Tech entrepreneur Michael Saylor, co-founder of 'MicroStrategy', predicts that the value of the digital currency Bitcoin could reach $13 million per unit over the next twenty years, with an increasing shift in the distribution of global wealth towards digital assets.
Saylor bases his predictions on Bitcoin's property of having a limited supply, which makes it susceptible to significant increases in value over time. He stated that around 7% of the world's wealth could be allocated to Bitcoin by 2045 compared to less than 0.5% currently.
This implies a projected compound annual growth rate of about 27%, outperforming most traditional asset classes. The price of Bitcoin is currently around $104,000, close to its all-time highs.
MicroStrategy is considered the largest institutional owner of Bitcoin, holding over 570,000 units, after adopting a strategy to invest in the digital currency and raising capital from financial markets to fund its purchases.
Saylor noted that the pessimistic scenario expects the price of Bitcoin to reach $3 million, while the optimistic scenario estimates the price at $49 million, emphasizing that the amount of wealth directed towards the currency is the main factor in determining the final price$BTC
