Michael Saylor, the Bitcoin-loving CEO of Microstrategy, has thrown out some wild predictions about where Bitcoin’s price could go in the next 23 years.
Saylor’s Bold Predictions
Saylor believes Bitcoin could reach a staggering $49 million per coin by 2045, giving it a market cap of over $1 quadrillion. That’s a 22% share of all the world’s financial assets!
He also laid out a “bear” case, where Bitcoin would reach $3 million per coin, and a “base” case, where it would hit $13 million.
Other Reasons for Optimism
Saylor’s predictions are just one piece of the puzzle. Other factors could also drive Bitcoin’s price higher:
- Trump’s Bitcoin Push: Republican presidential candidate Donald Trump has said he wants to make the US the “Bitcoin superpower” if elected.
- Bitcoin ETFs: Spot Bitcoin ETFs are gaining traction, which could bring more institutional money into the market.
- Traditional Finance Interest: Big players in traditional finance are starting to take notice of Bitcoin, which could lead to increased adoption.
Bitcoin’s Current Situation
Right now, Bitcoin is trading around $67,000. It’s down slightly in the last day but up significantly over the past month.
The next big hurdle for Bitcoin is the $71,000 mark. If it can break through that, it could continue its upward climb. But if it fails, it might drop back down to around $65,000.
Overall, the future of Bitcoin is uncertain. But with all the hype and potential, it’s definitely a story worth watching.
