Bitcoin to reach $13m in 21 years, Michael Saylor predicts

As a seasoned analyst with a keen eye for market trends and a knack for deciphering the nuances of the crypto world, I find myself intrigued by Michael Saylor’s bold predictions for Bitcoin. Having closely observed his journey from crypto skeptic to ardent advocate, I cannot help but admire his ability to adapt and capitalize on emerging opportunities.


As an analyst, I find myself aligned with Michael Saylor’s perspective regarding Bitcoin. He, being MicroStrategy’s executive chairman, anticipates that this digital asset will seize approximately 7% of the world’s total capital over the coming years. His belief is that it will surpass other investment assets in performance.

As an analyst, on September 9th, I observed Bitcoin (BTC) trading slightly under $55,000 following a 2% surge in the previous 24 hours, based on the price data from crypto.news. Michael Saylor, during an interview with CNBC, predicted that this price could potentially increase by a factor of 70 as adoption accelerates, which would place the value of one Bitcoin at approximately $3.85 million in the near future.

Saylor elaborated on the reason for Bitcoin’s steep price increase, which stems from its advanced technology compared to other investments and its consistent annual returns.

Starting from August 2020, when MicroStrategy started acquiring Bitcoin, this digital currency has consistently provided its investors with an average return of approximately 44% per year. In contrast, during the past four years, the S&P 500 has yielded an average return of around 12%.

In simpler terms, Michael Saylor, MicroStrategy’s founder, confirmed their approach of using Bitcoin as a strategic asset. He explained that by converting bonds into Bitcoin to buy more cryptocurrency, MicroStrategy achieved an impressive return of 825% on their investment. This performance outshines Nvidia, the top-performing stock on the S&P index, which managed a return of 821%.

The billionaire entrepreneur also argued that recent outflows from spot BTC exchange-traded funds (ETFs) would increase investor demand. Last week, Wall Street traders pulled $1.2 billion from BTC ETFs due to global financial market volatility, according to Bloomberg. Crypto products recorded the second-largest week of outflows this year as well.

This morning was a pleasure to share insights on Bitcoin and intelligent, swift, valuable currency with Joe Squawk, BeckyQuick, and AndrewRSorkin in our discussion.

— Michael Saylor⚡️ (@saylor) September 9, 2024

Bitcoin to command more global capital

As an analyst, I confidently believe that in the long term, those who hold onto Bitcoin (HODL’ers) will surpass traders who focus on its volatility or short-term price fluctuations.

HODL stands for ‘holding onto for dearly hoped life’ in crypto terminology, originating from the misspelling of ‘hold’ and referring to maintaining a prolonged perspective when it comes to digital currencies.

According to Saylor’s perspective, Bitcoin could potentially reach around $4 million in the near term, but he anticipates a much higher price in the future – up to $13 million per coin by the time it’s 21 years old. This Bitcoin enthusiast envisions that the value of Bitcoin will one day represent more than 13% of the world’s total capital, surpassing its current trillion-dollar market cap which makes up just 0.1%.

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2024-09-09 18:08