One after another, MicroStrategy’s founder Michael Saylor is making bold speculation on crypto’s future. In a recent interview, Michael Saylor projected that Bitcoin’s market capitalization could reach $280 trillion within the next 21 years. Currently valued at $2 trillion, Saylor outlines the path to this monumental increase.
I journeyed into the @FoxBusiness studios to discuss digital capital, the growth of the #Bitcoin asset class, the promise of Bitcoin as a protocol for prosperity, and the emergence of Bitcoin as the world’s reserve capital network offering global property rights, with @cvpayne. pic.twitter.com/ZoiFRT07cB
— Michael Saylor⚡️ (@saylor) December 4, 2024
Bitcoin Might Surge To $30 Million
Saylor also predicted that this capital flow could drive BTC’s value to approximately $30 million per coin by 2045 with an average annual growth rate of 29%.
“Global wealth is growing due to innovations, technologies, and also inflation,” Saylor explained. He highlighted how capital is increasingly moving toward cryptocurrency: “People might sell their Central African real estate, Siberian natural gas, or Argentine currency to buy Bitcoin.”
According to him, this migration of capital to a global monetary asset will outpace traditional investments like gold and real estate.
In November only, MicroStrategy raised $13.5 billion and acquired 149,880 BTC at an average price of around, achieving a BTC yield of 38.7%. This resulted in a net gain of 97,500 BTC for shareholders or 3,250 BTC. With BTC priced at approximately $96,000, this translates to about $9.4 billion for the months, or $312 million daily.
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