For investors wondering if it’s too late to buy Bitcoin (CRYPTO: BTC), the answer might surprise you. While Bitcoin has seen significant price hikes in recent years, there’s still substantial room for growth, according to Michael Saylor, the CEO of MicroStrategy. Known for his vocal support of Bitcoin, Saylor predicts that the cryptocurrency could skyrocket to $13 million per coin by 2045 — an astronomical 18,600% increase from its current price.
Saylor’s confidence in Bitcoin is no secret. Under his leadership, MicroStrategy, traditionally a software firm, has transformed into one of the largest corporate holders of Bitcoin. Since 2020, the company has accumulated approximately 250,000 Bitcoins, valued at over $16 billion. Despite minimal growth in its software revenue, MicroStrategy’s stock has surged nearly 2,000%, largely fueled by its Bitcoin holdings.
Saylor’s belief in Bitcoin’s future is rooted in its unique qualities. Bitcoin is seen as a deflationary asset, in contrast to inflation-prone fiat currencies like the U.S. dollar. Its fixed supply—capped at 21 million coins—combined with the increasing difficulty of mining new coins, makes it a scarce resource. This limited supply, Saylor argues, will drive its value upwards, much like gold, but with additional advantages. Bitcoin can be easily stored and transferred digitally, unlike gold, which requires physical storage and transport.
Moreover, Bitcoin benefits from its decentralized nature, with its value being determined by a global network of computers rather than any central authority. This gives it an edge over traditional financial systems, where central banks have the power to manipulate currency supply and influence value.
While Saylor’s $13 million target might seem ambitious, it’s important to note that he’s betting on a major shift in the global economy. Currently, Bitcoin’s market capitalization is just 1% of that of traditional equities. If Bitcoin were to reach 35% of global equities by 2045—an idea Saylor supports—it would represent an extraordinary transformation in global finance, although such a shift would require overcoming significant hurdles.
Despite the optimistic outlook, some analysts believe that even if Bitcoin falls short of Saylor’s lofty predictions, it will still deliver impressive returns. If Bitcoin were to claim just 5% of global equity markets by 2045, it would still represent a solid annual return of about 19%, making it a potentially lucrative investment for those looking to enter the market now.
Bitcoin’s growing mainstream adoption and its increasing role as a store of value suggest that it will remain a key player in the digital asset world. While volatility will likely continue, investors who hold a long-term view may find themselves well-positioned for substantial gains in the coming decades. For those looking to capitalize on this potential, now might be the time to buy, before Bitcoin takes off even further.
Read more:
