Michael Saylor's forecast: Bitcoin will reach $13 million in 21 years, accounting for 7% of global wealth

Michael Saylor, Chairman of MicroStrategy, continues to advocate for an extremely optimistic outlook on the future of cryptocurrencies. At the Bitcoin 2024 conference in Nashville, the influential investor presented a detailed forecast suggesting that Bitcoin could reach $13 million per coin by 2045. According to his calculations, such growth is achievable within 21 years and will be accompanied by a significant increase in Bitcoin’s share of the global economy.

Saylor emphasized that the current market capitalization of Bitcoin at a price of around $68,400 is approximately $1.37 trillion, which accounts for only 0.1% of the world’s total wealth. This means that the largest cryptocurrency has a long way to go to occupy a more substantial position in the global financial system.

Three Bitcoin Price Development Scenarios According to Michael Saylor

Michael Saylor’s forecast is not just a simple guess — it is based on mathematical analysis considering various growth scenarios. In his baseline scenario, which he considers most likely, Bitcoin should demonstrate an annual return rate of 29% over 21 years.

Under these conditions, Bitcoin’s market cap would reach $280 trillion, and the cryptocurrency would constitute exactly 7% of the world’s total wealth. This would be a revolutionary shift in the perception of Bitcoin as an asset and its role in institutional portfolios.

In addition to the baseline scenario, Saylor presented alternative forecasts. In a more optimistic development, Bitcoin’s price could reach $49 million per coin, representing 22% of global wealth — effectively creating a parallel global reserve currency. Conversely, in a conservative scenario, the price would be around $3 million per coin, accounting for 2% of the world’s wealth. Even in this case, it would be a 40-fold increase from current levels.

MicroStrategy: Demonstrating Saylor’s Confidence in Bitcoin

Saylor’s words are backed by concrete actions. His company, MicroStrategy, has accumulated over 226,000 bitcoins over the past four years, creating one of the largest corporate crypto holdings. Currently, this position is valued at approximately $15 billion, meaning MicroStrategy has gained roughly 80% more than the total amount spent on acquisitions.

This large-scale investment strategy serves as a clear testament to how seriously Michael Saylor takes his forecasts. MicroStrategy has essentially become an investment vehicle for gaining exposure to Bitcoin, attracting investors who see potential in the cryptocurrency’s growth.

Market Reality and Current Challenges for Bitcoin

Despite ambitious forecasts, the current market situation remains unstable. Bitcoin temporarily approached the $70,000 mark but retreated to $68,300, indicating ongoing selling pressure at the key resistance level. This pullback highlights that the path to Saylor’s target prices will not be smooth.

Alternative cryptocurrencies, including Ethereum, Solana, Cardano, and Dogecoin, have recently outperformed Bitcoin significantly in percentage terms, demonstrating renewed risk appetite among traders. However, analysts point out numerous risks that could hinder reaching these target levels.

Risks on the Road to Bitcoin’s Target Value

Despite long-term optimism, experts warn of serious obstacles. Macroeconomic instability, which could follow various geopolitical events, remains the main threat. Additionally, the recent stagnation in stablecoin supply may limit liquidity inflows into the crypto markets.

A particularly concerning scenario is a potential drop in Bitcoin below $60,000, which could trigger cascade liquidations and multiple sell-offs. In the short- and medium-term, forecasts remain uncertain, although Saylor’s long-term outlook may prove justified.

For comparison, VanEck has also issued its own forecast, suggesting Bitcoin could reach $2.9 million by 2050, though this estimate requires meeting several additional conditions. Thus, Michael Saylor’s vision remains one of the most ambitious but also one of the most substantiated forecasts in the industry.