Michael Saylor: It is expected that the price of Bitcoin will reach 13 million dollars by 2045, accounting for 7% of global wealth

2024-07-27 09:18:03

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ChainCatcher news, according to CoinDesk, MicroStrategy Executive Chairman Michael Saylor stated at the Bitcoin 2024 conference that he expects the price of Bitcoin to reach $13 million by 2045, accounting for 7% of global wealth. He pointed out that the current price of Bitcoin is about $65,000, with a market capitalization of $1.3 trillion, only accounting for 0.1% of global wealth. To reach this goal, Bitcoin needs to achieve an average annual return of 29% over the next 21 years. Saylor also mentioned that in a bull market, the price of Bitcoin could reach as high as $49 million, accounting for 22% of global wealth; while in a bear market, the price could be $3 million, accounting for 2% of global wealth. MicroStrategy currently holds 226,331 Bitcoins, valued at approximately $15 billion.

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