The asset’s price will soar approximately 12,900% from its current level, Saylor predicts
The price of Bitcoin (BTC-USD) will reach $13 million by the year 2045 and provide investors with an annual rate of return (ARR) of 29% over the next 21 years, according to MicroStrategy (NASDAQ:MSTR) Executive Chairman Michael Saylor.
Saylor, speaking in a recent interview with CNBC, expects Bitcoin’s volatility level to decrease along with its rate of returns for investors. However, even at a slower ARR, the crypto expert is bracing for the price of Bitcoin to soar approximately 12,900% from its current level.
With that in mind, Saylor warned of the potential opportunity costs for anyone staying on the sidelines of the Bitcoin bull run.
“[W]hat I tell everybody is every Bitcoin you don’t buy today is going to cost you $13 million in the future,” he added.
Analysis: Bitcoin in the spotlight
Saylor’s brash interview and predictions are not unusual for the MicroStrategy exec, who is known as a staunch Bitcoin bull. Yet, his latest forecast will undoubtedly be raising eyebrows during a time when Bitcoin flirts with the emotionally significant $100,000 price level.
From pro-crypto Donald Trump’s presidential election victory to the start of spot Bitcoin options trading, it’s been an exciting and eventful time for Bitcoin and crypto enthusiasts in 2024’s fourth quarter.
As a confluence of events precipitate Bitcoin’s ascent to $100,000, it’s not unexpected that cryptocurrency experts are offering up bullish predictions. However, Saylor’s prognostication that Bitcoin will hit $13 million by 2045 is notably far-reaching and optimistic.
With Bitcoin trading at $95,000 to $96,000 on Monday morning, Saylor anticipates much higher prices as Trump prepares to take office in January. Saylor also noted that pro-cryptocurrency Republicans will have a majority in Congress, stating, “I think that the red wave was incredibly bullish”.
