The crypto world was ecstatic at its incredible revival in 2024. After the election of President-elect Donald Trump in November, digital assets surged with unprecedented strength. The optimism of the market is being infused by Trump’s campaign promises to establish pro-crypto regulations and policies to make the U.S. the global leader in blockchain innovation.
Few names in crypto have gained as much attention during this rally as Michael Saylor, founder of MicroStrategy (NASDAQ: MSTR). Known for his bold Bitcoin investments, Saylor and his company have made headlines as Bitcoin surpassed $107,000 shortly after the election. Here’s why Saylor remains bullish and what it could mean for crypto enthusiasts in the future.
Michael Saylor’s Big Bitcoin Bet on Crypto Future
Saylor has been a strong Bitcoin proponent, often enduring criticism for his unrelenting belief. MicroStrategy changed its strategy in 2020, investing heavily in Bitcoin. By the end of 2024, the company had more than 1% of all the Bitcoin in existence, making it the largest public holder of the cryptocurrency.
In a bold prediction, Saylor said in November that Bitcoin could reach $13 million by 2045. His estimate implies an astounding 12,630% increase from today’s prices. So, how did he arrive at such a lofty figure? Saylor believes Bitcoin will deliver annual returns of 29% over the next two decades, driven by growth in adoption and a rising share of global capital.
Currently, bitcoin accounts for just a small fraction—about 10 to 20 basis points—of the world’s capital. Saylor thinks this could balloon to 7% as institutions and governments adopt the asset as a store of value.
MicroStrategy isn’t just holding bitcoin – it’s doubling down. The company on Wednesday said that it plans to raise $42 billion in debt and equity over the next three years to purchase even more Bitcoin, even when it costs $106,000 or more per coin.
Why Bitcoin’s Rally is Not Over Yet?
Several factors make it seem that the recent spurt in Bitcoin prices is only a beginning. President Trump’s administration is shaping up to be a crypto-friendly administration, with significant appointments of blockchain proponents to key positions. Such an administration will likely approve crypto spot exchange-traded funds (ETFs), clearer accounting rules, and other regulatory shifts to encourage institutional adoption.
In Congress, several bills focus on clarifying the legal environment for crypto. If enacted, these laws may unlock significant growth opportunities for the sector, thus encouraging innovation and investment.
More than regulatory tailwinds, however, Bitcoin has strong fundamentals. With a supply of 21 million tokens, Bitcoin is slowly being perceived as “digital gold.” Its scarcity and resilience are making it more attractive as an inflation hedge or an economic uncertainty hedge.
Is Bitcoin Worth Your Investment?
While Saylor’s $13 million prediction sounds audacious, it speaks to the long-term potential he believes Bitcoin holds. However, it is essential to take such projections with a grain of salt. Cryptocurrencies are notoriously volatile, and predictions of price in decades to come are speculative at best.
However, Bitcoin’s history speaks to its strength. Most financial advisors suggest investing a small percentage of investment portfolios in Bitcoin as a hedge. Even though the short-term will see fluctuations, the asset has proven to be consistently upward trending.
Bitcoin is a great investment for anyone who can stomach volatility. With supportive policies and increased adoption in the crypto space, the crypto future is bright.
Also, see: Ramayana: The Legend of Prince Rama set to be released on January 24