Michael Saylor, the co-founder of MicroStrategy, has made bold predictions about Bitcoin’s future. He believes the cryptocurrency could reach $13 million per token by 2045 and its market cap could surge to $200 trillion, pushing the price per token close to $10 million. Saylor’s optimism stems from recent geopolitical moves.
President Donald Trump announced an executive order directing the U.S. Treasury Secretary to hold onto the federal government’s Bitcoin holdings and find ways to acquire more without adding to the fiscal deficit. Saylor believes this move could set off a chain reaction, inviting global banks and institutions to embrace Bitcoin more fully. Major U.S. banks like Morgan Stanley and JPMorgan Chase have started letting clients purchase Bitcoin, indicating a shift towards mainstream acceptance.
Bitcoin is increasingly seen as a form of digital gold with a finite supply of 21 million tokens.
MicroStrategy’s bold Bitcoin bet
As concerns about the U.S. government’s fiscal situation grow, Bitcoin and other potential inflation-hedging assets have soared.
With the government running a fiscal deficit of over $1.8 trillion in fiscal 2024 and accumulating more than $36 trillion in total debt, Bitcoin could continue to gain traction as an alternative asset. While Saylor’s sky-high price targets for Bitcoin may seem speculative, the cryptocurrency’s potential for growth is undeniable. Investors looking to hedge against fiscal instability may find Bitcoin an attractive option.
However, the long-term price target for Bitcoin remains uncertain, making it essential for investors to approach with caution. Saylor’s unwavering faith in Bitcoin has positioned MicroStrategy as a significant player in the cryptocurrency space. While the future price of Bitcoin is difficult to predict, its role as a potential hedge against economic instability makes it a compelling investment for those with a high-risk tolerance.
