Future

Secure

Bitcoin

Million

Read

<ul> 
 <li>Saylor predicts Bitcoin’s value could reach $13M by 2045, capturing 7% of global wealth with a 29% annual return rate.</li> 
 <li>MicroStrategy has acquired 226,331 Bitcoins, valued at $15B, 80% higher than their cumulative purchase price under Saylor’s leadership.</li> 
 <li>Saylor suggests the U.S. should acquire Bitcoin reserves, comparing it to historical acquisitions like the Louisiana Purchase.</li> 
</ul> 
At the Bitcoin 2024 conference in Nashville, Michael Saylor, the executive chairman of MicroStrategy, delivered a bold macro forecast for Bitcoin.&nbsp; 
He projected that <a href="https://cryptonewsland.com/semler-scientific-seeks-to-expand-bitcoin-portfolio-through-stock-sales/">Bitcoin’s price</a> could soar to $13 million by 2045, despite an anticipated bear case in its annual growth rate from 55% to 20%.&nbsp; 
Saylor’s prediction hinges on Bitcoin achieving an annual rate of return of 29%, leading to a market cap of $280 trillion, or 7% of global wealth. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 BREAKING: <a href="https://twitter.com/saylor?ref_src=twsrc%5Etfw">@saylor</a> PREDICTS <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> PRICE OF $49M PER COIN IN 2045 AS BULL CASE <a href="https://t.co/5syjFL5xdr">pic.twitter.com/5syjFL5xdr</a>— DEGEN NEWS (@DegenerateNews) <a href="https://twitter.com/DegenerateNews/status/1816919221194105057?ref_src=twsrc%5Etfw">July 26, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Current Market Cap and Future Projections 
Saylor emphasized Bitcoin’s current market cap of $1.3 trillion, representing just 0.1% of global wealth at its present price of $65,000 per coin. For Bitcoin to reach $13 million, it would need to hugely increase its share of global wealth.&nbsp; 
Saylor’s forecast <a href="https://x.com/DegenerateNews/status/1816922773668725090">included a base case</a> where Bitcoin’s value would rise to $13 million by 2045. This scenario assumes a substantial shift in the cryptocurrency’s market influence, requiring an annual return rate of 29%. If this materializes, Bitcoin’s market cap would rise to $280 trillion, capturing 7% of global wealth. 
Bull and Bear Case Scenarios 
In addition to his base case, Saylor outlined more extreme scenarios. In a bull case, he suggested Bitcoin could be worth as much as $49 million per coin, accounting for 22% of global wealth.&nbsp; 
Conversely, his bear case scenario placed Bitcoin at a value of $3 million, representing 2% of global wealth. Despite the range of potential outcomes, Saylor’s overall message emphasized Bitcoin’s major growth potential and its emerging role in the global economy. 
MicroStrategy’s Bitcoin Holdings and Strategic Vision 
Under Saylor’s leadership, MicroStrategy has amassed 226,331 Bitcoins over the past four years. These <a href="https://cryptonewsland.com/microstrategys-bitcoin-stash-grows-to-226331-btc-with-latest-786m-purchase/">holdings are currently</a> valued at approximately $15 billion, about 80% higher than their cumulative purchase price.&nbsp; 
Saylor also proposed that the U.S. government should consider <a href="https://cryptonewsland.com/michael-saylor-urges-u-s-government-to-dominate-global-bitcoin-reserves/">acquiring a majority</a> of the global Bitcoin reserves. Drawing analogies to historical territorial acquisitions like the Louisiana Purchase and the acquisition of Alaska, he argued that such a move could boost the U.S. economy and reinforce the dollar’s global standing.&nbsp; 
By securing a substantial share of Bitcoin, Saylor believes the U.S. could enhance its economic influence in the digital age. 
<h4 class="wp-block-heading" id="h-read-also">Read also</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/michael-saylor-urges-u-s-government-to-dominate-global-bitcoin-reserves/">Michael Saylor Urges U.S. Government to Dominate Global Bitcoin Reserves</a></li> 
 <li><a href="https://cryptonewsland.com/microstrategys-michael-saylor-accused-of-tax-fraud/">MicroStrategy’s Michael Saylor Accused of Tax Fraud</a></li> 
 <li><a href="https://cryptonewsland.com/btc-maximalist-michael-saylor-opens-up-against-ether/">BTC Maximalist Michael Saylor Opens up Against Ether</a></li> 
 <li><a href="https://cryptonewsland.com/michael-saylor-even-ai-cant-hinder-bitcoins-surge-to-80-market-dominance/">Michael Saylor: Even AI Can’t Hinder Bitcoin’s Surge to 80% Market Dominance</a></li> 
 <li><a href="https://cryptonewsland.com/michael-saylors-bitcoin-bet-poised-for-massive-payoff-as-etf-approvals-loom/">Michael Saylor’s Bitcoin Bet Poised for Massive Payoff as ETF Approvals Loom</a></li> 
</ul> 
The post <a href="https://cryptonewsland.com/michael-saylor-predicts-bitcoin-to-hit/">Michael Saylor Predicts Bitcoin to Hit $13 Million by 2045, Urges U.S. to Secure Reserves</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

Michael Saylor Predicts Bitcoin to Hit $13 Million by 2045, Urges U.S. to Secure Reserves

Crypto News Land

Autres articles publiés le 27 juil. 2024

Looking Back at Pi Network’s ‘Pi2Day Challenge’

Trump’s Keynote at Bitcoin 2024: What to Expect

Chainlink Poised for Potential Breakout as Market Eyes $37 Price Target

Ethereum ETFs Yet To Impact Uniswap (UNI) and Polkadot (DOT) Prices But Rollblock Continues To Ro...

Get In On the Action: Kaspa & Dogwifhat Prices Climb, BlockDAG X1 App’s Launch Propels Presale to...

Whale Jual 170 Milyar Pepe Coin, Bagaimana Nasib Token Ini?

Join our free newsletter for daily crypto updates!