Bitcoin (BTC 7.39%) It is undoubtedly one of the best financial assets a person can own in the last decade, turning small amounts of capital into large amounts of wealth. But there is still a big advantage, at least from the perspective of an expert in the field.

According to Michael Saylor, the billionaire technology executive who founded the software company MicroStrategy, best cryptocurrency in the world It could rise 18,600% from its current price of $69,300 (as of the evening of October 31) to $13 million in 2045. Here’s what investors need to know about this forecast.

Saylor’s bullish outlook

Michael Saylor made headlines in August 2020 when he used his company’s cash reserves to start accumulating Bitcoin. He was surprised by the massive amount of government stimulus to get the economy through the COVID-19 pandemic and wanted to move MicroStrategy’s assets to something unprecedented. a steady supply. Naturally, he was interested in Bitcoin.

Today, MicroStrategy has become a full-fledged Bitcoin-based enterprise. Saylor did not shy away from his goal, which was to raise money through equity and debt in the capital markets to continue buying more Bitcoin. His business announced plans to raise $42 billion over the next three years for this very purpose.

This plan worked extremely well as MicroStrategy shares are up 1,830% since the first Bitcoin purchase. Meanwhile, S&P 500 It achieved a total return of 81% during the same period. It’s hard to argue with the numbers.

But Saylor thinks that by 2045, Bitcoin’s price will reach $13 million per coin, which would represent a global gain of almost 19,000% from today’s levels. He believes that if 7% of global wealth owns Bitcoin (today’s rate is about 0.1%), then the price can reach this lofty target. On an annual basis, this represents a gain of 28% per year. This will definitely outperform the stock market by a wide margin.

Bitcoin as an escape valve

It is helpful to think of Bitcoin as an asset that is completely separate from the current monetary and financial architecture and not controlled by a single entity. As more people learn about Bitcoin’s attractive features, especially that it has a fixed supply cap of 21 million, they will have no trouble getting bullish. Saylor thinks having limited exposure to financial assets seems like a smart move, especially when compared to the ever-increasing money supply.

launch Identify Bitcoin ETFs It brought new capital and buyers to the digital asset. But I’m sure there are still many market participants on the sidelines. Companies are one such group.

Few businesses have adopted a Bitcoin strategy like Michael Saylor and MicroStrategy. But times may be changing. At the shareholders’ meeting in December, MicrosoftApple, one of the most dominant tech firms ever, is allowing investors to vote on whether Bitcoin should be added to the corporate treasury.

Even if this proposal is rejected, this way Board of Directors While he suggests shareholders vote, he points out that Bitcoin can no longer be ignored even among the most valuable businesses. Everyone is watching the massive success MicroStrategy has had so far by adding Bitcoin to its balance sheet; They need to at least consider what replicating this strategy could do for their situation.

While I believe it is impossible to accurately predict what the world will look like twenty years from now, I think Michael Saylor has the right idea that Bitcoin will likely be purchased and held by more people, companies, and institutions in the future. And that’s a compelling reason to be bullish on top crypto.