• MicroStrategy’s Michael Saylor predicts bitcoin could hit $13 million by 2045
• The video features the latest news and daily trading updates from the digital currency markets
• It includes an interview with Mauricio Di Bartolomeo, co-founder & chief strategy officer at digital lending platform Ledn, discussing the firm’s bitcoin lending business growth after the launch of spot crypto ETFs in the US
Michael Saylor, CEO of business intelligence company MicroStrategy, made a bold prediction about the future price of Bitcoin. During an interview on CNBC‘s Crypto World show, Saylor said Bitcoin could reach $13 million per coin by the year 2045.
Saylor’s Prediction
Saylor based his Bitcoin price prediction on the cryptocurrency potentially replacing gold as a store of value. He believes bitcoin’s market capitalization could match and exceed gold’s current total value. With a fixed supply of 21 million bitcoins, Saylor calculated that this scenario could drive the bitcoin price up to $13 million.
Current Bitcoin Price
Bitcoin is currently trading around $19,000 after falling from an all-time high near $69,000 in November 2021. The cryptocurrency has seen significant volatility this year amid a broader sell-off in risk assets. However, bitcoin bulls like Saylor believe the price will continue appreciating over the long term.
Ledn’s Bitcoin Lending Business
In addition to Saylor’s prediction, the Crypto World episode featured an interview with Ledn co-founder and chief strategy officer Mauricio Di Bartolomeo. He discussed how his company’s bitcoin lending business grew substantially after the launch of spot bitcoin ETFs in the US. More investors are using Ledn’s lending services to get leveraged exposure to bitcoin price moves.
Conclusion
While Saylor’s $13 million target may seem unrealistic to some, he believes bitcoin’s fixed supply and growing institutional adoption could drive the cryptocurrency to new heights in the coming decades. However, bitcoin prices remain highly volatile, and experts advise investors to exercise caution when allocating to digital assets.
