It will come as no surprise that Michael Saylor remains extremely bullish on Bitcoin {{BTC}} and the MicroStrategy chairman did not disappoint on Friday, saying he expects the world’s largest cryptocurrency to hit $13 million in price by 2045 in his base case scenario.
Saylor delivered a keynote speech at the Bitcoin 2024 conference in Nashville, noting that at its current price of around $65,000, bitcoin has a market cap of $1.3 trillion, or just 0.1% of all global wealth.
For bitcoin to reach its base case of $13 million by 2045, Saylor said, an annual return of 29% would be needed. At that level, he continued, bitcoin would have a market cap of $280 trillion and account for 7% of global wealth.
In a positive scenario, Saylor said bitcoin could be worth as much as $49 million and account for 22% of global wealth. In a negative scenario, he predicted a value of $3 million and 2% of global wealth.
Under Saylor’s leadership, enterprise software company MicroStategy has amassed a bitcoin stack of 226,331 tokens over the past four years, which is currently worth about $15 billion, or about 80% more than the cumulative purchase price.
Read more: VanEck expects Bitcoin to be worth $2.9 million by 2050 – but there’s a lot to do first
