Michael Saylor, MicroStrategy’s executive chairman, shared an optimistic outlook on Bitcoin’s future at the Bitcoin 2024 conference in Nashville. Currently priced at around $65,000 with a market cap of $1.3 trillion, Bitcoin holds a mere 0.1% of global wealth. Saylor projects a staggering rise to $13 million per Bitcoin by 2045, aiming for a market cap of $280 trillion and representing 7% of worldwide wealth.

This forecast hinges on an annual return of 29%, marking a significant transformation in the financial landscape. Saylor outlined scenarios that further highlight Bitcoin’s potential: in his bullish view, Bitcoin could reach $49 million and make up 22% of global wealth, while his bearish estimate still suggests a robust $3 million value, accounting for 2%.

Saylor’s predictions underscore a major shift towards digital assets, indicating an expansive growth trajectory for Bitcoin, and potentially reshaping economic structures globally.