Microstrategy CEO: Bitcoin will reach $13 million.

07-29

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Author: Liam

Michael Saylor is a crazy believer in Bitcoin . He dares to think and act. This is reflected not only in his real money bet on Bitcoin, but also in his shockingly bold predictions about the future of Bitcoin.

On July 26, Bitcoin believer and MicroStrategy CEO Michael Saylor made a surprisingly bold prediction in a speech at the "Bitcoin 2024" summit in Nashville: Bitcoin, the world's largest cryptocurrency, will rise to $13 million by 2045. Bitcoin is currently priced at about $65,000, with a market value of $1.3 trillion, accounting for only 0.1% of global wealth.

The logic of Saylor's prediction is that for Bitcoin to reach its base price of $13 million in 2045, it will need an annual return of 29%. He said that at this price level, Bitcoin's market value will reach $280 trillion, accounting for 7% of global wealth. Saylor said that in a bull market, Bitcoin's value could reach $49 million, accounting for 22% of global wealth; in a bear market, Bitcoin's value would be $3 million, accounting for 2% of global wealth.

Under Saylor's leadership, business software company MicroStategy has accumulated 226,331 Bitcoin tokens over the past four years, currently worth approximately $15 billion, about 80% higher than the cumulative purchase price.

At the Bitcoin gambling table, Saylor is not the only one who can be called a Bitcoin believer.

Larry Fink, the founder of BlackRock, is one of them. He went from being a "skeptic" of Bitcoin to a "loyal supporter" of Bitcoin to a "Bitcoin believer". During this period, BlackRock successfully applied for the "Bitcoin ETF IBIT" and traded it in the open market. Although he converted to Bitcoin a little later than Saylor, he has now become one of the most influential Bitcoin shill. He once called himself a Bitcoin believer. In January of this year, Larry Fink said in an interview with Fox Business that "Bitcoin is digital gold" and "Ethereum ETF is valuable. These are just stepping stones towards tokenization. I really believe this is where we are going."

Cathie Wood, the female version of Buffett, is also a believer in Bitcoin.

In February this year, Cathie Wood boldly predicted in an annual report released by ARK Invest, "Big Idea 2024: Subverting Conventions, Defining the Future", that Bitcoin is already a high-quality asset with the best configuration. Cathie Wood said that if the global $250 trillion of investable assets are allocated to Bitcoin, it will have a significant impact on the price of Bitcoin. For example, if 1% of the funds are allocated, the price of Bitcoin will reach about $120,000. If 4.8% of the funds are allocated, the price of Bitcoin will reach $550,000. If 19.4% of the funds are allocated, the price of Bitcoin will reach $2.3 million.

At that time , Cathie Wood's prediction about the future of Bitcoin was bold and amazing. Now looking at Saylor's amazing prediction, Cathie Wood's prediction is really dwarfed by him.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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