Michael Saylor, co-founder of MicroStrategy, has made bold predictions about Bitcoin’s future, projecting it to reach $13 million per coin by 2045. Saylor, whose company holds around $8 billion in Bitcoin, believes that accumulating a strategic reserve of Bitcoin could be as transformative for the United States as the Louisiana Purchase. He supports Senator Cynthia Lummis’ proposed BITCOIN Act, which aims to compel the U.S. Treasury to gradually accumulate 1 million BTC, or nearly 5% of the total supply.
Saylor sees Bitcoin 2024 as a pivotal moment for the cryptocurrency, marking a shift in perception and acceptance among high-profile figures, including U.S. presidential candidates and legislators. He believes nation-states considering Bitcoin for their balance sheets will encourage institutions, corporations, and individuals to invest as well. Saylor urges investors to adopt a “triple maxi” approach, dedicating all available resources to Bitcoin with the aim of achieving substantial net worth in the coming decades.
Despite recent market turbulence, which saw a significant drop in total market capitalization, long-term investors remain resilient. Saylor argues that Bitcoin’s nature as scarce and desirable digital property makes it an attractive asset for nation-states. He likens the acquisition of Bitcoin to purchasing valuable real estate, suggesting it could lay the foundation for future economic empires.
MicroStrategy is committed to increasing its Bitcoin holdings, leveraging various financial strategies to do so. Saylor emphasizes that the company’s stable core business and ability to generate cash flow provide the flexibility needed to support its aggressive Bitcoin accumulation strategy. He believes that increasing Bitcoin holdings per share will ultimately create significant shareholder value, solidifying MicroStrategy’s position as a leading player in the cryptocurrency market.
In summary, Michael Saylor envisions Bitcoin as a foundational asset for future economic growth and stability, advocating for strategic reserves to propel nation-states and corporations toward prosperous futures.
