Sailor says
That Michael Saylor remains fiercely bullish on Bitcoin {{BTC}} and Microstrategy's executive chairman was not disappointed on Friday will surprise anyone as he sees the price of the world's largest crypto rise to 13 million dollars by 2045 in his base case scenario.
Saylor, who gave the keynote address at the Bitcoin 2024 conference held in Nashville, pointed out that the current price of Bitcoin is around $65,000, and the total market value is 1.3 trillion dollars, or only 0.1% of the world's wealth.
Saylor said that in order for Bitcoin to reach a base case of 13 million dollars in 2045, an annual return of 29% is necessary. At that level, Bitcoin's total market value is $280 trillion and would account for 7% of the world's wealth, he continued.
In the bullish case, Saylor said Bitcoin is worth $49 million and could account for 22% of the world's wealth. His bear case was worth 3 million dollars and 2% of the world's wealth.
Under Saylor's leadership, business software company MicrostateGy has accumulated a 226,331 token Bitcoin stack over the past 4 years, and is currently worth around $15 billion, or about 80% or more of the cumulative purchase price.
Saylor, who gave the keynote address at the Bitcoin 2024 conference held in Nashville, pointed out that the current price of Bitcoin is around $65,000, and the total market value is 1.3 trillion dollars, or only 0.1% of the world's wealth.
Saylor said that in order for Bitcoin to reach a base case of 13 million dollars in 2045, an annual return of 29% is necessary. At that level, Bitcoin's total market value is $280 trillion and would account for 7% of the world's wealth, he continued.
In the bullish case, Saylor said Bitcoin is worth $49 million and could account for 22% of the world's wealth. His bear case was worth 3 million dollars and 2% of the world's wealth.
Under Saylor's leadership, business software company MicrostateGy has accumulated a 226,331 token Bitcoin stack over the past 4 years, and is currently worth around $15 billion, or about 80% or more of the cumulative purchase price.
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