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Home CRYPTO

Bitcoin BTC Could Hit $13 Million Per Coin, Here is How

by Sham
October 18, 2024
in CRYPTO, OPINION
Reading Time: 3 mins read
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  • • Michael Saylor urges corporations to adopt Bitcoin as part of their treasury strategy, arguing it could significantly boost their market capitalization and protect against inflation
  • • Saylor uses Apple as an example, suggesting the tech giant could invest $100 billion into Bitcoin instead of stock buybacks, potentially adding $1-2 trillion to its market cap over time
  • • Saylor predicts Bitcoin could reach $13 million per coin within the next 21 years, calling it the future of capital markets and a better store of value than cash reserves

Michael Saylor, executive chairman of MicroStrategy, believes major corporations should consider adopting Bitcoin as a key component of their treasury management strategy. In a recent interview, Saylor argued that investing in Bitcoin could significantly boost companies’ market capitalization and protect their reserves from inflation.

Michael @saylor believes Bitcoin $BTC will reach $13 million per coin within 21 years

Do you agree? pic.twitter.com/RgywxJ384t

— BlockNews.com (@blocknewsdotcom) October 18, 2024

Saylor’s Strategic Bet on Bitcoin

Saylor used Apple as an example and suggested the tech giant invest $100 billion into Bitcoin instead of buying back its stock, a move he believes could add $1 trillion to $2 trillion to Apple’s market cap over time. According to Saylor, “If Apple bought $100 billion of Bitcoin, it would likely grow to $500 billion and the company would have a $500 billion business growing at 20% a year.”

Saylor’s suggestion is rooted in his long-standing belief that Bitcoin is the future of capital markets and a better store of value than traditional cash reserves. He argues that as companies face inflationary pressures, Bitcoin offers a more resilient and appreciating asset for protecting balance sheets. Saylor stated, “Bitcoin’s long-term value is undeniable.”

Bitcoin’s Potential to Reach $13 Million

Saylor predicted that Bitcoin has the potential to reach $13 million per coin within the next 21 years and companies should take advantage of the “capital revolution” it brings.

MicroStrategy’s Bitcoin Yield Strategy

Saylor has already implemented this strategy at MicroStrategy, which owns 252,220 BTC worth over $16 billion, making it the largest corporate whale in the industry. The company has been issuing Bitcoin-backed securities to fund its accumulation strategy, generating a “BTC yield” – an innovative financial metric that has led to an 18% increase in Bitcoin per share for its investors this year.

According to Saylor, “In one year we’ve generated more value from issuing Bitcoin-backed securities than we could have in a decade of traditional operations. BTC yield allows us to compress time and deliver results faster.”

Saylor believes companies like Apple could open new avenues for growth by adopting this approach. By leveraging their cash reserves to accumulate Bitcoin, firms could achieve substantial gains over time while mitigating inflation risks.

Conclusion

Saylor sees Bitcoin as an opportunity for a “capital revolution” that corporations should leverage. He predicts Bitcoin’s potential to reach $13 million could produce immense returns for companies willing to adopt it as part of their treasury strategy. Saylor has pioneered this approach at MicroStrategy, generating major increases in shareholder value through Bitcoin-backed securities and BTC yield. Whether other corporations follow suit remains to be seen, but Saylor clearly believes investing in Bitcoin provides a new path to growth and inflation protection.

Tags: appleBitcoinBTCMichael SaylorMicrostrategy
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