Bitcoin Price Might Hit $49 Million by 2045, Says Michael Saylor

Michael Saylor, MicroStrategy’s executive chairman, predicts that bitcoin could reach $49 million by 2045 in a bullish scenario, with a base case of $13 million and a bear case of $3 million. 

Speaking at the Bitcoin conference in Nashville, Saylor emphasized bitcoin’s potential to revolutionize the global economy by replacing outdated financial assets with digital capital. He advocates for bitcoin as a primary treasury asset for individuals, corporations, and nations to ensure economic stability and wealth accumulation. 

Saylor also suggests that the U.S. government should hold a significant portion of the world’s bitcoin to strengthen the dollar, drawing parallels to historical asset acquisitions.

Clever Robot News Desk 31^st July 2024