Michael Saylor Predicts Bitcoin (BTC) Will Hit $13 Million by 2045

In a recent tweet, Michael Saylor, the co-founder and chairman of MicroStrategy, issued a bold price prediction for Bitcoin (BTC). Saylor wrote that "$13 million is the Bitcoin Base Case."

MicroStrategy co-founder and chairman Michael Saylor (NYSE:MSTR) took to Twitter recently to share his bold price prediction for Bitcoin (CRYPTO: BTC).

" $13 million is the #Bitcoin Base Case," wrote Saylor.

The MicroStrategy chairman posted a graphic alongside his tweet that showed a 21-year price projection for BTC. The graphic compared the 2024 price of Bitcoin to estimates for the year 2045.

At an estimated current price of $65,000 and a market capitalization of $1.3 trillion, the base case scenario price for Bitcoin was predicted to be $13 million in 2045, with a $3 million bear case and $49 million in a bull case.

In a bear case scenario, Bitcoin market capitalization is expected to reach $68 trillion; $280 trillion in a base case; and $1,030 trillion in a bull case.

At the recent Bitcoin conference, Saylor had also shared interesting data to back his prediction that Bitcoin’s digital capital properties could propel BTC to cross $13 million per coin by 2045, as adoption matures.

Saylor, a known Bitcoin maximalist, began buying BTC in 2020 as an inflation hedge and cash alternative.

His company, MicroStrategy, is among the world's largest public Bitcoin holders. As of June 20, it owned a total of 226,331 BTC, purchased for around $8.33 billion at an average price of $36,798.

BTC Price PredictionsIn the past week, asset manager VanEck, an issuer of spot Bitcoin and Ethereum (CRYPTO: ETH) ETFs, also made waves in the cryptoverse with its astronomical Bitcoin price prediction.

VanEck predicted that BTC’s price could reach $2.9 million by 2050 if some key hurdles are cleared. The asset manager also predicted that Bitcoin could settle 10% of international trade and 5% of domestic trade gains by 2050, with central banks also holding it as a reserve asset.

Meanwhile, short-term sentiment remained bullish yet cautious. According to Santiment, Bitcoin’s recent price rebound shifted traders’ 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," wrote Santiment.

Bitcoin price was down 0.83% in the past 24 hours to $67,489 at press time, according to CoinMarketCap data.

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