Michael Saylor Sets Audacious $49 Million Bitcoin Price Target – Details

Quick Summary:

At such heights, Bitcoin will provide an annual recurring revenue (ARR) of 37, while representing 22% of all financial assets in the world.  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.

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.  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.

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.

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Article Details

Author / Journalist: Semilore Faleti

Category: Crypto

Markets: United Kingdom

Topics: Bitcoin BTCUSDT Price prediction Michael Saylor Bitcoin Btc Btcusd

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-28 @ 11:00:44 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 406 words

Reading Time: 3 minutes read

Sentences: 63 lines

Sentence Length: 7 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 21806665

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About NewsBTC

Main Topics: Crypto

Official Website: newsbtc.com

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Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 16 hours ago

Coverage Areas: United Kingdom

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