Michael Saylor Predicts $13 Million Bitcoin and Advocates U.S. Government Ownership to Strengthen Dollar

Michael Saylor, the executive chairman of MicroStrategy, delivered a keynote address at the Bitcoin 2024 conference in Nashville, where he expressed his unwavering bullish stance on Bitcoin. Saylor projects that Bitcoin’s price could reach $13 million by 2045 in his base case scenario, requiring an annual rate of return of 29%. This would give Bitcoin a market cap of $280 trillion, accounting for 7% of global wealth. In a more optimistic scenario, Saylor envisions Bitcoin reaching $49 million and capturing 22% of global wealth, while his conservative scenario places Bitcoin at $3 million, representing 2% of global wealth.

Under Saylor's guidance, MicroStrategy has amassed 226,331 Bitcoin tokens over the past four years, valued at approximately $15 billion—about 80% more than the cumulative purchase price.

Saylor also made a compelling case for the U.S. government to acquire a significant portion of the world’s Bitcoin holdings, arguing this would bolster the U.S. dollar. Drawing parallels to historic acquisitions like the Louisiana Purchase and the acquisition of Alaska, Saylor highlighted how these moves expanded and strengthened the country economically. He sees Bitcoin as a critical asset for the future, likening it to “cyber Manhattan.” Saylor emphasized that just as the U.S. has historically acquired valuable assets to back its currency, it should now look to cyberspace and Bitcoin to continue this tradition. He pointed out that the U.S. owns the majority of the world’s gold and a significant portion of its own land, suggesting that owning a majority of Bitcoin would similarly fortify the nation’s economic future.