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In a recent interview with Fox Business, Michael Saylor, co-founder and president of MicroStrategy, expressed an ambitious vision for Bitcoin (BTC), predicting a substantial increase in its overall market value over the next 21 years.
This forecast aligns with MicroStrategy’s current strategy of intensifying its Bitcoin acquisition program, which has significantly influenced the company’s stock performance, closely linking it to Bitcoin price movements.
Saylor predicts Bitcoin price will skyrocket to $13 million
Bitcoin has already reached a valuation of approximately $2 trillion, and its price hit a new record high of $104,000 on Thursday. However, Saylor anticipates an additional $200 trillion will be added to Bitcoin’s market capitalization by 2045, driven largely by global inflationary pressures.
According According to Saylor, many investors are moving away from traditional assets in favor of Bitcoin, considering it a viable global monetary asset. He claims that as more capital flows into Bitcoin, its growth trajectory will outperform stocks, gold, and real estate.
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Delving into specific price predictions, Saylor posited that bitcoin could reach a staggering $13 million per coin. This would represent a growth of 12,384% if Saylor’s scenario comes true, potentially making it the largest currency in the world.
Saylor bases this estimate on analysis that suggests Bitcoin has historically grown at an average annual rate of 29%. This growth, he maintains, could continue, leading to the projected valuation of 2045.
BTC News Previously reported Saylor believes Bitcoin represents only 0.1% of the global capital market, but expects that figure to rise to 7%.
Saylor also provided a detailed analysis of Bitcoin’s growth trajectory, outlining a four-year projection with an average growth rate that could start at 44% and gradually decline to 30%.
Contrary to the perception of Bitcoin as a high risk assetSaylor emphasizes its potential as a safe haven for risk-averse investors, highlighting the growing demand for security in investment options.
MicroStrategy increases BTC acquisitions
In a recent social media updateSaylor shared the company’s performance after three years of strategic investments in Bitcoin. He announced that so far this year, MicroStrategy’s treasury operations have generated an impressive BTC return of 63.3%, resulting in a net profit of approximately 119,800 BTC for shareholders.
At prices of $103,000 per BTC, this translates into an estimated return of $12.3 billion for the year, positioning MicroStrategy as one of the most profitable and fastest-growing companies operating under the “Bitcoin Standard.”
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On Monday, MicroStrategy revealed which has significantly increased its BTC acquisitions, surpassing the milestone of 400,000 BTC in its portfolio.
The company sold 3.7 million shares, generating around $1.5 billion in proceeds that were immediately reinvested in Bitcoin. This marks the fourth consecutive week of Bitcoin purchases by the company.
Since November 11, MicroStrategy has invested more than $13.5 billion in Bitcoin across three proceedingsbringing its total holdings to approximately $38 billion, or 402,100 BTC, at an average purchase price of $56,658 per coin.
BTC is trading at $101,628 at the time of writing, registering a 6% increase in the 24-hour period.
Featured image of DALL-E, chart from TradingView.com
