The price of the leading cryptocurrency is projected to hit $13 million by 2045, according to MicroStrategy founder Michael Saylor during his speech at the annual Bitcoin 2024 conference in Nashville, reports Cointelegraph.
He noted that with Bitcoin’s current price around $65,000, its market capitalization stands at $1.3 trillion—merely 0.1% of global wealth. With an annual return of approximately 29%, digital gold is expected to reach $280 trillion and 7% of global wealth by 2045.
Saylor provided an average forecast. In his view, the bullish scenario sees Bitcoin at $49 million and 22% of global wealth, while the bearish scenario predicts $3 million and 2%, respectively.
The MicroStrategy founder urged the conference audience to become Bitcoin maximalists: to buy the leading cryptocurrency, convert all their assets into it, and move to a low-tax jurisdiction to invest the saved funds in digital gold.
Saylor explained that all physical capital—from stocks and bonds to cars and real estate—follows the laws of thermodynamics, including entropy, the tendency of energy to dissipate over time.
“Entropy dilutes the value of physical assets. It drains capital from them, energy from it. […] Bitcoin is immortal, immutable, and intangible. […] And it is the solution to our economic dilemma,” he stated.
Saylor asserted that the leading cryptocurrency is an exception to the rule, as it “does not exist in the physical world” and possesses “infinite lifespan.”
Previously, the MicroStrategy founder expressed confidence in Bitcoin’s ability to reach $10 million, supported by China and other factors. He described the asset as “perfect.”
In July, Saylor urged Germany not to sell digital gold.