Jakarta, Pintu News – Michael Saylor, Executive Chairman of Strategy (formerly MicroStrategy), has reiterated his highly optimistic view on Bitcoin , predicting a 12,328% price increase by 2045.
In his latest interview on CNBC’s Squawk Box, Saylor updated his views on the future of Bitcoin (BTC), proposing that the cryptocurrency could reach $13 million per coin by 2045.
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At the Bitcoin 2024 Conference in Nashville, Michael Saylor first put forward his predictions about Bitcoin (BTC) that have since evolved. Initially, he predicted an average annual growth of 29%, which would push the price of Bitcoin (BTC) up to $13 million by 2045.
However, Saylor’s confidence in Bitcoin (BTC) is growing, and he now estimates an annualized return of 40%, which would reach his $13 million target sooner than expected. Bitcoin (BTC)’s institutional adoption, potential regulatory improvements, and limited supply are the main drivers of Saylor’s optimism.
Increased adoption by institutions is believed by Saylor to play a big role in determining the value of Bitcoin (BTC). He states that more and more public companies are getting involved with adding Bitcoin (BTC) and this trend is getting stronger
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Bitcoin ETFs have also helped increase the cryptocurrency’s popularity and demand. Currently, Bitcoin ETFs have raised $44.29 billion in investments and manage $122.98 billion in assets.
Saylor believes institutional investors, including pension funds and foundations, are starting to treat Bitcoin (BTC) as a store of value. Institutions’ heavy involvement with Bitcoin (BTC) is helping the cryptocurrency make its way into the mainstream financial system.
He discussed the importance of the US recognizing Bitcoin (BTC) as a leading digital currency amid new rules that allow banks in the country to hold Bitcoin (BTC). As a result of these developments, it has become easier for institutions to start investing in Bitcoin (BTC).
Michael Saylor points to Bitcoin’s (BTC) limited supply as another key reason for his bullish forecast. With only around 450 Bitcoin (BTC) available for sale every day, supply is limited.
According to Saylor, this daily supply is quickly absorbed by Bitcoin cash companies and ETFs, which significantly impacts the price. Strategy, led by Saylor, continues to buy Bitcoin (BTC) and increase its leadership as the top holder among companies.
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The organization has just stated that it intends to raise nearly $1 billion through an initial public offering of preferred shares. The funds raised in this sale will be allocated to the company’s needs, including acquiring more Bitcoin (BTC).
This move confirms Strategy’s belief that Bitcoin’s (BTC) value will increase in the long run and reflects Saylor’s bullish opinion.
Another institutional investor joins Strategy in making a big move in the Bitcoin (BTC) market. Japanese investment firm Metaplanet has announced plans for a $5.4 billion equity financing that includes the purchase of more Bitcoin (BTC).
Metaplanet issued 5.55 billion new shares using floating strike price warrants, capitalizing on market interest in the company and its volatile stock. Although the price of Bitcoin (BTC) has stabilized below $105,000, Saylor remains very positive about it.
However, during this temporary volatility, Bitcoin (BTC) remained strong, as the amount of Bitcoin (BTC) on exchanges fell to a seven-year low, meaning many institutional buyers are still interested.
With all of these factors in mind, Michael Saylor’s prediction about the future of Bitcoin (BTC) is not just based on speculation, but also an in-depth analysis of current trends and potential future growth. If this prediction materializes, it will be one of the most dramatic asset price increases in modern financial history.
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