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Michael Saylor Predicts Bitcoin Could Reach $13 Million in 21 Years

Sep 9, 2024, 12:38 PM

Michael Saylor, CEO of MicroStrategy, has made a bold prediction about Bitcoin's future value. Speaking on CNBC, Saylor stated that he believes Bitcoin could reach $13 million over the very long term. He also suggested that Bitcoin, which currently represents 0.1% of global capital, could grow to encompass 7% of the world's capital, a significant leap that implies a 70-fold increase in value. Saylor's forecast includes a potential rise in Bitcoin's price from $55,000 to $3.85 million over the next 21 years. He emphasized Bitcoin's liquidity and fungibility, calling it the most liquid and free capital market globally.