Bitcoin (BTC), the world’s biggest cryptocurrency, has been on a winning streak this year. Its value has doubled, leaving the bull market behind and hitting record highs. Key factors like the approval of Bitcoin ETFs, lower interest rates, and its growing reputation as an inflation hedge have boosted its popularity.
But according to billionaire investor and MicroStrategy Chairman Michael Saylor, this is just the beginning. He believes Bitcoin has the potential to soar even higher in the coming years.
Michael Saylor’s Bold Prediction
In September, Michael Saylor shared his ambitious forecast for Bitcoin. Speaking on CNBC, he predicted that Bitcoin could reach $13 million per token by 2045. That’s a massive 16,939% increase from its current price of around $76,296 (as of November 9).
Saylor explained:
- Bitcoin is still tiny compared to the world’s wealth: Right now, it makes up only 0.1% of global capital. He believes this could grow to 7%.
- Strong past performance: Bitcoin has delivered an average return of 46% per year over the last four years.
Based on this, Saylor estimates Bitcoin could offer an annual return of 29% over the next 20 years.
Why Saylor is So Optimistic
Michael Saylor has every reason to back Bitcoin. His company, MicroStrategy, owns about 1% of all Bitcoin in existence, making it the largest public holder of the cryptocurrency. MicroStrategy’s stock has surged 400% this year, thanks to Bitcoin’s rising value.
Conclusion
If Saylor’s predictions come true, Bitcoin could become a significant part of the global financial system. Whether you’re a crypto enthusiast or just curious, Bitcoin is definitely worth keeping an eye on.
Stay tuned for more updates on Bitcoin and the crypto world