Fast Take
In a current interview on CNBC, MicroStrategy’s Government Chairman, Michael Saylor, shared his long-term outlook on Bitcoin. Saylor was requested about Bitcoin’s place as “digital gold” and its potential to seize a portion of gold’s market cap.
He defined that Bitcoin at the moment represents about 0.1% of worldwide wealth, with a worth of round $55,000 and a market cap of simply over $1 trillion. Nonetheless, Saylor believes that Bitcoin’s future is far brighter, predicting that it may rise to 7% of the world’s capital. This could place the value of a single Bitcoin at roughly $2 million, assuming international wealth is roughly $500 trillion. Nonetheless, estimates of worldwide wealth fluctuate considerably.
Wanting even additional forward, Saylor forecasted that Bitcoin may attain a staggering $13 million per coin over the following 21 years. He additionally touched on Bitcoin’s historic progress charge, noting that whereas its compound annual progress charge (CAGR) has been round 44%, he expects this to decrease over time.
In the end, he believes Bitcoin’s return will align with the S&P 500’s return (roughly 13% CAGR), plus a further 8%, because of Bitcoin’s international, open nature as a free capital asset.