Michael Saylor Forecasts Bitcoin To Become 7% of World Capital

Though the crypto industry is competent enough to promote itself among investors, many tech giants have endorsed this industry for financial inclusivity and freedom. It includes the Tesla owner Elon Musk, Rich Dad Poor Dad author Robert Kiyosaki, crypto influencers, and many more. In this one such personality, Michael Saylor has not only accepted Bitcoin in their personal life but has made their company, Microstrategy, a popular business intelligence and cloud-based service provider, into a Bitcoin holder.

As per the latest report, Microstrategy has 226,500 BTC and has no intention of stopping this buying spree anytime soon. The indications of this to stop have reduced to zero. It is because the founder & CEO, Michael believes in Bitcoin becoming a superpower and covering 7% of the world capital.

Michael Saylor Sees Bitcoin Price at $13M & 7% of World Capital.

In a CNBC interview with Joe Kernen, Michael Saylor has once again presented his trust in Bitcoin and his commitment to supporting this token. Though the entire interview has run around it, Michael’s one statement showed the most power when he revealed how the Bitcoin price is to hit $13M in the upcoming years. More importantly, he forecasted Bitcoin to occupy 7% of the world capital.

Bitcoin is 0.1% of the world capital right now, and I think it will go to 7% in my long-term prediction.

Michael Saylor has previously forecasted many futures for BTC, and none of them were average. He has always anticipated the BTC price to surge past the $10 Million mark. Even during the Bitcoin Conference in July, he revealed that despite the slow growth rate fluctuating between 55% to 20%, the Bitcoin Price to hit Thirteen Million by 20245.

As per Michael, Bitcoin is growing 44% per year and would trade soon around S&P500 volume plus 8% due to global, open, and free to the capital markets. Moreover, over the 21 years, it will move from its 0.1% stake to the 7% of the world capital, beating any other asset.

Bernstein Analysts Forecasts Bitcoin Price To Hit $90K In Q4

So much is happening in the crypto market, and just a minute of a trend can make or destroy the upcoming gains. The user’s sentiments around Bitcoin have turned bearish after its earlier drop to $52K. However, the value has recovered significantly since then, currently at $56.8K after hitting $58.4K earlier in the day. It has become a ray of hope for the holders to see the token move towards a high of $90K, predicted by Bernstein analysts.

However, per these analysts, one event must happen for the BTC price to hit the $90K mark in Q4, which is Donald Trump becoming president. This is more significant as Trump has turned into a crypto supporter. And with him in the presidency, investors anticipate a significant push in the crypto token’s value.

Not only he is seen as the solution to the crypto market’s crunch, but Elon Musk Called Donald Trump’s win once-in-a-lifetime opportunity to prevent US bankruptcy. However, the election outcome is hard to predict yet, with the other candidates working on the same and collecting the crypto user’s attention.

Final Thoughts

Michael Saylor has once again confirmed the BTC price might hit $13M in the next 21 years. However, what is more important is that it will cover 7% of the world capital, as it is only at 0.1% now. Along with seeing this token action in the global market, Michael is also growing his BTC holding from the current 1% to as high as possible. Over the years, Microstrategy’s constant buying has been a major event in the industry, maintaining users’ trust in this crypto.

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Pooja Khardia

With a deep-seated passion for reading and five years of experience in content writing, Pooja is now focused on crafting trending content about cryptocurrency market.

As a dedicated crypto journalist, Pooja is constantly seeking out trending topics and informative statistics to create compelling pieces for crypto enthusiasts. Staying abreast of the latest trends and advancements in the field is an integral part of her daily routine, fueling a commitment to delivering timely and insightful coverage

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.