Billionaire Michael Saylor predicts Bitcoin could reach $13 million by 2045, potentially gaining 18,600%.
From Nasdaq
November 6, 2024 6:00:00 am:
- Bitcoin may still have room to grow despite past run-ups. Michael Saylor predicts it could reach $13 million by 2045, a potential gain of 18,600% from today’s price.
- MicroStrategy, under Saylor’s leadership, has heavily invested in Bitcoin. The company owns about 250,000 bitcoins valued at over $16 billion, with the stock up nearly 2,000% since starting Bitcoin purchases.
- Bitcoin’s value lies in scarcity, deflationary nature, and decentralization. Saylor sees it as a blend of currency, gold, and real estate, with advantages over gold in storage and exchange.
- Saylor’s $13 million target for Bitcoin in 2045 may be optimistic. A shift to 35% of global equities is a significant challenge, but even 5% would result in a 19% annual return.
- Despite the potential challenges, Bitcoin is seen as a solid investment. It doesn’t need to reach Saylor’s predicted levels to be valuable, indicating a strong future for the digital asset.
Read more at Nasdaq: 1 Top Cryptocurrency to Buy Before It Soars 18,600%, According to Billionaire Michael Saylor of MicroStrategy