Michael Saylor Projects: Saylor’s $13 Million Base Case and $49 Million Bull Case
Michael Saylor Projects– It’s no surprise that Michael Saylor, the executive chairman of MicroStrategy, continues to be a strong advocate for Bitcoin (BTC). At the Bitcoin 2024 conference in Nashville on Friday, Saylor made headlines with his audacious predictions for Bitcoin’s future. According to Saylor, he envisions Bitcoin’s price reaching an astounding $13 million by the year 2045, in his base case scenario.
During his keynote address, Saylor pointed out that Bitcoin is currently priced around $65,000, giving it a market capitalization of $1.3 trillion. This represents just 0.1% of the total global wealth. For Bitcoin to hit the $13 million mark by 2045, Saylor explained that it would need to achieve an impressive annual return of 29%. At such a valuation, Bitcoin would have a market cap of $280 trillion, accounting for 7% of global wealth.
Saylor didn’t stop there. He also presented more optimistic and pessimistic scenarios. In a bullish case, he projected that Bitcoin could soar to $49 million and constitute 22% of global wealth. Conversely, in a bearish scenario, Bitcoin might be valued at $3 million, representing just 2% of global wealth.
Under Saylor’s leadership, MicroStrategy has amassed a substantial Bitcoin reserve. Over the past four years, the company has accumulated a total of 226,331 BTC. Currently, this substantial holding is valued at approximately $15 billion—about 80% more than what MicroStrategy originally paid for it. Saylor’s unwavering optimism about Bitcoin continues to shape his company’s investment strategy and highlights his belief in Bitcoin’s long-term potential.
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