Michael Saylor’s Bold 21-Year Bitcoin Price Predictions
American Billionaire Michael Saylor Predicts Bitcoin Price to Reach $49 Million by 2045
The price of Bitcoin has recently dipped below $68,000, but popular American billionaire and Bitcoin advocate Michael Saylor is not deterred. In a bold prediction, Saylor has projected that the premier cryptocurrency could reach a staggering $49 million per unit by the year 2045.
Saylor’s Price Predictions
In a recent post, Saylor outlined three possible scenarios for Bitcoin’s price in 2045. In the most bearish scenario, he believes Bitcoin will reach $3 million, representing a market cap of $68 trillion. In the base scenario, Saylor predicts a price of $13 million, with a market cap of $280 trillion. And in the most bullish scenario, he envisions Bitcoin trading at $49 million, with a market cap of $1.030 trillion.
These bold predictions come at a time when positive sentiments are overflowing in the crypto market. Notably, US Republican Presidential candidate Donald Trump has expressed his support for the crypto industry, with plans to make the US a “Bitcoin superpower” if elected. Additionally, the potential rise in the adoption of Bitcoin spot ETFs and the participation of traditional finance giants in the market could lead to significant gains for Bitcoin in the coming years.
Current BTC Price Overview
At the time of writing, Bitcoin is trading at $67,222, reflecting a slight loss in the last day but a 10.12% increase on the monthly chart. The next major price resistance for BTC is at $71,000, with a potential retest at $65,000 if it fails to break through this level.
With Michael Saylor’s bold predictions and positive market sentiments, the future of Bitcoin looks promising as it aims to recover from recent price dips.
Sources: Michael Saylor, Forbes, Tradingview
