{"id":631914,"date":"2024-07-28T11:00:44","date_gmt":"2024-07-28T11:00:44","guid":{"rendered":"https:\/\/uniquehot.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:\/\/uniquehot.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&#8211;\u00a0Details"},"content":{"rendered":"<p><span style=\"font-weight: 400\">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.<br \/>\n<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-mining-giant-100-million\/\" target=\"_blank\" rel=\"noopener \">This Bitcoin Mining Giant Just Spent $100 Million To Buy BTC<\/a><\/div>\n<h2><strong>$3 Million At Worst, $49 Million At Best: Saylor<\/strong><\/h2>\n<p><span style=\"font-weight: 400\"><a href=\"https:\/\/x.com\/saylor\/status\/78427708\" target=\"_blank\" rel=\"noopener nofollow\">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<p><span style=\"font-weight: 400\">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><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p>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<a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/01245162\" target=\"_blank\" rel=\"noopener nofollow\"> 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<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/bitcoin-news\/vaneck-ceo-owns-way-over-30-in-bitcoin-asset-manager-sees-2-9m-price-by-2050\/\" target=\"_blank\" rel=\"noopener \">VanEck CEO Owns \u2018Way Over 30%\u2019 In Bitcoin, Asset Manager Sees $2.9M Price By 2050<\/a><\/div>\n<p><span style=\"font-weight: 400\">\u00a0<\/span><\/p>\n<figure id=\"attachment_631916\" aria-describedby=\"caption-attachment-631916\" style=\"width: 860px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-631916 size-large\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GTfi5kWWgAAYM07.jpeg?w=860&#038;resize=860%2C484\" alt=\"Bitcoin\" width=\"860\" height=\"484\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GTfi5kWWgAAYM07.jpeg?w=960 960w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GTfi5kWWgAAYM07.jpeg?w=460 460w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GTfi5kWWgAAYM07.jpeg?w=768 768w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GTfi5kWWgAAYM07.jpeg?w=860 860w, https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/07\/GTfi5kWWgAAYM07.jpeg?w=750 750w\" sizes=\"(max-width: 860px) 100vw, 860px\"><figcaption id=\"caption-attachment-631916\" class=\"wp-caption-text\">Source: Michael Saylor<\/figcaption><\/figure>\n<h2><strong>BTC Price Overview<br \/>\n<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">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><span style=\"font-weight: 400\">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<figure style=\"width: 1480px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/VuIKxBGd\/\" alt=\"Bitcoin\" width=\"1480\" height=\"893\"><figcaption class=\"wp-caption-text\">BTC trading at $67,213 on the daily chart | Source: BTCUSDT chart on Tradingview.com<\/figcaption><\/figure>\n<div class=\"disclaimer-shortcode\">\n<div class=\"disclaimer-shortcode\"><em>Featured image from Forbes, chart from Tradingview<\/em><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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":"\n<title>Michael 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\" 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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. 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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. 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