Michael Saylor Projects Bitcoin Market Cap to Reach $280 Trillion by 2045
The chairman of MicroStrategy, Michael Saylor, remains bullish that Bitcoin market capitalization will hit $280 trillion in the next twenty years.
As the US expect Donald Trump to attend the Bitcoin 2024 conference in Nashville, the key industry markers have converged at the event to discuss the future of crypto. On Friday, the chairman of MicroStrategy, Michael Saylor, confirmed that the success of the 2024 Bitcoin conference will ignite a bullish trend in the crypto market.
Michael Saylor Forecast BTC Market Cap to Hit $280T by 2045
The executive projected that macroeconomic stars were forming ground to propel Bitcoin to the moon. The executive envisaged that Bitcoin’s market cap would reach $280 trillion in 2045, outpacing gold and other assets.
If Bitcoin reaches the predicted figure, Saylor expects BTC to trade at $13 million daily. CoinMarketCap data shows that BTC trades slightly above $68,000, a 1.65% daily surge.
Therefore, if Saylor’s prediction materialises, BTC market capitalisation will increase by 280 times from its current value of $1.35 trillion.
Having been an active investor in crypto, Saylor is believed to own Bitcoin worth over $1 billion. From his vast experience, the 59-year-old American investor is expected to deliver a speech at the conference. His attendance at the event attracted over 8000 investors, eagerly waiting to hear from self-proclaimed Bitcoin thinkers.
Saylor’s active participation in the crypto ecosystem’s growth has crowned MicroStrategy as the most significant corporate holder of Bitcoin.
Bitcoin 2024 Attendees Project Crypto Bulls to Resurface
Earlier this month, Saylor confirmed attending the 2024 Bitcoin Conference to deliberate on the future of the crypto industry. The investors argued that the overreliance on imperfect assets and unstable financial system had created global economic challenges.
Saylor predicts that the orange asset, Bitcoin, will address the world’s economic challenges. He compared the features of different assets to those of Bitcoin and noted that assets such as government-backed debts to luxurious cars can not last.
Compared to other assets, Bitcoin exhibits digital capital and propels innovation, which is long-lasting. Citing macroeconomic factors such as war, famine, and natural calamities, Saylor noted that average assets depreciate over time.
Consecutively, the executive noted that entropy had diluted the value of physical assets. As the value of other assets depreciates, the crypto investor said that Bitcoin has emerged as a useful tool that will bring positive changes for the next 1000 years.
He projects that any improvement on Bitcoin custodial feature will make BTC to be impactful for 10,000 years. However, if Bitcoin custody is backed by emerging technologies such as artificial intelligence (AI), Saylor anticipates BTC to last over 100,000 years.
Saylor has remained optimistic that Bitcoin value will increase in double digits year over year. Despite market uncertainty, his predictions have inspired MicroStrategy to invest in acquiring Bitcoin as its corporate treasury.
Reviewing MicroStrategy BTC Journey
MicroStrategy began its Bitcoin journey in 2020, and its recent acquisition ranked 39 purchase. In June, the MicroStrategy team purchased 12,000 BTC, demonstrating its commitment to invest in crypto.
Saylor stated that MicroStrategy will commemorate its Bitcoin journey, which started on August 10, next month.
A recent publication shows that MicroStrategy owns $226,000 Bitcoin, valued at $15.3 billion in the currency market value. The co-founder of MicroStrategy believes that the Bitcoin treasury propelled the company stock price MSTR to rise.
As of press 01:54 (UTC), MSTR surged 9% to trade at $1752.71 daily. MSTR hit $1919 in March, representing a 155% surge to attain its all-time high.
The official describes the success of the company Bitcoin as an exciting journey that other companies should emulate. While other companies seek to outpace Nvidia, MicroStrategy seems to be taking the opposite route.
The success of MicroStrategy has encouraged other firms to invest in Bitcoin. Recently, the American clinical imaging solution OneMedNet confirmed that it owned Bitcoin worth $1.8 million generated from fees and payments made to the company.
Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.
