In a recent tweet, Michael Saylor, co-founder and chairman of MicroStrategy, made a bold prediction about Bitcoin (BTC). Saylor stated, “$13 million is the Bitcoin Base Case.”
Long-Term Bitcoin Price Forecast
Saylor shared a graphic with his tweet, depicting Bitcoin’s price forecast over the next 21 years. The graphic compared Bitcoin’s price in 2024 with estimates for 2045.
Currently, Bitcoin is estimated at $65,000 with a market capitalization of $1.3 trillion. By 2045, Saylor’s base case scenario predicts Bitcoin will reach $13 million. The bear case projects $3 million, while the bull case forecasts an astounding $49 million.
Market Capitalization Predictions
In these scenarios, Bitcoin’s market capitalization is expected to vary significantly. The bear case scenario predicts a market cap of $68 trillion. The base case estimates $280 trillion, and the bull case projects a staggering $1,030 trillion.
Saylor’s Conviction in Bitcoin
At a recent Bitcoin conference, Saylor impressed the crypto community with data supporting his bold prediction. He believes Bitcoin’s qualities as digital capital could push its price beyond $13 million per coin by 2045 as adoption grows. Saylor, a staunch Bitcoin supporter, began investing in it in 2020 as an inflation hedge and cash alternative.
MicroStrategy’s Bitcoin Holdings
MicroStrategy, under Saylor’s leadership, is one of the largest public Bitcoin holders globally. As of June 20, the company held 226,331 BTC, purchased for approximately $8.33 billion at an average price of $36,798 per BTC.
Other Bitcoin Price Predictions
Recently, asset manager VanEck also made a striking Bitcoin price prediction. VanEck estimated that BTC could reach $2.9 million by 2050, provided certain obstacles are overcome. The firm also suggested Bitcoin could handle 10% of international trade and 5% of domestic trade by 2050, with central banks using it as a reserve asset.
Short-Term Sentiment Remains Optimistic
Despite long-term predictions, the short-term sentiment for Bitcoin remains cautiously optimistic. According to Santiment, Bitcoin’s recent price rebound has shifted trader sentiment to levels not seen in 16 months. “Bitcoin’s +20% 3-week price rally has left traders feeling a whole lot more bullish than they were at the beginning of the month,” Santiment noted.
