin,” Saylor explained.&nbsp;
“What’s the result?” A net worth of some $214 million, according to Saylor, who recommends a similar strategy for corporations and nation-states. 
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-07/a68a808d-6d4b-40af-8f8f-8af82bd02180.png" alt="Michael Saylor ups BTC price forecast to $13M in mega-bullish keynote — Bitcoin 2024 " title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/saylor/status/1803763490928119950" target="_blank" rel="noopener nofollow">Michael Saylor</a>
 </figcaption>
</figure>
For Saylor, all physical capital — everything from stocks and bonds to Ferraris and Miami Beach real estate — is subject to the laws of thermodynamics, including entropy, or energy’s tendency to dissipate over time.&nbsp;
“Entropy is diluting the value of physical assets. It’s sucking the capital, the energy out of them,” Saylor explained. 
Even in a best-case scenario — such as the United Kingdom’s Crown Estate, which has been held by the Royal Family since 1066 — “physical assets might last 1,000 years, [but] probably about 50 to 75 years is the best you’re going to get,” he said.
<blockquote data-ct-non-breakable="true">
 &nbsp;“There’s a reason it’s called Earth and not Heaven.”
</blockquote>
Bitcoin is the exception, he noted. “Bitcoin is immortal, immutable, and immaterial, […] and it is the solution to our economic dilemma,” according to Saylor, who added that the cryptocurrency is “not in the physical world” and has “an infinite lifespan.”
MicroStrategy is one of the world's largest public holders of Bitcoin. <a href="https://cointelegraph.com/news/microstrategy-800-million-convertible-note-offering-bitcoin">As of June 20, it held a total of 226,331 BTC </a>acquired for roughly $8.33 billion at an average price of $36,798 per coin.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/michael-saylor-fan-dominic-frisby-bull-run-new-guru-x-hall-of-flame/">Michael Saylor’s a fan, but Frisby says bull run needs a new guru: X Hall of Flame</a>

Michael Saylor ups BTC price forecast to $13M in mega-bullish keynote — Bitcoin 2024

Cointelegraph

Other articles published on Jul 26, 2024

BitFlyer Closes FTX Japan Deal, Crypto ETF Services On The Horizon

Coinbase UK Unit Faces $4.5 Million Fine For Violating Financial Crime Conditions

Ethereum Hits Yearly High in Institutional Activity Post-ETF, Analysts Reflect on ETH Price

Weekly Article Recap: 7/15-7/19

US Senate Banking Committee Member Senator Talks About Bitcoin

Australia’s Big Banks Block Crypto Payments Amid Rising Crypto Popularity

Join our free newsletter for daily crypto updates!