NewsletterBitcoin Price To Hit $13M, Michael Saylor Predicts Amid BTC Rally
Highlights
- Michael Saylor predicts Bitcoin to hit $13 million by 2045 in his macro forecast.
- In an extended rally, BTC could reach as much as $49 million, he predicts.
- Saylor's forecast comes amid a notable rally in the broader crypto market and BTC price.
In a bold forecast, MicroStrategy’s Michael Saylor predicts Bitcoin price could hit $13 million by 2045. His projection, made during the Bitcoin Conference 2024, comes amid a notable rally in the broader crypto market, sparking widespread discussion. Besides, he also predicts that in an extended rally, BTC could reach as much as $49 million in the same time frame.
Michale Saylor Made Bold Forecast On Bitcoin Price
During his appearance at the Bitcoin Conference, Saylor outlined a macro forecast for Bitcoin. The MicroStrategy co-founder shares his long-term prediction for Bitcoin price, forecasting that its annual growth rate might slow from 55% to 20% by 2045, but it would ultimately drive the cryptocurrency’s value to a staggering $13 million per coin.
Besides, he also mentioned a potential bull case where Bitcoin could reach $49 million by 2045. Saylor has always been bullish on Bitcoin. His company, MicroStrategy, holds a significant amount of Bitcoin, underscoring his confidence in its future.
Meanwhile, Saylor’s latest prediction aligns with his long-term optimistic view, projecting massive growth for Bitcoin despite its volatile nature. In addition, his latest comments have fueled discussions among investors, amid an ongoing rally in the broader cryptocurrency market and BTC price.
Also Read: Cardano Founder Charles Hoskinson Criticizes Peter Schiff’s Bitcoin Knowledge
Market Optimism Amid Price Surge
Saylor’s comments come as Bitcoin price soared past $68,000 again today. The surge is fueled by optimism surrounding the Bitcoin Conference and former President Donald Trump’s anticipated appearance. David Bailey, CEO of Bitcoin Magazine, suggested that Bitcoin could hit a new high during Trump’s speech at the event.
Meanwhile, Saylor’s bullish forecast is not surprising given his company’s substantial Bitcoin holdings. MicroStrategy has accumulated 226,331 tokens over the past four years, currently worth about $15 billion, significantly more than the purchase price. This demonstrates Saylor’s belief in Bitcoin’s long-term value and potential as a store of wealth.
However, Saylor also presented a bear case scenario where Bitcoin price could be valued at $3 million, accounting for 2% of global wealth. Despite the varying projections, Saylor’s overall message was clear that Bitcoin’s potential growth is immense, and it could become a significant asset in the global economy.
During writing, BTC price was up 2% and exchanged hands at $68,010, with its trading volume declining 20% to $31.18 million from yesterday. Besides, Bitcoin Futures Open Interest soared nearly 3%, indicating strong market confidence towards the flagship crypto.
Also Read: Pro-Bitcoin RFK Eyes Election Victory, Denies Endorsement For Donald Trump
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Strategy’s S&P 500 Bid Still Alive Despite MSTR Plunge Below Bitcoin mNAV
- Breaking: Kraken Files Confidential Draft S-1 For U.S. IPO With SEC
- Donald Trump May Name Next Fed Chair Before Christmas: Scott Bessent
- BlackRock Moves Over $815M in BTC and ETH as Crypto ETFs See Heavy Outflows
- KuCoin Global Opens Australian Offices as Part of Its Global Expansion
- Chainlink Price Poised for a 30% Surge After TAO Ventures Joins Rubicon Launch
- HBAR Price at Risk of a 30% Dive as ETF Inflows Dry, Open Interest Falls
- Dogecoin Price Eyes Recovery Above $0.20 as Whales Scoop Up 27.4 Billion DOGE.
- FUNToken Price Shows Bullish Accumulation in a Weak Market : Time to Invest?
- Why Are CRO, STRK & MYX Prices Up Today?
- Solana Price Prediction – Will the ETF Wave End SOL’s Multi-Week Downtrend?
