{"id":640781,"date":"2024-09-10T02:30:23","date_gmt":"2024-09-10T02:30:23","guid":{"rendered":"https:\/\/uniquehot.com\/?p=640781"},"modified":"2024-09-09T14:35:52","modified_gmt":"2024-09-09T14:35:52","slug":"michael-saylor-predicts-bitcoin-will-hit-13-million-reveals-expected-date","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/bitcoin-news\/michael-saylor-predicts-bitcoin-will-hit-13-million-reveals-expected-date\/","title":{"rendered":"Michael Saylor Predicts Bitcoin Will Hit $13 Million, Reveals Expected Date"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Michael Saylor, co-founder and Executive Chairman of the business intelligence firm MicroStrategy and a well-known Bitcoin advocate, recently reiterated his bullish stance on the leading cryptocurrency during an exclusive interview with CNBC on Monday.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Saylor&#8217;s Bitcoin Price Forecast<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Saylor, recognized for steering his company towards significant<\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/microstrategys-michael-saylor-reveals-bitcoin-holdings-top-1-billion\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> BTC investments<\/span><\/a><span style=\"font-weight: 400\"> to capitalize on its continuous growth, projected a mind-blowing future valuation for Bitcoin. Saylor boldly forecasted that the Bitcoin price could soar to an unprecedented $13 million per coin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">During the <\/span><a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/79689582\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">interview<\/span><\/a><span style=\"font-weight: 400\">, Saylor emphasized that Bitcoin represents just 0.1% of the global capital, envisioning a substantial increase to 7%. This monumental shift, he suggested, could propel Bitcoin to the remarkable $13 million mark by 2045.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/fetch-ai-fet\/fet-teeters-at-trendline-breakout-to-1-86-looms\/\" target=\"_blank\" rel=\"noopener \">FET Teeters At Trendline: Will A Breakout Fuel A Run To $1.86?<\/a><\/div>\n<p><span style=\"font-weight: 400\">Saylor expounded on the cryptocurrency&#8217;s growth trajectory by delving into a detailed four-year calculation for the entire BTC market. With an average annual growth rate of 44%, potentially tapering to 40%, 35%, and eventually 30% in the coming years, Saylor outlined a compelling case for Bitcoin outperforming traditional financial indices.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Saylor explained that he envisions BTC&#8217;s return outperforming the S&amp;P by 8%, surpassing the<\/span><a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-price-recovery-2360\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> market capitalization<\/span><\/a><span style=\"font-weight: 400\"> of the top 500 publicly traded companies in the US, underscoring its potential to disrupt global capital markets.<\/span><\/p>\n<p><span style=\"font-weight: 400\">During the interview, Saylor also took a moment to highlight the cryptocurrency&#8217;s unique proposition as an asset without counterparty risk.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Contrary to popular belief that associates Bitcoin with high-risk investments, Saylor posited that BTC represents a safe haven for risk-averse people, emphasizing the desire for security and stability in investment choices.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Market Direction And Support Levels<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Delving into the current state of the BTC market, crypto analyst Doctor Profit recently released a <\/span><a href=\"https:\/\/x.com\/DrProfitCrypto\/status\/33599029\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">report <\/span><\/a><span style=\"font-weight: 400\">to assess future price movements for the leading crypto. The report poses a crucial question: will the market continue to decline, or is a breakout to the upside imminent?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Drawing parallels to past scenarios, Doctor Profit emphasizes the dangers of waiting for an elusive lower price point, citing a past instance when Bitcoin hovered at $16,000 in 2022, defying expectations of a drop to $10,000.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Central to Doctor Profit&#8217;s analysis is the\u00a0<\/span><span style=\"font-weight: 400\"><span style=\"margin: 0px;padding: 0px\">50-day<a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-rainbow-60000-target\/\" target=\"_blank\" rel=\"noopener \">\u00a0exponential moving average<\/a> (EMA) position<\/span>, currently trailing 2% below the market price of $55,400, indicating a potential opportunity for traders to capitalize on potential recovery for the cryptocurrency.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/avalanche\/avalanche-avax-ready-to-target-28-investors-expect-a-reversal\/\" target=\"_blank\" rel=\"noopener \">Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal<\/a><\/div>\n<p><span style=\"font-weight: 400\">In addition, the analyst highlights a second support level 10% below the current price at $48,000, which could act as a barrier to further declines below this point, as it proved key during the <\/span><a href=\"https:\/\/uniquehot.com\/bitcoin-news\/crypto-liquidations-1-billion-bitcoin-crashes-52000\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">August 5 crash<\/span><\/a><span style=\"font-weight: 400\"> that saw BTC plummet to $49,000.