From Nasdaq

May 19, 2025 6:00:00 am:

Michael Saylor, co-founder of MicroStrategy, made headlines in August 2020 by announcing the company’s purchase of Bitcoin (CRYPTO: BTC) for its balance sheet. With multiple purchases and a new strategy, MicroStrategy is now the largest corporate holder of Bitcoin globally.

Saylor predicts a 12,521% increase in Bitcoin’s value over the next 20 years, estimating it could reach $13 million per coin. This bullish projection is based on his belief that more wealth will flow into Bitcoin as an asset class, potentially reaching a 7% allocation by asset managers by 2045.

MicroStrategy holds almost 570,000 Bitcoin units, positioning itself as a major player in the cryptocurrency space. Saylor’s base case scenario sees Bitcoin hitting $13 million per coin, with a bull case target of $49 million. The company has transformed into a Bitcoin treasury business, raising capital to fund further purchases.

Saylor’s investment in Bitcoin was driven by the cryptocurrency’s fixed supply of 21 million coins, contrasting with the increasing supply of fiat currencies like the U.S. dollar. Bitcoin’s price has surged 795% since MicroStrategy’s initial purchase in August 2020, signaling the potential for other companies to follow suit and allocate funds to Bitcoin.

Despite Bitcoin nearing its all-time high, Saylor remains optimistic and continues to invest in the cryptocurrency. With Bitcoin representing a small fraction of global wealth, there may still be significant upside potential for investors who hold onto their positions for at least a decade.

Read more at Nasdaq: 1 Top Cryptocurrency to Buy Before It Soars 12,521%, According to Michael Saylor