MicroStrategy founder predicts the growth of BTC to $13 million by 2045

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What’s new? The founder of the analytics software developer MicroStrategy, which is the largest holder of the first cryptocurrency among publicly traded firms, voiced a new prediction regarding the movement of the BTC rate. Speaking at the Bitcoin 2024 conference in Nashville, Michael Saylor said the value of the asset will reach $13 million by 2045.

Material by Cointelegraph

What else is known? The mark of $13 million per coin, according to Saylor, is a baseline. The entrepreneur’s bearish prediction assumes the growth of BTC to $3 million, bullish, up to $49 million.

According to Saylor, all physical capital, from stocks and bonds to cars and real estate, is subject to the law of entropy, which reduces their value over time. In turn, bitcoin, being immaterial and immutable, has an infinite lifespan, the businessman believes.

MicroStrategy holds 226 331 BTC in its accounts, which were purchased for $8,33 billion at an average price of $36 798 per coin. Considering the current exchange rate of the asset, the company’s unrealized profit from its BTC investment is $7,35 billion. MicroStrategy has been regularly investing in bitcoin for the past three years.

Metaplanet and Semler Scientific have recently followed suit, which management reports have allowed the companies to emerge from a “zombie” state — where earnings are only enough to sustain operations and service debt. Investing in BTC has caused their share prices to skyrocket, and the companies have excess capital to fuel growth.

During his speech at the bitcoin conference, Saylor noted that people are already buying houses with bitcoins, transferring all assets into BTC, and moving to low-tax jurisdictions, which allows for additional capital to be invested in the asset.

He also recommended that corporations and states adopt MicroStrategy’s strategy of investing and holding bitcoins for the long term.

Акции MicroStrategy торгуются под тикером MSTR на Nasdaq по $1775, за сутки прибавив 1,56%. Рост с начала года составил 158%.

MicroStrategy shares are trading under the ticker MSTR on the Nasdaq at $1775, having added 1,56% overnight. Year-to-date growth has totaled 158%.

Earlier this month, the company announced the splitting of Class A and B common shares (10 to 1) to make them more accessible to investors and employees. The split will be held by August 8th.