Michael Saylor: Bitcoin will cost $ 13 million per coin

Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor, founder of MicroStrategy, has predicted that the price of bitcoin BTC $96,175.57 Bitcoin -0.59% Market capitalization $1.9 trillion VOL. 24 hours $1.39 billion could reach $ 13 million per coin over the next 21 years. According to his estimates, the average annual growth of bitcoin will be about 29%.

MicroStrategy has an ambitious goal of becoming the leading bitcoin bank with a capitalization of $ 1 trillion. The company currently holds the largest crypto reserves among corporations in the amount of 252,220 BTC. Their accumulation began in August 2020, when MicroStrategy was the first company among Nasdaq-listed companies to invest $ 250 million in the main cryptocurrency.

Sailor emphasized that his shareholders are optimistic about the market leader. «There's no one who bought MicroStrategy shares and doesn’t support bitcoin,» he said.

Sailor believes that one of the main factors behind the growth of bitcoin’s price is the increase in institutional adoption of the asset, which requires the availability of regulated custody solutions. At the same time, he is not afraid of the possible seizure of cryptocurrency by the authorities, unlike the risks associated with its storage in the hands of those who do not recognize the government and tax reporting.

After the FTX exchange collapsed in November 2022, Saylor emphasized the importance of self-storage of digital assets. At the same time, he acknowledged that stronger regulation is necessary for the development of the crypto industry.

In August, Saylor confirmed that he personally owns more than $ 1 billion worth of bitcoins, including 17,732 BTC. Earlier, he predicted that bitcoin would reach $ 13 million by 2045 at the Bitcoin 2024 conference in Nashville.