Bitcoin, the largest cryptocurrency, could reach $21 million per coin by 2045 according to MicroStrategy co-founder Michael Saylor. However, this prediction faces significant hurdles that may be too difficult to overcome. Bitcoin’s market cap is $2.2 trillion, making up over half of the total cryptocurrency market value. Saylor believes Bitcoin could play a key role in transforming the financial system by tokenizing assets on the blockchain, potentially moving $500 trillion in assets by 2045.

If Bitcoin were to reach $21 million per coin, its market cap would soar to $441 trillion, making it the most valuable asset globally. This valuation would surpass the combined value of the S&P 500 companies and the annual global economy output. However, the practicality of widespread Bitcoin adoption and its role as a bridging currency for tokenized assets is questionable. Saylor’s bullish predictions may not be realistic, and Bitcoin’s value might not increase significantly as a result.

MicroStrategy, owning $71 billion worth of Bitcoin, has a vested interest in driving bullish sentiments. Despite the uncertainties surrounding Bitcoin’s future, some investors view it as a store of value akin to gold. Comparing Bitcoin’s market cap to gold reserves suggests a potential price of $1,160,000 per coin, offering a substantial return. However, Bitcoin’s speculative nature and lack of revenue make its future value unpredictable. The Motley Fool Stock Advisor does not currently recommend investing in Bitcoin, citing other promising investment opportunities.

Read more at Nasdaq: 1 Unstoppable Cryptocurrency to Buy Before It Soars 18,800%, According to MicroStrategy’s Michael Saylor