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News

MicroStrategy’s Michael Saylor Expects Bitcoin to Soar to $13 Million by 2045

July 27, 2024 - Around 2 mins mins to read

Key Points:

  • MicroStrategy’s Michael Saylor predicts Bitcoin could reach $13 million per coin by 2045.
  • Saylor highlighted Bitcoin’s potential for a longer useful life compared to traditional assets.
  • Bitcoin’s price recently exceeded $68,000, driven by enthusiasm at the Bitcoin 2024 conference.
In a bold keynote speech at the Bitcoin 2024 conference in Nashville on July 26, MicroStrategy’s Michael Saylor estimated that he saw Bitcoin reaching $13 million per coin by 2045.
MicroStrategy's Michael Saylor Expects Bitcoin to Soar to $13 Million by 2045

Read more: MicroStrategy Founder Michael Saylor Profits $370 Million Selling Company Stock

MicroStrategy’s Michael Saylor Projects Bitcoin Could Hit $13 Million by 2045

A notorious Bitcoin bull, Saylor emphasized ways that the digital asset could transform the global economy.

Saylor’s forecast was grounded in a presentation to some 8,000 attendees, whose estimate is hinged on a 29% yearly growth rate, relatively conservative by any stretch. At a Bitcoin price of $68,000, that means a market capitalization of $1.3 trillion—just 0.1 percent of global wealth.

The executive chairman of MicroStrategy was also of the opinion that the U.S. government should move in to buy a significant quantity of Bitcoin, referencing how the Dutch bought Manhattan.

Saylor Highlights Digital Asset’s Potential for Centuries

MicroStrategy’s Michael Saylor emphasized that Bitcoin represents an overwhelmingly powerful transformation that traditional assets and systems—according to him—have flawed. He further said that Bitcoin could be useful for as long as 100,000 years if held with custodians or managed by AI, way beyond the lifetimes of physical assets like government-backed debt or luxury cars.

The remarks by Saylor emerged when Bitcoin surged to more than $68 000. The rise in price might be due to the Bitcoin 2024 Conference hype or even speculation on former President Donald Trump‘s speech.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Michael Saylor

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MicroStrategy's Michael Saylor

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.