Michael Saylor, the founder and executive chairman of MicroStrategy, has dropped a bombshell. He reckons Bitcoin will soar over 19,000% in about two decades.
Saylor spilled the beans at the Bitcoin2024 conference in Nashville. He laid out his long-term predictions for BTC, stretching all the way to 2045.
In his base-case scenario, Saylor sees Bitcoin hitting a whopping $13 million. That's with a market cap of $280 trillion.
"Here's my macro Bitcoin forecast: it's 21 years. It goes out to the year 2045," Saylor said.
He thinks Bitcoin's annual rate of return (ARR) will gradually slow down. It'll start at 55% and eventually settle around 20%.
"It will gradually decelerate till it's growing about twice as fast as the S&P index," he explained.
Saylor's not messing around. His company, MicroStrategy, is the world's largest corporate Bitcoin holder. They're sitting on 226,331 BTC, worth a cool $15.318 billion.
But here's the kicker: if Bitcoin does hit $13 million per coin in 2045, Saylor could become the richest person on Earth.
Crypto trader Luke Martin crunched the numbers. "His BTC position would = $573 billion, making him the richest person on earth if his prediction plays out," he tweeted.
Martin added, "Really puts the Bitcoin nation-state game theory into perspective. One guy was able to accumulate a BTC position that could rival the largest central bank gold reserve in a decade or two."
