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MicroStrategy Founder Michael Saylor Makes an Astonishing Prediction About Bitcoin Price
MicroStrategy Founder Michael Saylor Makes an Astonishing Prediction About Bitcoin Price
MicroStrategy founder Michael Saylor made a prediction about the future of the Bitcoin price in his statement.
Author:
Mete Demiralp
20.10.2024 – 15:32
Update:
7 seconds ago
0
MicroStrategy founder and Bitcoin supporter Michael Saylor has shared an ambitious prediction for BTC, predicting that it will gain 29% annually over the next 21 years.
In a recent interview, Saylor outlined his base case scenario, which sees Bitcoin reaching a staggering $13 million per coin in that time frame.
“My view is that Bitcoin will appreciate in terms of ARR (Annualized Rate of Return) by 29% per year for the next 21 years,” Saylor said. This would push the price of Bitcoin to $13 million per unit, according to Saylor. When asked about MicroStrategy shareholders’ thoughts on BTC, Saylor said: “My shareholders are very bullish on BTC. There’s no one who bought MicroStrategy and hated Bitcoin.”
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Saylor added that Bitcoin naysayers are likely shorting the stock, reinforcing his belief in the cryptocurrency’s long-term potential. Saylor also mentioned a resource for those looking to model Bitcoin’s future growth: “If you Google it and type in Bitcoin 24, you can find the BTC 24 open source model. It’s a 21-year model that you can download; it’s a spreadsheet.”
*This is not investment advice.
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