In This Article:
Michael Saylor, the co-founder of MicroStrategy, has made yet another ultra-bullish Bitcoin prediction, this time forecasting a price of $13 million per BTC by 2045.
Speaking at the Bitcoin 2024 conference in Nashville on July 26, Saylor explained that this would be his “base case” scenario for Bitcoin’s future.
“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,” Saylor said. “For Bitcoin to get to my base case of $13 million in 2045 would require an annual rate of return of 29%. At that level, Bitcoin would have a market cap of $280 trillion and account for 7% of global wealth.”
On Feb. 18, MicroStrategy confirmed that it did not sell any shares of its Class A common stock under its at-the-market equity offering program last week and did not purchase any additional Bitcoin. As of Feb. 17, the company holds 478,740 BTC, acquired for approximately $31.1 billion at an average price of $65,033 per Bitcoin.
Saylor’s bull and bear cases for Bitcoin
Saylor didn’t just stop at his $13 million base case prediction. He also laid out extreme bull and bear cases for Bitcoin’s potential future value.
“In a bull case, Bitcoin could be worth as much as $49 million and account for 22% of global wealth,” he said. “My bear case was a value of $3 million and 2% of global wealth.”
Despite the massive price targets, Saylor remains convinced that Bitcoin will absorb a significant portion of the world’s wealth over the next two decades.
What needs to happen for Bitcoin to reach $13 million?
For Bitcoin to hit $13 million, it would need to grow its market capitalization from $1.9 trillion today to $280 trillion.
This would mean Bitcoin has to absorb massive capital flows from traditional financial markets, including stocks, real estate, gold, and government bonds.
Saylor urged investors to go all-in on Bitcoin, describing a strategy for maximizing BTC accumulation:
“You financed the house for Bitcoin, you buy Bitcoin, you flip all your assets to Bitcoin, and then you move to a cheap tax jurisdiction where you actually can avoid some taxes and invest an extra fifty grand in Bitcoin,” he said. “What’s the result?” A net worth of $214 million, according to Saylor’s estimates.
Can Bitcoin actually reach $13 million?
A 29% annual growth rate over 21 years is highly ambitious, but Bitcoin has outperformed this in the past.
From 2011 to 2021, Bitcoin’s compound annual growth rate (CAGR) exceeded 200%. More recently, Bitcoin surged nearly 300% from its 2023 bear market lows to its $108,000 all-time high in January 2025.