Michael Saylor, co-founder of MicroStrategy, made a bold prediction at the Bitcoin 2024 conference on July 26. He believes Bitcoin could reach $13 million per coin by 2045. This forecast is an increase from his previous estimate of $10 million in June.
Saylor outlined various scenarios for Bitcoin’s future value. He said the base case is $13 million, but it could be as low as $3 million in a bear case or as high as $49 million in a bull case. Saylor encouraged attendees to become strong supporters of Bitcoin, suggesting a “triple maxi” stance.
Michael Saylor Advises On Radical Investment Strategy
Saylor advised a radical investment strategy: using assets like a house to buy Bitcoin, converting all assets into Bitcoin, and moving to a tax-friendly jurisdiction. He claimed that following this strategy could lead to a net worth of around $214 million. Saylor recommended this approach not only for individuals but also for corporations and governments.
Saylor argued that physical assets, like stocks, bonds, and real estate, lose value over time due to entropy, a concept from thermodynamics. He noted that even long-lasting physical assets, like the UK’s Crown Estate, might only maintain their value for up to 75 years.
The Unique Nature of Bitcoin
In contrast, Saylor described Bitcoin as “immortal, immutable, and immaterial,” with an “infinite lifespan.” He sees Bitcoin as a solution to economic challenges because it is not tied to the physical world and therefore isn’t subject to the same degradation as other assets.
MicroStrategy is one of the largest public holders of Bitcoin. As of June 20, the company held 226,331 BTC, purchased for approximately $8.33 billion at an average price of $36,798 per coin.
