American billionaire entrepreneur and MicroStrategy’s bitcoin-enthusiastic chairman Michael Saylor continues to boost optimism in crypto and bitcoin adoption. Once again, he has predicted a fantastic future for Bitcoin. Looking 21 years from now, Saylor believes that the crypto will become more dominant worldwide and trade at $13 million per BTC after going through four halving events, increasing its scarcity and value.
Saylor Predicts $13M per BTC
Saylor told CNBC in a Monday interview that according to his calculations on the future of Bitcoin, he sees the cryptocurrency becoming 7% of all the capital in the world and jumping to $13 million by 2045.
“My long-term forecast, it’s going to go to $13 million over 21 years,” he said.
Describing why he’s convinced of such a massive movement, Saylor expressed that the crypto market is always going to be a more global, open, and free capital market. He also explained that bitcoin goes up by approximately 44% each year, and with time, it may reduce to around a 30%- 40% increase per annum.
According to live price data from CryptocurrenciesToWatch, bitcoin trades at $57,220. It covers just 0.1% of the world’s capital with a $1.3 trillion market capitalization. Breaking down Saylor’s prediction means that, by 2045, bitcoin will reach $13 million per BTC with a $280 trillion market capitalization, covering 7% of the world’s capital.
Saylor’s Bitcoin Bag
In Bloomberg’s Open Interest interview last month, Saylor revealed that he holds about 17,500 bitcoins worth over $1 billion. The Bitcoin billionaire has seized various opportunities to express confidence in the cryptocurrency. He likened the acquisition of bitcoin to buying desirable and scarce real estate in the greatest cities in North America. Further, he referred to Bitcoin as the future.
“I think it’s a great capital investment asset for an individual, a family, an institution, a corporation, or a country. I can’t see a better place to put my money. It’s the future,” Saylor said.
In addition to his holdings, Saylor co-founded the first publicly traded Bitcoin company, MicroStrategy. He stepped down as its CEO to focus on acquiring bitcoins for the company. Following MicroStrategy’s last bitcoin purchase, it now has 226,500 BTC, almost 1.1% of the total bitcoin supply, worth more than $13 billion.
