Michael Seiler predicts that Bitcoin will reach 13 million dollars per coin

Michael Saylor, executive chairman of MicroStrategy, predicted on Monday that Bitcoin will reach $13 billion in the next two decades.

The billionaire leader explained why the digital asset's recent volatility hasn't spooked his company and why investors should buy MSTR instead.

Bitcoin is about $13 million, says Saylor

In an interview with CNBC, Saylor predicted that bitcoin would maintain its 44% compound annual growth in the short term, before slowing to roughly 5% per year as the asset matures.

“My long-term projection is about $13 million over 21 years,” Salor said. “At some point, the S&P return plus 8%, and the S&P vol plus 8%.”

In the year To reach that value by 2045, Bitcoin would need to maintain an average CAGR of 29.56%.

Saylor initially made a similar price prediction during his speech at Bitcoin 2024 in Nashville. While $13 million was his “base case,” his “bear case” was $3 million (relative to VanEck's projections) and his bull case was $49 million, 1000X higher than today.

In the meantime, Saylor expects continued BTC volatility – largely because it is a globally traded, 24/7 highly liquid asset.

“If you're facing the threat of a missile attack, you can't send your ten million dollar apartment to Singapore, transfer it 10 to 1, and short $100 million worth of New York real estate,” he explained. But you can short $100 million worth of bitcoin by borrowing $10 million.

As for MicroStrategy (MSTR), the company has argued that it “pioneered” the Bitcoin-backed bond market by issuing billions of dollars of convertible bonds to buy BTC.

As an investment, MSTR is a “tax-deferred” BTC yield” tool, he said, allowing users to effectively borrow to buy BTC in amounts they may not be able to access as individuals. In the year Since we used the BTC Reserve strategy in 2020

Peter Schiff disagrees.

Bitcoin critic Peter Schiff-Sailor bragged about the benefits of both BTC and MSTR, calling the idea a “bunch of nonsense.”

“MSTR is down 40% from its 52-week high and 6% below its 2021 peak. In reality the returns are not as rosy as you describe and will soon get worse,” he argued on Twitter on Monday.