Michael Saylor, the executive chairman of MicroStrategy, has made a bold prediction, forecasting that Bitcoin could reach $13 million per coin in the next 21 years. Saylor believes that Bitcoin will eventually capture 7% of global capital, outpacing other assets due to its technological superiority and consistent returns.
On September 9, Bitcoin was trading just under $55,000, showing a 2% rise in the previous 24 hours, according to crypto.news data. Saylor, speaking to CNBC, projected that Bitcoin’s price could increase by 70 times, potentially placing BTC at $3.85 million per coin in the near term as adoption continues to grow.
Why Bitcoin Could Soar: Saylor’s Perspective
Saylor explained that Bitcoin’s potential to outperform other assets is rooted in its technological advantages and impressive annual returns. Since August 2020, when MicroStrategy began its aggressive Bitcoin acquisition strategy, the cryptocurrency has delivered an average annual return of 44%. In contrast, the S&P 500 returned only 12% over the same four-year period.
MicroStrategy’s leveraged Bitcoin strategy, which involves selling convertible bonds to acquire more BTC, has yielded an astonishing 825% return on the company’s capital. This surpasses the performance of Nvidia, the S&P 500’s best-performing stock, which posted an 821% return during the same period.
Institutional Demand and Bitcoin ETFs
Saylor also pointed out that despite the recent $1.2 billion outflow from Bitcoin ETFs, institutional demand is likely to increase in the long run. Wall Street traders recently pulled significant amounts from Bitcoin ETFs due to global financial market volatility. However, Saylor believes these outflows will fuel renewed investor interest, particularly as the volatility stabilizes.
In the long term, Saylor insists that HODL’ers—those who “hold on for dear life” and focus on long-term Bitcoin holdings—will outperform traders who are focused on short-term price fluctuations. He emphasized that HODL’ing provides more stable returns in a volatile market.
A Bold Future: Bitcoin at $13 Million
While Saylor’s short-term forecast places Bitcoin’s price close to $4 million, his long-term outlook is even more ambitious. He predicts that Bitcoin will eventually trade at $13 million per coin over the next 21 years. Currently, Bitcoin’s market cap represents just 0.1% of global capital, but Saylor believes this will surpass 13% by 2050.
Saylor’s confidence in Bitcoin is unwavering, and he believes the cryptocurrency will continue to dominate global markets as institutional adoption increases. His prediction reflects a long-term view of Bitcoin’s role as a store of value, technological asset, and a key player in the global financial ecosystem.
Conclusion: Bitcoin’s Path to $13 Million
Michael Saylor’s prediction of Bitcoin reaching $13 million in the next two decades underscores his belief in the cryptocurrency’s long-term potential. As Bitcoin continues to gain institutional traction and outpace other assets in terms of performance, Saylor sees it commanding a larger share of global capital. For long-term investors and HODL’ers, Saylor’s forecast offers a glimpse into the future of Bitcoin as a major player in the global economy.
