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  • Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor
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Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor

cryptovert July 27, 2024 1 min read

It
will
surprise
approximately
no
one
that
Michael
Saylor
remains
wildly
bullish
on
Bitcoin

(BTC)

and
the
MicroStrategy
executive
chairman
didn’t
disappoint
on
Friday,
saying
he
sees
the
world’s
largest
crypto’s
price
rising
to
$13
million
by
2045
in
his
base
case
scenario.

Delivering
a
keynote
address
at
the
Bitcoin
2024
conference
in
Nashville,
Saylor
noted
that
at
bitcoin’s
current
price
around
$65,000,
it’s
got
a
market
cap
of
$1.3
trillion,
or
just
0.1%
of
all
global
wealth.

For
bitcoin
to
get
to
his
base
case
of
$13
million
in
2045,
said
Saylor,
would
require
an
annual
rate
of
return
of
29%.
At
that
level,
he
continued,
bitcoin
would
have
a
market
cap
of
$280
trillion
and
account
for
7%
of
global
wealth.

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