Bitcoin’s future price predictions often ignite passionate debates, and MicroStrategy CEO Michael Saylor’s recent forecast has certainly captured attention. In a CNBC interview, Saylor projected that Bitcoin could reach $13 million within the next 21 years.
This ambitious prediction was the centerpiece of a discussion between Scott Melker, host of The Wolf of All Streets podcast, and George Tung, host of CryptosRus.
Tung analyzed the significance of the 21-year timeline, remarking, “Initially, I questioned why 21 years, but it becomes clearer when considering there will only ever be 21 million Bitcoins.” He discussed Bitcoin’s four-year price cycles and how factors like inflation and growth could support such a high valuation. “It’s possible we could see Bitcoin reach $13 million. First, we need to surpass $100,000, then a million dollars.”
Melker acknowledged the rationale behind Saylor’s prediction, noting, “The way he extrapolated these figures does have some merit.” He suggested that Bitcoin’s value could increase significantly as it potentially captures a larger share of global capital. “Saylor posits that Bitcoin could represent 7% of global capital, which could bring us to $3 or $4 million, with $13 million being a 3X increase from there over a cycle.”
Both commentators expressed optimism about Bitcoin’s future potential. Tung added, “I’d love to see it, and I know you would too.” Melker concluded, “I’d be satisfied with reaching $100,000 for now.”
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