Top Cryptocurrency Predicted for a Significant Surge of Over 12,500% by Michael Saylor
With Donald Trump back in the White House, investors are feeling optimistic about both the stock market and the cryptocurrency industry. Favorable regulation and business-friendly policies could lead to some encouraging results for the latter.
Before the start of this new year, Bitcoin supporter Michael Saylor couldn't contain his enthusiasm for the popular digital currency. His bullish outlook is nothing new - it's fueled by his belief in Bitcoin's potential.
According to Saylor, Bitcoin's price will soar an unimaginable 12,500% from its current price of $103,000 (as of Jan. 22) to an astounding $13 million in 2045.
Looking 20 years down the road, it's worth noting that Saylor's base case sets a $13 million price target on Bitcoin in 2045. That equates to a mouth-watering 27.4% annualized gain. In this scenario, he suspects 7% of all global wealth will flow to Bitcoin, giving it a staggering $280 trillion market cap.
Saylor's bull case takes things to another level, predicting a $49 million price target for Bitcoin in 2045 with a mind-boggling $1 quadrillion market cap. Even his bear case is optimistic, with Bitcoin's price rising annually at 18.4% to $3 million in 20 years.
Regardless of which figure you focus on, Saylor remains incredibly optimistic about Bitcoin's future. If you listen to him talk, it's clear that he believes Bitcoin will be the main beneficiary of increasing government debt burdens, constant fiat currency debasement, and ongoing inflation.
Bitcoin's financial engineering
Saylor isn't just talking the talk - he's also walking the walk. Software enterprise MicroStrategy, which he co-founded and is now executive chairman of, first invested in Bitcoin in August 2020. As of Jan. 21, they held over 461,000 Bitcoin worth approximately $16 billion.
MicroStrategy's financial engineering strategies have made Saylor a legend in the Bitcoin community. By raising cash via debt and equity markets, the company has been able to fund its Bitcoin purchases. This has provided investors with a means to gain exposure to Bitcoin through owning the company's stock.
Long-term conviction
Price targets, like Saylor's $13 million target for Bitcoin, should always be taken with a grain of salt. Predicting the future is never easy, especially when it comes to something as volatile as Bitcoin. But everybody agrees that Bitcoin deserves a place in a diversified portfolio.
Long-term investors, in particular, should consider Bitcoin. They're the ones who can handle the volatility, and the upside is certainly there, even if Bitcoin is currently trading at record-breaking levels.
Bitcoin's defining characteristic is its fixed supply cap of 21 million coins. This, along with the troubles of the current fiscal and monetary system, is why investors are flocking to Bitcoin. It's a purely digital and decentralized asset, whose supply cannot be increased, and whose appeal is only likely to grow as more investors build their conviction in it.
Bitcoin is still a small fraction of the global economy today. But as more investors become educated about it, and as its reputation continues to grow, we can expect to see its significance increase. That's what Saylor expects, too.
Insights from enrichment:
Michael Saylor and MicroStrategy have been making aggressive long-term price predictions for Bitcoin, reflecting their bullish outlook on the cryptocurrency's future. Analysts suggest that Bitcoin could reach $200,000 by the end of 2025, driven by increased institutional adoption and favorable regulatory developments. By January 2025, MicroStrategy held over 218,000 Bitcoin, valued at approximately $48 billion, and planned to raise $42 billion over three years to purchase additional Bitcoin. The introduction of US spot Bitcoin ETFs has enabled institutional investors to gain exposure to Bitcoin, with over $40 billion in net inflows and over $120 billion in combined assets under management within a year of launch. Bitcoin has become a global macro asset, capturing nations and institutional attention, with its growth in realized cap driven by an increasing role on the global stage.
given the bullish sentiment towards Bitcoin, many investors are considering allocating finance to this digital asset. Michael Saylor, a prominent Bitcoin supporter and executive chairman of MicroStrategy, believes that Bitcoin's price could reach an astounding $13 million by 2045, potentially attracting 7% of global wealth and achieving a market cap of $280 trillion. This view, along with MicroStrategy's financial engineering strategies, which have allowed for significant Bitcoin investment through debt and equity markets, is leading to increased enthusiasm for investing in Bitcoin.
