{"id":631914,"date":"2024-07-28T11:00:44","date_gmt":"2024-07-28T11:00:44","guid":{"rendered":"https:\/\/ktsl888.com\/?p=631914"},"modified":"2024-07-28T09:12:11","modified_gmt":"2024-07-28T09:12:11","slug":"michael-saylor-sets-audacious-49-million-bitcoin-price-target-details","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin\/michael-saylor-sets-audacious-49-million-bitcoin-price-target-details\/","title":{"rendered":"Michael Saylor Sets Audacious $49 Million Bitcoin Price Target\u00a0–\u00a0Details"},"content":{"rendered":"

The price of Bitcoin has recently returned below $68,000, as it attempts to stage a recovery following a significant price dip in the last week. While the crypto market leader attempts to find a support, popular American billionaire and Bitcoin maxi Michael Saylor has released a daring 21-year price prediction for the premier cryptocurrency.
\n<\/span><\/p>\n

Related Reading: This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC<\/a><\/div>\n

$3 Million At Worst, $49 Million At Best: Saylor<\/strong><\/h2>\n

In an X post on July 27<\/a>, Michael Saylor shared his expectations on Bitcoin for 2045 painting a bear, base, and bull scenario. He noted that the digital asset currently trades around $65,000 with a market cap of $1.3 trillion and accounts for 0.1% of world assets.\u00a0<\/span><\/p>\n

From a bearish point of view, the Microstrategy CEO believes Bitcoin will at least achieve a $3 million price mark which should translate into a market cap of $68 trillion. If such predictions are realized, the asset is expected to represent 2% of global assets. <\/span>Alternatively, in the most bullish case, Michael Saylor projects BTC to be trading at $49 million per unit in 2045 with a staggering market cap of $1.030 trillion. At such heights, Bitcoin will provide an annual recurring revenue (ARR) of 37, while representing 22% of all financial assets in the world.\u00a0 <\/span><\/p>\n

However, for a base scenario, Saylor projects Bitcoin to hit a market price of $13 million, which will allow the asset to gain a 7% market dominance with market shares valued at $280 trillion. Under these conditions, Bitcoin is expected to offer an ARR of 29%.<\/span><\/p>\n

Saylor\u2019s audacious predictions add to the overflow of positive sentiments in the crypto market among many other developments. Notably, the US Republican Presidential candidate Donald Trump has recently restated his commitment to the crypto industry, with the intention of turning<\/a> the US into the \u201cBitcoin superpower\u201d of the world if elected into office. In addition, a potential rise in the adoption of Bitcoin spot ETFs also remains on the cards. The possible participation of traditional finance giants in this market could spell many gains for BTC in the coming years.<\/p>\n

Related Reading: VanEck CEO Owns \u2018Way Over 30%\u2019 In Bitcoin, Asset Manager Sees $2.9M Price By 2050<\/a><\/div>\n

\u00a0<\/span><\/p>\n

\"Bitcoin\"
Source: Michael Saylor<\/figcaption><\/figure>\n

BTC Price Overview
\n<\/strong><\/h2>\n

At the time of writing, Bitcoin trades at $67,222 reflecting a loss of 1.37% in the last day. However, the crypto asset is also up by 10.12% on the monthly chart. <\/span>With respect to price movement, BTC\u2019s next major price resistance lies at the $71,000 price mark. If the token is unable to move past this zone, it is expected to retest at $65, 000.<\/span><\/p>\n

