Diamond Member Pelican Press 0 Posted July 26, 2024 Diamond Member Share Posted July 26, 2024 This is the hidden content, please Sign In or Sign Up Bitcoin to Account for 7% of Global Wealth, Surge in Price to $13M in 21 Years: Michael Saylor It will surprise approximately no one that Michael Saylor ******** wildly bullish on Bitcoin {{BTC}} and the MicroStrategy executive chairman didn’t disappoint on Friday, saying he sees the world’s largest crypto’s price rising to $13 million by 2045 in his base case scenario. Delivering a keynote address at the Bitcoin 2024 conference in Nashville, Saylor noted that at bitcoin’s current price around $65,000, it’s got a market cap of $1.3 trillion, or just 0.1% of all global wealth. For bitcoin to get to his base case of $13 million in 2045, said Saylor, would require an annual rate of return of 29%. At that level, he continued, bitcoin would have a market cap of $280 trillion and account for 7% of global wealth. In a bull case, Saylor said bitcoin could be worth as much as $49 million and account for 22% of global wealth; his bear case was a value of $3 million and 2% of global wealth. Under Saylor’s leadership, business software company MicroStategy has This is the hidden content, please Sign In or Sign Up over the last four years that’s currently worth about $15 billion, or roughly 80% more than the cumulative purchase price. Read more: This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up #Bitcoin #Account #Global #Wealth #Surge #Price #13M #Years #Michael #Saylor This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up 0 Quote Link to comment https://hopzone.eu/forums/topic/78072-bitcoin-to-account-for-7-of-global-wealth-surge-in-price-to-13m-in-21-years-michael-saylor/ Share on other sites More sharing options...
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