Michael Saylor foresees Bitcoin capturing 7% of global wealth
Quick Take
In a recent interview on CNBC, MicroStrategy\’s Executive Chairman, Michael Saylor, shared his long-term outlook on Bitcoin. Saylor was asked about Bitcoin\’s position as \”digital gold\” and its potential to capture a portion of gold\’s market cap.
He explained that Bitcoin currently represents about 0.1% of global wealth, with a price of around $55,000 and a market cap of just over $1 trillion. However, Saylor believes that Bitcoin\’s future is much brighter, predicting that it could rise to 7% of the world\’s capital. This would place the price of a single Bitcoin at roughly $2 million, assuming global wealth is approximately $500 trillion. However, estimates of global wealth vary significantly.
Looking even further ahead, Saylor forecasted that Bitcoin could reach a staggering $13 million per coin over the next 21 years. He also touched on Bitcoin\’s historical growth rate, noting that while its compound annual growth rate (CAGR) has been around 44%, he expects this to diminish over time.
Ultimately, he believes Bitcoin\’s return will align with the S&P 500\’s return (approximately 13% CAGR), plus an additional 8%, due to Bitcoin\’s global, open nature as a free capital asset.
