Michael Saylor predicts Bitcoin could reach $13 million, reshaping financial systems

From Nasdaq

January 18, 2025 04:51 am:

The total value of all cryptocurrencies in circulation is $3.5 trillion, with Bitcoin accounting for over half at $2 trillion. Bitcoin is seen as a store of value due to its decentralized nature and secure blockchain system. Michael Saylor believes Bitcoin has the potential to reshape the global financial system.

SEC-approved Bitcoin ETFs have legitimized Bitcoin as a store of value. Saylor envisions a future where over $500 trillion worth of assets are tokenized on the blockchain, requiring Bitcoin as the reserve asset. This transformation could occur by 2045, potentially sending Bitcoin to $13 million per coin.

Saylor’s $13 million Bitcoin price prediction seems unrealistic, requiring global adoption of a Bitcoin-based financial system. Fiat currencies offer stability, and a Bitcoin standard could disadvantage weaker economies. Saylor’s vested interest in Bitcoin raises questions about the feasibility of his forecast.

Bitcoin’s market cap would need to increase by 823% to match the total value of gold reserves, reaching $914,000 per coin. Saylor’s bullish forecasts may be influenced by MicroStrategy’s significant Bitcoin holdings. Investing in Bitcoin carries risks and uncertainties that investors should consider.

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Read more at Nasdaq: 1 Popular Cryptocurrency With 13,031% Upside, According to MicroStrategy’s Michael Saylor