MicroStrategy’s Michael Saylor has shared some rather bold claims about Bitcoin (BTC) price. In a speech at the Bitcoin Conference 2024, the well-respected crypto figure predicted that BTC could hit a minimum of $13 million by 2045. Saylor also hinted at the possibility that BTC hits an even more ambitious $49 million level around the same time. However that would only be the case should there be an extended rally, he noted.
Saylor, has been a long time crypto advocate and his latest prediction does not exactly come as a surprise. According to his forecast, the annual growth rate of Bitcoin could possibly slow from around 55% to 20% by 2045, causing the cryptocurrency’s value to rise to the benchmark of $13 million per coin.
Notably, Saylor did not base his prediction off any technical analysis or historical charts and trends. However, his optimistic views reflect the huge amount of confidence that even his company, MicroStrategy, has placed on Bitcoin. Despite the volatile nature of the asset class, Saylor and MicroStrategy remain committed to their belief in the long-term value of BTC as an investment, a potential store of value, and an inflation hedge.
For context, MicroStrategy is believed to be the world’s biggest corporate holder of BTC. The firm has accumulated 226,331 tokens over the past four years, which is currently worth about $15 billion.
BTC Price Gathers Momentum amid Michael Saylor’s Prediction
Saylor’s latest comments have sparked discussions among investors, amid an ongoing rally in the broader cryptocurrency market and BTC price. The comments come at a time when Bitcoin price soared past $68,000 again today. Per CoinMarketCap data, the token is up 1.36% in the last 24 hours and was seen trading at $68,032 as of publication.
Although, many have attached the latest surge to be linked to optimism surrounding the Bitcoin Conference and the anticipation that former President Donald Trump would make an appearance. As a fact, David Bailey, CEO of Bitcoin Magazine, sees the possibility of Bitcoin hitting a new high during Trump’s speech at the event.
