Bitcoin

Michael Saylor, the co-founder and chairman of MicroStrategy, shared his ambitious vision for <a href="https://yellow.com/asset/btc">Bitcoin</a>'s future. In an interview with Fox Business, he projected a staggering increase in Bitcoin's market capitalization over the next two decades. And as it usually happens with Saylor's forecasts, the next one is more bold than the previous. 
He predicts Bitcoin will surpass stocks, gold, and real estate in terms of growth. 
This outlook is intertwined with MicroStrategy's aggressive Bitcoin acquisition strategy, which has markedly influenced its stock performance by closely tracking Bitcoin's price fluctuations. 
https://www.newsbtc.com/breaking-news-ticker/michael-saylor-predicts-bitcoin-market-cap-of-280-trillion-by-2045-what-will-the-price-be/ 
On Monday, MicroStrategy announced a milestone, surpassing 400,000 BTC in its holdings. That's roughly a 1,9% of the BTC out there. 
The company raised $1.5 billion from selling 3.7 million shares, reinvested rapidly into Bitcoin, marking a fourth consecutive week of purchases. Since November 11, MicroStrategy has funneled over $13.5 billion into Bitcoin through three major transactions, boasting 402,100 BTC at an average acquisition cost of $56,658 per coin. 
Bitcoin recently touched a record valuation of roughly $2 trillion, with prices reaching $104,000. Saylor, however, envisions an additional $200 trillion in market capitalization by 2045, primarily driven by global inflationary trends. Investors, weary of traditional assets, are turning towards Bitcoin as a credible global monetary asset, according to Saylor. 
Saylor claims that Bitcoin could skyrocket to $13 million per coin, marking a 12,384% increase if his projections hold true, potentially making it the leading global currency. He bases this prediction on past trends, citing Bitcoin's average annual growth of 29%. Saylor's broader analysis suggests Bitcoin's representation in the global capital market could leap from 0.1% to 7%. 
MicroStrategy's recent social media revelations underscore the firm's strategic push into Bitcoin. Following three years of targeted investments, Saylor proudly announced a year-to-date BTC yield of 63.3%, with shareholders benefiting from approximately 119,800 BTC. At $103,000 per BTC, this equates to an impressive $12.3 billion return on investment, solidifying MicroStrategy's position as a leading entity in the "Bitcoin Standard."

Saylor's Latest Bitcoin Forecast: A $280T Market Cap Within Two Decades

Yellow News

Other articles published on Dec 6, 2024

Move Over Polkadot and Polygon as This $0.0011 Token Targets $1 by Early 2025

3 XRP Price Competitors That Will Rise from Pennies to $3 as the Altcoin Season Begins

Former NY Fed President Argues Bitcoin Could Undermine USD, Suggests Prioritizing Regulatory Fram...

GraFun Partners with DWF Ventures to Propel GraFun’s Go-To-Market Success

Failed to Join the Polkadot Frenzy? Qubetics Is the Best Crypto to Buy That Can Make You Rich

Cardano (ADA) Poised for 30% Rally, Here’s Why

Join our free newsletter for daily crypto updates!