In a recent interview with Fox Business, MicroStrategy co-founder and Chairman Michael Saylor expressed an ambitious outlook for Bitcoin (BTC), predicting substantial growth in its overall market value over the next 21 years.
This forecast is in line with MicroStrategy’s ongoing strategy of accelerating its Bitcoin acquisition program, which has significantly influenced the company’s stock performance, closely tying it to Bitcoin’s price movements.
Seller Estimates Bitcoin Price Will Rise to $13 Million
Bitcoin has already reached a valuation of nearly $2 trillion, with its price hitting a new record of $104,000 on Thursday. However, Saylor estimates that an additional $200 trillion will be added to Bitcoin’s market cap by 2045, largely driven by global inflationary pressures.
According According to Saylor, many investors are moving away from traditional assets in favor of Bitcoin, seeing it as a viable global monetary asset. He claims that as more capital flows into Bitcoin, its growth path will overtake that of equities, gold and real estate.
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Delving deeper into specific price predictions, Saylor said Bitcoin could reach a surprising $13 million per coin. If Saylor’s predicted scenario comes to fruition, it would represent an increase of 12,384%, potentially making it the world’s largest currency.
Saylor based this estimate on analysis that showed Bitcoin has historically grown at an average annual rate of 29%. They argue that this growth could continue, leading to projected valuations up to 2045.
NewsBTC first informed Saylor believes that Bitcoin represents only 0.1% of the global capital market, but he estimates that figure will rise to 7%.
Saylor also provided a detailed analysis of Bitcoin’s growth trajectory, outlining a four-year projection with an average growth rate that could start at 44% and gradually decline to 30%.
Contrary to Bitcoin’s perception high risk assetsThe seller emphasizes its potential as a safe haven for risk-averse investors, highlighting the growing demand for security in investment options.
MicroStrategy increases BTC acquisitions
recently social media updatesSaylor shared the company’s performance after three years of strategic Bitcoin investments. They announced that year-to-date, MicroStrategy’s treasury operations have delivered an impressive BTC yield of 63.3%, resulting in a net gain of approximately 119,800 BTC for shareholders.
At a price of $103,000 per BTC, this translates to an estimated $12.3 billion return for the year, establishing MicroStrategy as one of the most profitable and fastest growing companies operating under the “Bitcoin Standard” .
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On Monday, MicroStrategy revealed It has significantly increased its BTC acquisitions, crossing the milestone of 400,000 BTC in its portfolio.
The company sold 3.7 million shares of its stock, allowing approximately $1.5 billion of the proceeds to be immediately reinvested in Bitcoin. This is the fourth consecutive week of purchases of Bitcoin by the company.
Since November 11th, MicroStrategy has invested more than $13.5 billion in three different Bitcoin ExchangeAt an average purchase price of $56,658 per coin, this brings its total holdings to approximately $38 billion, or 402,100 BTC.
At the time of writing BTC is trading at $101,628, registering a 6% increase in the 24-hour time frame.
Display image from DALL-E, chart from tradingview.com
