Michael Saylor predicts Bitcoin will hit $13 million per coin by 2045

From Nasdaq
August 14, 2024 5:45 AM:

Bitcoin has seen impressive growth, returning over 10,000% in the past decade. Warren Buffett remains skeptical, but Michael Saylor believes in Bitcoin’s potential. Saylor predicts Bitcoin hitting $13 million per coin by 2045, a 20,000% increase from current value. He holds $1 billion in Bitcoin, but is this prediction realistic?

Saylor’s optimistic target price of $13 million for Bitcoin by 2045 raises questions. Comparing Bitcoin to gold, the global gold supply could reach $170.5 trillion by 2045. Bitcoin’s market cap is currently $1.2 trillion, and a 20,000% increase would surpass $241 trillion. While Saylor’s vision is ambitious, investors should tread carefully.

Bitcoin’s value comes from being an anti-inflation asset with increasing demand. While reaching $13 million is ambitious, its utility in society is growing. Merchants accept it, corporations accumulate it, and its fixed supply signals long-term potential. With a weakening dollar, Bitcoin remains an attractive investment option.

Investors considering Bitcoin should adopt a gradual purchasing approach like Michael Saylor. By buying on a schedule to average out over time, investors can manage Bitcoin’s volatility effectively. While Bitcoin offers investment potential, it’s crucial to approach it strategically to maximize returns.

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