Key Takeaways
- Michael Saylor predicted in 2020 that the price of Bitcoin will be $13 million by 2045.
- During a recent interview, the Strategy CEO said he believes BTC is the future of money, given the number of products being developed around it.
- If Saylor’s prediction comes true and BTC hits $13 million, a person holding 0.01 Bitcoin today for $9k would be valued at $130k.
Michael Saylor, the man who predicted the price of Bitcoin could reach $13 million by 2045, remains optimistic about BTC. He now says BTC is the future of money and will eventually outperform everything else.
The Strategy CEO was speaking on Diane Brady’s talk on the migration to digital capital, where he mentioned that with so many investment products building around the flagship cryptocurrency, BTC was clearly the future of money. Saylor believes that by 2045, Bitcoin, which is trading at slightly lower than $90,000 for the first time in five months, will have hit the $13 million mark.
Strategize on the Bitcoin Dream
While the prediction may sound wildly speculative, the man making the prediction believes in crypto, so he has bet his entire company on BTC, pushing his erstwhile poor stock price by over 2,000% since 2020. At the beginning of his Bitcoin experiment, Michael Saylor bought Bitcoin as a hedge against inflation. However, Saylor now calls BTC the “most popular, useful, global, digital, interesting, and fastest-growing asset there is.”
Michael Saylor was the co-founder and CEO of MicroStrategy from 1989 to 2020 but recently rebranded the software company to Strategy, highlighting his intention to strategize on the Bitcoin dream. Since beginning his Bitcoin buying strategy, the company owns at least 499,096 Bitcoins worth over $46.6 billion and is the largest recorded institutional BTC holder. The number will likely shift soon since Saylor has already said they plan to spend a further $2 billion acquiring more Bitcoin.
While that can be said of any asset class, what’s different about Bitcoin is that it has no legislated or intrinsic value and no backing by a central bank or financial institution. That makes it speculative for many investors and a fan favorite among ransomware gangs—and others with a massive appetite for risk. Speaking at a fireside chat in Miami last week, Saylor stated:
“Bitcoin outperforms everything […] we’re a Bitcoin treasury company.”
Once in 5,000 Years
The firm Michael Saylor oversees has morphed from a data analytics company, MicroStrategy, to Strategy, a company selling shares and debt to accumulate more and more Bitcoin. Data shows that Saylor has a 10% stake in the company and at least $2 billion in BTC. While many critics still don’t believe in the Bitcoin dream, Saylor continues betting on the digital migration, where Bitcoin takes a leading position. Saying that the migration has only begun, Saylor recently stated:
“It’s only once in 5,000 years that you create perfect money using technology.”
Conclusion
Along with other companies like Blackrock and Coinbase, Strategy has emerged as one of the most influential corporate players within the cryptocurrency sector due to its vast Bitcoin holdings. If BTC hits $13 million, a person holding 0.01 Bitcoin today for $9k would be valued at $130k.
