Bitcoin - the world's first cryptocurrency, launched in 2009 - still maintains its leading position with a price increase of over 20,000% since 2014. Although the cryptocurrency market is highly volatile, many experts and famous investors still trust in Bitcoin's future. One of them is Michael Saylor, the CEO of the Bitcoin resource management firm - Strategy.

Michael Saylor's 'incredible' forecast: Could Bitcoin reach a price of 21 million USD?

Recently, Saylor predicted that the price of Bitcoin could reach around 21 million USD within the next 21 years. With the current price approximately 118,000 USD, this implies a growth potential of over 17,696%. Strategy - the company he leads - currently owns 628,791 Bitcoin, accounting for 3% of the total Bitcoin supply that will exist in the market.

Although this is an impressive forecast, is it feasible?

Why is this goal considered too radical?

To better understand, let’s look at some real numbers:

The current market capitalization of Bitcoin is approximately 2.44 trillion USD.

If it increases by an additional 10,000% (100 times), the market capitalization of Bitcoin will reach 250 trillion USD.

Meanwhile, the total global money supply from major central banks is currently around 95 trillion USD and is expected to rise to about 380 trillion USD over the next 20 years.

Therefore, the scenario where Bitcoin captures 65% of the total global money supply is nearly impossible, especially when the USD continues to hold its role as the global reserve currency and gold - the traditional safe-haven asset - currently accounts for only about 22.68 trillion USD.

So does Bitcoin still have growth potential?

The answer is yes. Although it is difficult to reach 21 million USD, Bitcoin still has sustainable growth drivers:

Considered an anti-inflation asset: Many investors liken Bitcoin to 'digital gold', preserving value against the decline of fiat currency.

Increasing acceptance from institutions and governments:

Some businesses have started to hold Bitcoin on their balance sheets.

Bitcoin investment funds have been widely launched, attracting significant capital flows.

The U.S. has announced plans to establish a strategic Bitcoin reserve, enhancing BTC's position in the global financial landscape.

The expansionary fiscal policy of developed countries: Public debt and budget deficits could lead to a continued decline of the USD, thereby supporting the long-term value of Bitcoin.

Smart Investment Strategy with Bitcoin

Bitcoin has repeatedly experienced a decline of 30%-60% after strong rallies, and this scenario may continue to occur. Therefore, the dollar-cost averaging (DCA) strategy is considered a reasonable approach:

Investing a fixed amount regularly, regardless of market prices, helps minimize the risk of 'buying the peak'.

Diversifying the portfolio: Combining Bitcoin with stocks and other assets to balance risk.

Conclusion

Bitcoin may not achieve Michael Saylor's 'superlative' forecast, but that does not diminish its long-term growth potential. In the context of inflation, rising public debt, and widespread acceptance from institutions, Bitcoin remains an asset worth considering for long-term investors, as long as you know how to manage risk and be patient with this game.

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