Michael Saylor Predicts Bitcoin Will Hit $13 Million by 2045 as MSTR Stock Surges 567%

Unsurprisingly, Michael Saylor, cofounder of MicroStrategy (MSTR), remains extremely bullish on Bitcoin. He is so bullish, in fact, that he is predicting

Michael Saylor, cofounder of MicroStrategy (NASDAQ:MSTR), is well-known for his bullish stance on Bitcoin. In fact, his optimism is so strong that he is predicting the cryptocurrency will reach $13 million per coin by 2045—a staggering 12,900% gain from current levels.

In an interview with CNBC, Saylor forecasted an annualized return of 29% over the next 21 years, which would decrease from its current 60% rate as adoption grows.

According to Saylor, this decrease in volatility is to be expected as more institutional investors enter the crypto space. As a result of this decreased volatility, Bitcoin’s returns will become more stable and less prone to the 80% crashes that have been observed in the past.

Furthermore, Saylor views Donald Trump’s recent election win and the Republican control of Congress as a significant tailwind for crypto. With the GOP’s generally pro-crypto stance, he anticipates legislation that will support the industry, including the possible creation of a strategic Bitcoin reserve. Notably, Senator Cynthia Lummis has even suggested that the Federal Reserve sell some gold to buy Bitcoin, which could notably propel the industry’s growth.

Michael Saylor Is Not Done Buying

It's undeniable that MSTR stock has flourished under Saylor’s leadership. In fact, thanks to him, MicroStrategy has gone all-in on Bitcoin and has amassed over 331,200 coins, valued at over $30 billion. However, the company is planning to continue raising funds through a combination of convertible bonds and equity to continue purchasing more.

Is MSTR a Good Stock to Buy?

Turning to Wall Street, analysts have a Strong Buy consensus rating on MSTR stock, supported by eight Buys assigned in the past three months, as shown in the graphic below. However, after a 567% surge in its share price on a year-to-date basis, the average MSTR price target of $357.38 per share indicates a potential downside risk of 15.3%.

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