Bitcoin price conservative up to $3 million
MicroStrategy currently holds 226,331 bitcoins, with Michael Saylor predicting in a share that the price of Bitcoin will reach $13 million in 2045, accounting for 7% of global wealth.
However, Bitcoin currently has a market capitalization of about $1.3 trillion, accounting for only 0.1% of global wealth. To reach the target of 7% of global wealth, Bitcoin needs to achieve a 29% annualized rate of return over the remaining 21 years.
Michael Saylor also predicts bitcoin in two different circumstances for bulls:
1 ️ ⃣ Bull market situation: Bitcoin price could reach $49 million, accounting for 22% of global wealth
2 ️ ⃣ Bear market situation: The price may be $3 million, accounting for 2% of global wealth
However, Bitcoin currently has a market capitalization of about $1.3 trillion, accounting for only 0.1% of global wealth. To reach the target of 7% of global wealth, Bitcoin needs to achieve a 29% annualized rate of return over the remaining 21 years.
Michael Saylor also predicts bitcoin in two different circumstances for bulls:
1 ️ ⃣ Bull market situation: Bitcoin price could reach $49 million, accounting for 22% of global wealth
2 ️ ⃣ Bear market situation: The price may be $3 million, accounting for 2% of global wealth
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Goh Choon Keat : Will it