#BinanceAlpha$1.7MReward
Michael Saylor expects the price of Bitcoin to reach 13 million dollars in 20 years
Tech entrepreneur Michael Saylor, co-founder of "MicroStrategy", predicts that the value of the digital currency Bitcoin will reach 13 million dollars per unit over the next twenty years, with an increasing shift in global wealth distribution towards digital assets.
Saylor bases his predictions on Bitcoin's property of limited supply, which makes it susceptible to significant value increases over time. He stated that about 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 current price of Bitcoin is around 104 thousand dollars, near its historical highs.
"MicroStrategy" is the largest institutional owner of Bitcoin, holding over 570 thousand 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 dollars, while the optimistic scenario estimates the price at 49 million dollars, emphasizing that the amount of wealth that will flow into the currency is the key factor in determining the final price
