Astronomical Bitcoin Price Prediction From Michael Saylor

During a keynote speech at the Bitcoin 2024 conference on July 26, Michael Saylor, co-founder of MicroStrategy, made a bold prediction that Bitcoin (BTC) could reach $13 million per coin by 2045.

This updated forecast surpasses his previous estimate of $10 million made in June.

Saylor outlined various scenarios, suggesting that Bitcoin could range from $3 million in a bear market to $49 million in an extremely bullish market. He encouraged attendees at the Nashville, Tennessee event to adopt a highly bullish stance on Bitcoin.

Saylor advised individuals to go all-in on Bitcoin by financing their homes with Bitcoin, converting all assets to Bitcoin, and moving to low-tax jurisdictions to maximize investment. He claimed this strategy could potentially lead to a net worth of $214 million and recommended similar approaches for corporations and nation-states.

Highlighting the limitations of physical assets like stocks, bonds, luxury cars, and real estate, Saylor argued that they are all subject to entropy, which diminishes their value over time. He pointed out that even the most enduring physical assets, such as the UK Crown Estate, only last a fraction of Bitcoin’s potential lifespan.

Saylor emphasized that Bitcoin is unique because it is “immortal, immutable, and immaterial,” making it a solution to economic challenges. Unlike physical assets, Bitcoin exists beyond the physical realm and boasts an infinite lifespan.