Michael Saylor, executive chairman of MicroStrategy, predicts that Bitcoin will capture 7% of global capital in the future and outperform other assets. Saylor expects the price of Bitcoin to increase by 70 times due to adoption, reaching $3.85 million per coin soon. He attributes Bitcoin's exponential price growth to its technological superiority and high yearly returns. Saylor also highlights MicroStrategy's successful leveraged Bitcoin strategy, which has yielded 825% on the company's capital. He believes that recent outflows from BTC ETFs will increase investor demand. Saylor argues that long-term holders of Bitcoin will outperform traders focused on short-term price movements. He predicts that Bitcoin will trade at $13 million per coin within 21 years and surpass 13% of global capital before 2050.
- Content Editor ( crypto.news )
- 2024-09-09
Bitcoin to reach $13m in 21 years, Michael Saylor predicts