\"Bitcoin\"
BTC trading at $67,213 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/figcaption><\/figure>\n
\n
Featured image from Forbes, chart from Tradingview<\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The price of Bitcoin has recently returned below $68,000, as it attempts to stage a recovery following a significant price dip in the last week. While the crypto market leader attempts to find a support, popular American billionaire and Bitcoin maxi Michael Saylor has released a daring 21-year price prediction for the premier cryptocurrency. Related Reading: This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC $3 Million At Worst, $49 Million At Best: Saylor In an X post on July 27, Michael Saylor shared his expectations on Bitcoin for 2045 painting a bear, base, and bull scenario. He noted that the digital asset currently trades around $65,000 with a market cap of $1.3 trillion and accounts for 0.1% of world assets.\u00a0 From a bearish point of view, the Microstrategy CEO believes Bitcoin will at least achieve a $3 million price mark which should translate into a market cap of $68 trillion. If such predictions are realized, the asset is expected to represent 2% of global assets. Alternatively, in the most bullish case, Michael Saylor projects BTC to be trading at $49 million per unit in 2045 with a staggering market cap of $1.030 trillion. At such heights, Bitcoin will provide an annual recurring revenue (ARR) of 37, while representing 22% of all financial assets in the world.\u00a0 However, for a base scenario, Saylor projects Bitcoin to hit a market price of $13 million, which will allow the asset to gain a 7% market dominance with market shares valued at $280 trillion. Under these conditions, Bitcoin is expected to offer an ARR of 29%. Saylor\u2019s audacious predictions add to the overflow of positive sentiments in the crypto market among many other developments. Notably, the US Republican Presidential candidate Donald Trump has recently restated his commitment to the crypto industry, with the intention of turning the US into the \u201cBitcoin superpower\u201d of the world if elected into office. In addition, a potential rise in the adoption of Bitcoin spot ETFs also remains on the cards. The possible participation of traditional finance giants in this market could spell many gains for BTC in the coming years. Related Reading: VanEck CEO Owns \u2018Way Over 30%\u2019 In Bitcoin, Asset Manager Sees $2.9M Price By 2050 \u00a0 BTC Price Overview At the time of writing, Bitcoin trades at $67,222 reflecting a loss of 1.37% in the last day. However, the crypto asset is also up by 10.12% on the monthly chart. With respect to price movement, BTC\u2019s next major price resistance lies at the $71,000 price mark. If the token is unable to move past this zone, it is expected to retest at $65, 000. Featured image from Forbes, chart from Tradingview<\/p>\n","protected":false},"author":581,"featured_media":631920,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,1119,1144,78790,83344,10709],"class_list":["post-631914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc","tag-btcusd","tag-btcusdt","tag-michael-saylor","tag-price-prediction"],"acf":[],"yoast_head":"\nMichael Saylor Sets $49 Million Bitcoin Price Target\u00a0-\u00a0Details<\/title>\n<meta name=\"description\" content=\"Billionaire and Bitcoin maxi Michael Saylor has released a daring 21-year price prediction for premier cryptocurrency.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital asset space including blockchains, decentralized finance (DeFi), staking, non-fungible tokens (NFT), regulations and network upgrades among others. In his early years, Semilore honed his skills as a content writer, curating educational articles that catered to a wide audience. His pieces were particularly valuable for individuals new to the crypto space, offering insightful explanations that demystified the world of digital currencies. Semilore also curated pieces for veteran crypto users ensuring they were up to date with the latest blockchains, decentralized applications and network updates. This foundation in educational writing has continued to inform his work, ensuring that his current work remains accessible, accurate and informative. Currently at NewsBTC, Semilore is dedicated to reporting the latest news on cryptocurrency price action, on-chain developments and whale activity. He also covers the latest token analysis and price predictions by top market experts thus providing readers with potentially insightful and actionable information. Through his meticulous research and engaging writing style, Semilore strives to establish himself as a trusted source in the crypto journalism field to inform and educate his audience on the latest trends and developments in the rapidly evolving world of digital assets. Outside his work, Semilore possesses other passions like all individuals. He is a big music fan with an interest in almost every genre. He can be described as a \u201cmusic nomad\u201d always ready to listen to new artists and explore new trends. Semilore Faleti is also a strong advocate for social justice, preaching fairness, inclusivity, and equity. He actively promotes the engagement of issues centred around systemic inequalities and all forms of discrimination. He also promotes political participation by all persons at all levels. He believes active contribution to governmental systems and policies is the fastest and most effective way to bring about permanent positive change in any society. In conclusion, Semilore Faleti exemplifies the convergence of expertise, passion, and advocacy in the world of crypto journalism. He is a rare individual whose work in documenting the evolution of cryptocurrency will remain relevant for years to come. His dedication to demystifying digital assets and advocating for their adoption, combined with his commitment to social justice and political engagement, positions him as a dynamic and influential voice in the industry. Whether through his meticulous reporting at NewsBTC or his fervent promotion of fairness and equity, Semilore continues to inform, educate, and inspire his audience, striving for a more transparent and inclusive financial future.","sameAs":["https:\/\/www.linkedin.com\/in\/semilore-faleti-7a9046218","https:\/\/x.com\/https:\/\/twitter.com\/SemiloreFaleti"],"url":"https:\/\/ktsl888.com\/author\/semilorefaleti\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Michael Saylor Sets Audacious $49 Million Bitcoin Price Target\u00a0–\u00a0Details","url":"http:\/\/ktsl888.com\/news\/bitcoin\/michael-saylor-sets-audacious-49-million-bitcoin-price-target-details\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin\/michael-saylor-sets-audacious-49-million-bitcoin-price-target-details\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/0x0.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/0x0.jpg?fit=960%2C641"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Semilore Faleti"}],"creator":["Semilore Faleti"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusd","btcusdt","michael saylor","price prediction"],"dateCreated":"2024-07-28T11:00:44Z","datePublished":"2024-07-28T11:00:44Z","dateModified":"2024-07-28T11:00:44Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Michael Saylor Sets Audacious $49 Million Bitcoin Price Target\\u00a0–\\u00a0Details\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/michael-saylor-sets-audacious-49-million-bitcoin-price-target-details\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/bitcoin\\\/michael-saylor-sets-audacious-49-million-bitcoin-price-target-details\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/0x0.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/0x0.jpg?fit=960%2C641\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Semilore Faleti\"}],\"creator\":[\"Semilore Faleti\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusd\",\"btcusdt\",\"michael saylor\",\"price prediction\"],\"dateCreated\":\"2024-07-28T11:00:44Z\",\"datePublished\":\"2024-07-28T11:00:44Z\",\"dateModified\":\"2024-07-28T11:00:44Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/07\/0x0.jpg?fit=960%2C641","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/631914"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/581"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=631914"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/631914\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/631920"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=631914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=631914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=631914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}