Michael Saylor: Each Bitcoin May Reach $13 Million by 2045, Could Reach $49 Million in a Bullish Market Scenario
Micro Strategy founder Michael Saylor, speaking at the Bitcoin Conference, said that Bitcoin's characteristics as a digital capital could push the price of each Bitcoin over $13 million by 2045 as adoption grows. He said, "By 2045, the price of bitcoin will reach $13 million per coin. In a bear market scenario, the price of bitcoin could be $3 million. But in a bull market scenario, the price of bitcoin could reach $49 million." Saylor often cites Micro Strategy's stock price as evidence of its success. So far this year, the company's shares have risen 155 per cent to around $1,750, peaking at $1,919 in March. He says: "By 10 August this year, we'll have been on this path long enough for 48 months, and a lot of companies are trying to emulate chipmaker Nvidia at the moment, but interestingly, it's easier to emulate MicroStrategy, and I've given you the script for that."
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