Speaking at the Bitcoin conference, MicroStrategy founder Michael Saylor said that as adoption grows, bitcoin's characteristics as digital capital could see the price of each bitcoin exceed $13 million by 2045.
"By 2045, the price of bitcoin will be $13 million per coin," he said. "In a bear market, it could be $3 million. But in a bull market, it could be $49 million."
Mr. Saylor often cites MicroStrategy's share price as evidence of its success. So far this year it has risen 155 per cent to around $1,750, peaking at $1,919 in March. "We've been on this path for 48 months by August 10," he says. "A lot of companies are trying to copy Nvidia, the chipmaker, but interestingly, it's easier to do MicroStrategy, and I've given you the script."
Michael Saylor: Bitcoin could reach $13 million by 2045, $49 million in a bull market scenario
2024-07-26 22:23:04
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