1 Unstoppable Cryptocurrency to Buy Before It Soars 12,280%, According to MicroStrategy's Michael Saylor

Key Points

MicroStrategy's Michael Saylor thinks Bitcoin has the potential to reshape the entire global financial system.

Saylor predicts that one Bitcoin could trade for $1 million in a decade from now, and then for a whopping $13 million by 2045.

There are some issues with Saylor's forecasts, but that doesn't mean Bitcoin is a terrible investment.

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Bitcoin (BTC -0.18%) has a market capitalization of $2.1 trillion, making it the world's largest cryptocurrency by a wide margin. In fact, it accounts for more than half of the value of all coins and tokens in circulation, which stands at $3.4 trillion as of this writing (June 14).

A single Bitcoin currently trades for $105,000, but in an interview with Bloomberg last week, MicroStrategy (MSTR -1.45%) co-founder Michael Saylor said $1 million might be in the cards in the next 10 years. While that sounds ambitious, it isn't even his most bullish prediction. He also maintains a long-term forecast that suggests the cryptocurrency could reach $13 million by the year 2045.

If Saylor is right, investors who buy Bitcoin today could earn a staggering 12,280% return over the next 20 years. But how realistic is his target?#PowellRemarks #IsraelIranConflict #FOMCMeeting $BTC $WCT