Saylor Predicts Bitcoin Reaching $13 Million per Coin in 21 Years

Bittime - Michael Saylor, Executive Chairman of MicroStrategy, recently revealed his predictions about the future of Bitcoin in an interview with CNBC. 

Saylor estimates that the price of Bitcoin will reach $13 million per coin within the next 21 years, which is equivalent to around IDR 202 billion per coin, based on current exchange rates.

Saylor expects Bitcoin will continue to maintain a compound annual growth rate (CAGR) of 44% in the near future. However, he predicts that this growth will slow by around 5% annually as these digital assets mature. 

“My long-term prediction is that Bitcoin will reach $13 million in 21 years,” Saylor said. “At some point, Bitcoin returns will be equal to S&P 500 returns plus 8%, and its volatility will also follow the same pattern.”

To reach this price in 2045, Bitcoin must be able to maintain an average CAGR of 29.56%.

Bitcoin Volatility According to Saylor

Saylor also discussed Bitcoin's high volatility, which he said would not hinder the growth of this asset's price. He explained that Bitcoin is traded globally 24/7 and has very high liquidity, which contributes to its level of volatility.

 “If you're worried about a missile attack, you can't move your ten million dollar apartment to Singapore, leverage the asset, and sell $100 million worth of New York real estate short,” he explains. “However, you can short $100 million worth of Bitcoin by borrowing $10 million.”

Also read Convert 1 BTC to IDR

MicroStrategy Innovation in Bitcoin Investment

Saylor also highlighted MicroStrategy's innovative approach to Bitcoin investing. The company has issued billions of dollars worth of convertible bonds to buy Bitcoin, leveraging what Saylor considers “tax-deferred BTC yield instruments.” 

This provides an opportunity for investors to purchase Bitcoin on terms that they may not be able to access individually. Since adopting a Bitcoin reserve strategy in 2020, MicroStrategy has strengthened its position in the Bitcoin market.

Negative Response from Peter Schiff

The response to Saylor's prediction came from Peter Schiff, a well-known critic of Bitcoin. Schiff blasted Saylor's claims regarding the benefits of BTC and MSTR, calling his ideas a “bundle of bullshit.”

“MSTR” is down 40% from its 52-week peak and 6% below its 2021 peak. Returns are actually not as bright as you describe and will soon get worse,” Schiff wrote on Twitter on Monday.

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To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study Complete Guide How to Buy Crypto on Bittime. 

Monitor graphic movement of Bitcoin (BTC) price, Ethereum (ETH), Solana (SOL), and other cryptos to find out today's crypto market trends in real-time on Bittime.