Michael Saylor: Bitcoin may rise to $13 million by 2045, and its total market value will account for 7% of global wealth

Speaking at the Bitcoin Conference, Michael Saylor, founder of Micro Strategy, said that as adoption grows, the price of Bitcoin could exceed $13 million by 2045, which would require an annual return of 29%. At this level, Bitcoin's market value would reach $280 trillion, accounting for 7% of global wealth. He added: "In a bear market scenario, the price of Bitcoin could be $3 million, accounting for 2% of global wealth; but in a bull market scenario, the price of Bitcoin could reach $49 million, accounting for 22% of global wealth." Under Saylor's leadership, MicroStategy has bought 226,331 Bitcoins in the past four years, which are currently worth about $15 billion, about 80% higher than the cumulative purchase price. (Bitcoin Magazine)