Michael Saylor, a well-known crypto investor and executive chairman of MicroStrategy, a U.S.-based business intelligence company, has stated that Bitcoin could reach $13 million by 2045.
Saylor never shies away from making bold BTC price predictions. While his short-term accuracy isn’t always reliable, his bullish Bitcoin projections have proven accurate over the long term on several occasions.
In an interview with CNBC this morning, Saylor discussed his outlook on Bitcoin and the broader crypto markets over the next 20 years.
Speaking about MicroStrategy’s Bitcoin investments, Saylor mentioned that the company holds over $8 billion in Bitcoin. However, he did not disclose his personal Bitcoin holdings.
“Since August 10, 2020, MicroStrategy has purchased about $8.3 billion worth of Bitcoin, and Bitcoin’s price has risen 44% annually since then. S&P is up 12%. Overall, our investments in Bitcoin have grown 825%,” he explained.
Comparing Bitcoin investments to traditional stocks, Saylor noted that the top-performing stock in the S&P 500 index has grown by 821% during the same period. He claimed that his Bitcoin strategy outperformed even the highest-performing stock.
Commenting on how Bitcoin ETFs have impacted the price of Bitcoin, Saylor said that it has been a “good thing.” He went on to explain how Bitcoin is one of the most “liquid fungible asset” on the capital market and selling them when there’s short-term panic is not the way to invest in Bitcoin.
Saylor has long been a Bitcoin bull, advocating a “buy the dips” strategy for the leading cryptocurrency. Even last week, when Bitcoin was struggling below $58k, Saylor expressed his support for Bitcoin on X.
Another major bullish Bitcoin prediction of the day came from Bernstein, which suggested that Bitcoin could reach $90k by the end of 2024 if Donald Trump is elected as the next U.S. president in the November elections.
Bitcoin’s Up 5% In The Last 24 Hours
Bitcoin has surged over 5% in the past 24 hours and is currently trading slightly above the $57k support level. After a significant 3% drop last Friday, BTC briefly fell below $54k.
However, it quickly rebounded, crossing $55k by Monday morning. On the daily chart, Bitcoin has shown strong upward momentum over the last six hours.
If Bitcoin breaks the $59k resistance, we could see a strong reversal, with Bitcoin aiming for $63k, the level where it faced sharp rejection earlier this month.
