Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), has once again doubled down on his bullish Bitcoin outlook. Speaking on CNBC’s Squawk Box, Saylor predicted that Bitcoin could reach a jaw-dropping $13 million per coin by 2045, representing a 12,328% surge from current levels.
Saylor first made this bold prediction at the 2024 Bitcoin Conference in Nashville, projecting a 29% annual return. Now, he’s even more optimistic, raising that to a 40% annual growth rate, which could push Bitcoin to $13 million even sooner.
What is the reason behind his self-assurance? He mentioned that Bitcoin’s limited supply, more interest from institutions, and positive changes in regulations were driving its growth.
He pointed out that over 100 public companies already have Bitcoin on their books, and the number is growing every week. Assets under management by Bitcoin ETFs, which now total more than $122 billion, are also helping to increase mainstream adoption.
Strategy, Saylor’s firm, continues to lead the corporate Bitcoin charge. The company recently announced plans to raise nearly $1 billion through a preferred stock sale to fund further Bitcoin purchases. Joining Strategy’s aggressive push is Japan’s Metaplanet, which aims to raise $5.4 billion to invest more in Bitcoin.
Despite current prices sitting below $105,000, Saylor remains unfazed. He noted that Bitcoin’s supply remains limited, with only 450 new BTC released daily, mostly snapped up by ETFs and treasuries.
The number of Bitcoins held on exchanges is at a 7-year low, showing strong institutional conviction. This shows strong institutional interest and confidence in Bitcoin’s future.
Also Read: Michael Saylor’s Strategy Announces $250M STRD Shares IPO to Buy More Bitcoin