Jakarta, Pintu News – At the Digital Asset Summit conference, Michael Saylor, founder of MicroStrategy, shocked the crypto world with a prediction that the price of Bitcoin could reach $13 million – equivalent to Rp 212 billion (1 USD = Rp 16,258) – within the next 21 years. Although it sounds extreme, this opinion is based on BTC’s projected annual growth of 29% over two decades.
Michael Saylor doesn’t just talk, he acts. As Executive Chairman of MicroStrategy, he turned the software company into the world’s first Bitcoin treasury company, continuously buying BTC through stock and bond issues with the proceeds being fully spent on crypto assets.
By the end of 2024, MicroStrategy held about 423,650 BTC worth $42.4 billion, about 2% of the total BTC supply, with an average buy cost around $62,428 per BTC. This strategy creates a flywheel effect: the more BTC, the stock price rises, which makes it easier to access more funds to buy BTC.
Also Read: Ripple (XRP) Shakes Dollar’s Dominance in Global Markets, Will XRP Price Rise in the Near Future?
Why does Saylor believe in this coin price? According to him, the reaction to inflation, institutional adoption and fixed supply mechanisms mean BTC will grow by an average of ~29% per year over the next 21 years, thus reaching the $13 million target.
The concept: the supply is unchanged (21 million BTC), but global demand is rising sharply, as inflation brings down the value of fiat currencies. If BTC is growing 29% annually, Rp 212 billion per coin is not just a stretch of the imagination.
However, not everyone agrees. Some analysts consider the valuation of the company and Bitcoin to be between highly optimistic and speculative:
On the other hand, Saylor sees MicroStrategy as an ideal vehicle for institutional investors to gain Bitcoin exposure through the stock market, without directly buying the crypto asset. This is especially appealing to those who are not allowed to hold digital assets outright.
Jack Dorsey and other thinkers are also considering BTC’s role as “digital gold” and a hedge against inflation, a deviation from traditional banking flows.
Michael Saylor’s prediction of $13 million per Bitcoin in the long term is intriguing, but it relies heavily on annual growth of ~29%, continued global recognition and adoption, and crypto market stability. While theoretically ideal, macroeconomic and regulatory challenges could alter the course of this prediction. Investors should weigh great potential against high risk.
Also Read: Big Companies Investing in Bitcoin, a Sign of Long-Term Adoption?
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.
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