- Saylor predicts BTC could reach a value between $3M to $49M per coin by 2045
- Microstrategy’s CEO shares BTC strategies for individuals, firms, and nations
MicroStrategy’s Chairman and CEO, Michael Saylor, remains highly optimistic about Bitcoin [BTC]. During his keynote address at the Bitcoin 2024 conference in Nashville, Tennessee, Saylor projected that BTC could potentially reach $13 million per coin by 2045 in a base case scenario.
“BTC will gradually decelerate until it’s growing about twice as fast as the S&P Index. At that rate, Bitcoin could hit $13 million a coin in 2045. It could be a $3M bear case or a $49M bull case.”
Source: Michael Saylor
Saylor’s latest bullish projection aligns with his previous forecasts, emphasizing a price target range of $5M—$10M per BTC. He believes that there is still significant room for growth as BTC currently represents less than 1% of global wealth.
Saylor’s Bitcoin Strategies for Individuals, Firms, and Nations
To leverage the long-term value of Bitcoin, Saylor recommends individuals to make BTC their primary treasury asset and convert excess earnings into BTC. However, he advises against quitting jobs or over-trading.
“Make BTC your primary treasury asset and convert excess earnings into BTC.”
For firms, Saylor suggests converting long-term capital and cash flow into BTC, issuing debt or equity to acquire more BTC, and avoiding wasteful spending on stock buybacks or dividends. Several companies have already adopted MicroStrategy’s Bitcoin corporate strategy, with notable success stories.
On a national level, Saylor recommends reallocating from Gold/bonds to BTC, avoiding hostile policies towards the sector, issuing currency and sovereign debt to buy BTC, and integrating the digital asset with the banking sector.
The Bitcoin 2024 conference has been viewed as a bullish catalyst, with the options market anticipating an upside following key events.
“The options desk saw huge topside positioning by big funds for 2 Aug expiry throughout the week, in anticipation of a breakout move by Trump as well as dovish FOMC next Tuesday.”