Michael Saylor, a prominent Bitcoin advocate and co-founder of MicroStrategy, has made a headline-grabbing prediction: Bitcoin could reach $13 million per coin by 2045. This bold forecast underscores Bitcoin’s growing significance as a global asset, sparking discussions about its potential to reshape traditional finance and challenge traditional investment models.
Speaking in a recent interview with Altcoin Daily, Saylor outlined his rationale, emphasizing Bitcoin’s fixed supply of 21 million coins, scarcity-driven value, and unparalleled long-term potential.
His forecast has ignited debates across the financial and crypto worlds, with many reflecting on Bitcoin’s historical performance and its role as a hedge against economic uncertainty.
Saylor’s Vision for Bitcoin in 2045
In his conversation with Altcoin Daily, Saylor described Bitcoin as the “world’s first perfect monetary asset.” Unlike traditional investments like gold, real estate, or stocks, Bitcoin’s supply is capped, creating a level of scarcity that no other asset can replicate. Saylor argues that this scarcity is the foundation of Bitcoin’s long-term value proposition.
For context, fiat currencies like the U.S. dollar have lost significant purchasing power over the last century. Saylor used this example to highlight Bitcoin’s resilience, especially as global fiat currencies face inflationary pressures. With its finite supply, Bitcoin offers a hedge against these risks, cementing its position as a store of value.
This scarcity-driven model, coupled with growing concerns about fiat currency devaluation, strengthens Bitcoin’s position as a hedge against inflation.
Unprecedented Growth Potential
Saylor’s optimism stems from Bitcoin’s performance over the past decade. Growing at an average annual rate of 60%, Bitcoin has far outpaced traditional benchmarks like the S&P 500, which has averaged 15% annual growth.
This extraordinary growth, according to Saylor, could lead to a massive shift in global wealth—estimated at $500 trillion—moving away from traditional assets like equities, bonds, and real estate into Bitcoin. Despite periodic price corrections, Saylor views these fluctuations as part of Bitcoin’s maturation process.
He predicts Bitcoin’s price could climb from $55,000 in 2024 to $13 million by 2045, with its market capitalization soaring from $2 trillion to $280 trillion. This trajectory implies an annual return of approximately 29% over the next 21 years, a feat unmatched by any traditional asset class.
Bitcoin Technical Outlook: BTC Nearing Key Levels
Bitcoin (BTC) is currently trading at $94,975, reflecting a 0.44% increase over the past 24 hours, with a trading volume of $22.35 billion.
The price remains confined below a key downward trendline resistance at $95,550, which also aligns with the 50-day EMA.
A breakout above this level could push Bitcoin toward the next resistance levels at $98,330 and $100,250, marking critical milestones for bullish momentum.
On the downside, immediate support is found at $92,150. A breach of this level could confirm a double-bottom breakdown, opening the door for further declines toward $90,404 and $88,761.
The RSI sits at 44, indicating neutral-to-bearish momentum and leaving room for short-term price fluctuations.
Key Levels to Watch:
Resistance Levels: $95,550, $98,330, and $100,250.
Support Levels: $92,150, $90,404, and $88,761.
Indicators: RSI at 44 reflects neutral momentum; the 50-day EMA acts as resistance at $95,550.
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The post Can Bitcoin Hit 13M in 21 Years – Michael Saylor Prediction appeared first on Cryptonews.
