Michael Saylor forecasts Bitcoin hitting $13M by 2045, fueled by institutional adoption, clear regulations, and its fixed 21M supply.
The executive chairman of Strategy (formerly MicroStrategy), has reiterated his optimistic position on Bitcoin, forecasting a 12,328% increase in price by 2045.
Saylor recently discussed his revised perspective on Bitcoin during an interview on CNBC’s Squawk Box. He proposed that the cryptocurrency could reach $13 million per coin by 2045.
Michael Saylor’s Bitcoin Price Prediction
Michael Saylor issued his initial Bitcoin prediction at the 2024 Bitcoin Conference in Nashville, and it has since undergone evolution. He anticipated that Bitcoin’s price would reach $13 million by 2045, with an average annual development rate of 29%.
Nevertheless, Michael Saylor’s optimism has only increased since then. Consequently, he now expects a 40% annual return, accelerating Bitcoin’s ascent to the $13 million target compared to the previous forecast.
Saylor’s optimism is primarily motivated by the institutional adoption of Bitcoin, prospective regulatory improvements, and fixed supply. Additionally, Saylor has noted that over 100 public companies currently hold Bitcoin in their balance accounts, which is increasing weekly. His optimistic prognosis is predicated on the positive regulatory developments and the growing institutional interest.
Bitcoin ETFs and Institutional Adoption
Michael Saylor is confident that the value of Bitcoin will be significantly influenced by institutions’ increasing adoption of the cryptocurrency. He stated that the trend of increasing the number of public companies incorporating Bitcoin is becoming more pronounced. Bitcoin exchange-traded funds (ETFs) also contribute to the growth of cryptocurrency demand and popularity.
Bitcoin ETFs currently oversee $122.98 billion in assets and amassed $44.29 billion in investments.
Saylor believes that institutional investors, such as pension funds and endowments, are beginning to regard Bitcoin as a store of value.
The increasing involvement of major institutions is facilitating Bitcoin’s integration into the primary financial system. He discussed the importance of the United States’ recognition of Bitcoin as a prominent digital currency in the context of new regulations that permit banks in the country to retain Bitcoin. Due to these developments, institutions are increasingly finding it easier to invest in Bitcoin.
The Role of Bitcoin Supply Dynamics and Strategy
Another significant factor contributing to Michael Saylor’s optimistic outlook was the scarcity of Bitcoin. The supply is restricted, as only approximately 450 Bitcoins are available for purchase each day. As per Saylor, the price is substantially affected by the rapid absorption of this daily supply by Bitcoin treasury corporations and ETFs.
Strategy, a company managed by Michael Saylor, continues to acquire Bitcoin and expand its position as the foremost corporate holder. The organization has recently announced its intention to raise nearly $1 billion through an initial public offering of preferred equity.
The proceeds of this transaction will be allocated to the company’s requirements, which include the acquisition of additional Bitcoin. This action reinforces Strategy’s conviction that Bitcoin will appreciate in value over the long term and aligns with Saylor’s optimistic assessment.
Metaplanet’s Acquisition of Bitcoin Contributes to the Current Trend
Strategy is collaborating with other institutional investors to execute significant transactions in the Bitcoin market. Metaplanet, a Japanese investment firm, has disclosed its intention to raise $5.4 billion in equity financing, including acquiring additional Bitcoin.
Metaplanet is exploiting the company’s market interest and fluctuating stock by issuing 5.55 billion new shares using floating strike price warrants.
Saylor remains optimistic about Bitcoin even though its price has stabilized at less than $105,000. However, Bitcoin is still holding firm during this temporary volatility, as the quantity of Bitcoin on exchanges has fallen to a seven-year low, indicating that numerous institutional purchasers remain interested.