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Addressing prevailing sentiments of pessimism and calls for a retreat to $40,000 levels, Doctor Profit offers a nuanced perspective, reminding investors of historical patterns post-Bitcoin Halving events.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">With the most recent <\/span><a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/bitcoin-hashrate-nears-record-levels-amidst-price-decline-details\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">Halving <\/span><\/a><span style=\"font-weight: 400\">occurring in April, Doctor Profit contends that the market is well within the typical timeframe for Bitcoin&#8217;s parabolic surges, typically observed 10-12 months post-Halving.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">While the current sideways movement near the all-time high may evoke fear, Doctor Profit asserts that this phase is a natural part of the market cycle, distinct from the exuberance characterizing previous peaks.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/Pul3IzCH\/\" alt=\"Bitcoin\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The daily chart shows that BTC&#8217;s price has recovered and is consolidating above the $55,000 level. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">Featured image from DALL-E, chart from TradingView.com\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor, co-founder and Executive Chairman of the business intelligence firm MicroStrategy and a well-known Bitcoin advocate, recently reiterated his bullish stance on the leading cryptocurrency during an exclusive interview with CNBC on Monday. Saylor&#8217;s Bitcoin Price Forecast Saylor, recognized for steering his company towards significant BTC investments to capitalize on its continuous growth, projected a mind-blowing future valuation for Bitcoin. Saylor boldly forecasted that the Bitcoin price could soar to an unprecedented $13 million per coin. During the interview, Saylor emphasized that Bitcoin represents just 0.1% of the global capital, envisioning a substantial increase to 7%. This monumental shift, he suggested, could propel Bitcoin to the remarkable $13 million mark by 2045. Related Reading: FET Teeters At Trendline: Will A Breakout Fuel A Run To $1.86? Saylor expounded on the cryptocurrency&#8217;s growth trajectory by delving into a detailed four-year calculation for the entire BTC market. With an average annual growth rate of 44%, potentially tapering to 40%, 35%, and eventually 30% in the coming years, Saylor outlined a compelling case for Bitcoin outperforming traditional financial indices.\u00a0 Saylor explained that he envisions BTC&#8217;s return outperforming the S&amp;P by 8%, surpassing the market capitalization of the top 500 publicly traded companies in the US, underscoring its potential to disrupt global capital markets. During the interview, Saylor also took a moment to highlight the cryptocurrency&#8217;s unique proposition as an asset without counterparty risk.\u00a0 Contrary to popular belief that associates Bitcoin with high-risk investments, Saylor posited that BTC represents a safe haven for risk-averse people, emphasizing the desire for security and stability in investment choices. Market Direction And Support Levels Delving into the current state of the BTC market, crypto analyst Doctor Profit recently released a report to assess future price movements for the leading crypto. The report poses a crucial question: will the market continue to decline, or is a breakout to the upside imminent?\u00a0 Drawing parallels to past scenarios, Doctor Profit emphasizes the dangers of waiting for an elusive lower price point, citing a past instance when Bitcoin hovered at $16,000 in 2022, defying expectations of a drop to $10,000.\u00a0 Central to Doctor Profit&#8217;s analysis is the\u00a050-day\u00a0exponential moving average (EMA) position, currently trailing 2% below the market price of $55,400, indicating a potential opportunity for traders to capitalize on potential recovery for the cryptocurrency.\u00a0 Related Reading: Avalanche (AVAX) Ready To Target $28: Investors Expect A Reversal In addition, the analyst highlights a second support level 10% below the current price at $48,000, which could act as a barrier to further declines below this point, as it proved key during the August 5 crash that saw BTC plummet to $49,000. Addressing prevailing sentiments of pessimism and calls for a retreat to $40,000 levels, Doctor Profit offers a nuanced perspective, reminding investors of historical patterns post-Bitcoin Halving events.\u00a0 With the most recent Halving occurring in April, Doctor Profit contends that the market is well within the typical timeframe for Bitcoin&#8217;s parabolic surges, typically observed 10-12 months post-Halving.\u00a0 While the current sideways movement near the all-time high may evoke fear, Doctor Profit asserts that this phase is a natural part of the market cycle, distinct from the exuberance characterizing previous peaks. Featured image from DALL-E, chart from TradingView.com\u00a0<\/p>\n","protected":false},"author":589,"featured_media":638117,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,485,656,679,6848,755,768,1122,1144,8390,78790,6664,14690,89974],"class_list":["post-640781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-chart","tag-bitcoin-news","tag-bitcoin-price","tag-bitcoin-price-prediction","tag-bitcoin-technical-analysis","tag-bitcoin-trading","tag-btc-price","tag-btcusd","tag-btcusd-price","tag-btcusdt","tag-crypto","tag-crypto-news","tag-michael-saylor-news"],"acf":[],"yoast_head":"\n<title>Michael Saylor Predicts Bitcoin Will Hit $13 Million, Reveals Expected Date<\/title>\n<meta name=\"description\" content=\"Michael Saylor 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