Michael Saylor Predicts Bitcoin Market Cap Will Reach $280 Trillion By 2045
In a recent interview with Fox Business, Michael Saylor, co-founder and chairman of MicroStrategy, outlined an optimistic vision for Bitcoin (BTC), predicting a significant increase in its market value over the next 21 years.
Saylor Envisions Bitcoin Price Soaring To $13 Million
Bitcoin's current valuation is approximately $2 trillion, with a record price of $104,000. Saylor anticipates an additional $200 trillion will be added to Bitcoin's market cap by 2045, influenced by global inflationary pressures. He notes that many investors are shifting from traditional assets to Bitcoin, viewing it as a viable global monetary asset. Saylor believes this trend will enable Bitcoin to grow faster than equities, gold, and real estate.
Saylor predicts Bitcoin could reach $13 million per coin, indicating a potential growth of 12,384%. This estimate is based on an average annual growth rate of 29% observed historically, which he argues could continue through 2045. He also states that Bitcoin currently represents only 0.1% of the global capital market, with expectations for that figure to rise to 7%.
He detailed a four-year growth projection starting at an average growth rate of 44%, tapering down to 30%. Saylor emphasizes Bitcoin's potential as a safe haven for risk-averse investors amid increasing security demands in investment choices.
MicroStrategy Ramps Up BTC Acquisitions
In a recent social media update, Saylor highlighted MicroStrategy’s performance following three years of strategic Bitcoin investments, noting a year-to-date BTC yield of 63.3% and a net benefit of approximately 119,800 BTC for shareholders. At prices of $103,000 per BTC, this equates to around $12.3 billion in returns for the year, positioning MicroStrategy as one of the most profitable companies under the “Bitcoin Standard.”
On Monday, MicroStrategy revealed it has surpassed 400,000 BTC in its portfolio after selling 3.7 million shares, generating about $1.5 billion reinvested into Bitcoin. This marks the fourth consecutive week of Bitcoin purchases by the firm.
Since November 11, MicroStrategy has invested over $13.5 billion in Bitcoin across three transactions, bringing its total holdings to approximately $38 billion, or 402,100 BTC, with an average purchase price of $56,658 per coin.
BTC trades at $101,628, reflecting a 6% increase in the last 24 hours.
Featured image from DALL-E, chart from TradingView.com