Michael Saylor: Bitcoin could reach $13 million in 2045! Will it surpass gold?

This site (120BtC.coM): The three-day 2024 Bitcoin Conference officially opened on the 25th in Nashville, Tennessee, USA. Michael Saylor, founder of MicroStrategy, the Bitcoin currency holder among listed companies in the United States, , made a super bullish speech on Bitcoin earlier, triggering heated discussions in the community.

The most loyal believer in Bitcoin predicts that with the growth of global Bitcoin adoption rate, Bitcoin will reach a basic price level of US$13 million per coin by 2045, accounting for 7% of global wealth, which translates into the remaining The average annual growth in the next 21 years will be nearly 30%.

More bold predictions, Saylor believes that if there is a bull market in 2045, the value of Bitcoin may be as high as $49 million, accounting for 22% of global wealth.

Bitcoin surpasses gold?

If Bitcoin is calculated at US$13 million, the market value in 2045 will reach US$280 trillion, eclipsing gold, which currently ranks first in asset market value, and 17.5 times higher than its current market value of US$16 trillion.

Although Saylor did not predict what the market value of gold will be at that time, Bitcoin is expected to become the asset with the highest market value in the world by then.

Global Ranking data shows that Bitcoin is now the 9th largest asset in the world by market capitalization, lower than gold, silver, and some of the largest technology stocks

Bitcoin outlasts physical assets and is the solution to global economic woes

According to reports from Dycrypt and Cointelegraph, Saylor also said in his speech that Bitcoin may have a longer "life" than physical assets.

He believes that the global economy is in trouble because we rely on imperfect assets and imperfect systems to store capital. To him, all physical assets, from stocks and bonds to Ferraris and Miami Beach real estate, are subject to the laws of thermodynamics like entropy, and none of these assets have a very long useful life

“Entropy is diluting the value of physical assets. It's sucking away their capital and energy. Bitcoin is immortal, immutable, and immaterial, and it's the solution to our economic woes. Cryptocurrencies are not in the physical world and have an infinite lifespan."

Saylor believes that the useful life of Bitcoin held by a custodian may be about 1,000 years, and the life of self-custody Bitcoin may be 10,000 years. And Bitcoin hosted by AI could last 100,000 years, he said.

The United States should own most of the world’s BTC

At the same time, Saylor also called on the US government to hold most of the world’s Bitcoins, believing that this will enhance the strength of the US dollar. He believes that Bitcoin is an important asset of the future.

“America must focus on the future, and the future of America is in cyberspace, and Bitcoin is essentially cyber Manhattan. So, the way you support the dollar is to buy Manhattan with pieces of paper and trinkets, and when it’s worth hundreds of billions Buy it before the dollar, just like the Dutch bought New York with $50 worth of plastic beads. The US owns most of the world’s gold, and the US government should own most of the world’s Bitcoin.”

Bitcoin once exceeded US$68,000 this morning

Saylor is believed to own more than US$1 billion worth of Bitcoins, and MicroStrategy became the listed company holding the most Bitcoins, which also drove the stock price to soar. MicroStrategy currently owns approximately 226,331 Bitcoins. Bitcoin, worth over $15.3 billion.

Perhaps influenced by the optimistic remarks of many big names at the Bitcoin Conference, it once exceeded $68,218 this morning. At the time of writing, it has slightly pulled back to $67,676, up about 1.9% in the past 24 hours.

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