The idea that Bitcoin could be worth $13 million in 2045 may seem outlandish, but this prediction comes from Michael Saylor, a prominent figure in the Bitcoin community. He shared his prophetic vision at the Bitcoin 2024 conference in Nashville.
His Prediction
Michael Saylor, founder of MicroStrategy and current chairman of the firm, is known for his optimistic stance on Bitcoin. At the conference, he confidently stated that Bitcoin could reach a value of $13 million per coin by 2045.
Saylor believes that macroeconomic conditions favor this significant rise. He projects that Bitcoin’s total market capitalization will surge to $280 trillion by 2045, a dramatic increase from its current valuation of $1.3 trillion. If his forecast holds true, Bitcoin would represent 7% of global wealth.
During his speech, Saylor encouraged the audience to become “triple maxi” Bitcoin enthusiasts. He also suggested that, in an ideal scenario, Bitcoin’s value could soar to $49 million per coin, capturing 22% of global wealth. Even in a less favorable situation, he predicted a value of $3 million per Bitcoin, which would still account for 2% of global wealth.
$13M is the #Bitcoin Base Case. pic.twitter.com/0Wz60P2C5n
— Michael Saylor⚡️ (@saylor) July 27, 2024
Bitcoin as a Superior Asset
Michael Saylor’s personal investment in Bitcoin exceeds $1 billion, and his company, MicroStrategy, holds the largest corporate Bitcoin portfolio worldwide. Since late 2020, MicroStrategy has accumulated 226,331 Bitcoins, worth approximately $15.4 billion.
Saylor argues that physical assets like government bonds, luxury cars, and real estate are subject to the laws of thermodynamics, including entropy, which causes their value to diminish over time. He also cited “war, famine, and disasters” as factors that can erode the value of traditional assets over time.
In contrast, Saylor views Bitcoin as an exception. “Bitcoin is digital capital. Bitcoin’s immortal, immutable, and immaterial capital,” he declared. “It’s got an infinite lifespan, it’s not being attacked by the forces of weather and entropy and inflation.”
Saylor recently disclosed his 21 rules for Bitcoin, ranging from rule 1 “Those Who Understand Bitcoin, Buy Bitcoin”, to rule 21 “Spread Bitcoin with Love”.
At the time of writing, Bitcoin is trading at $69,575, good for gains of over 3% in the last 24 hours.