Michael Saylor’s Bold $10M Bitcoin Target: Feasible?

John Darbie
Photo: Finoracle.net

Unpacking Michael Saylor’s Latest Bitcoin Forecast of $10M Per Coin

Bitcoin (BTC) could reach $10 million per coin, according to Michael Saylor, the CEO of MicroStrategy. Despite a dip to $62K, down 13% from its June high of $71.9K, Saylor remains highly optimistic about Bitcoin's long-term value. In a recent interview, he even called his forecast "economic immortality."

Saylor stated,

"What’s the difference between perfect money and imperfect money? Perfect money is economic immortality. Imperfect money has a short brutal life."

Saylor compared traditional currency to imperfect money, noting that crises often push people toward Bitcoin.

Michael Saylor’s Target: Is $10M per BTC Feasible?

The Power Law model supports Michael Saylor's bold projection of $10 million per BTC by 2040. This model uses historical trends and previous growth on a logarithmic scale to predict future prices. According to Bitbo, by this model:

  • After 2028: The price will never drop below $100,000.
  • Between 2028 and 2037: The price could hit $1 million per bitcoin.
  • After 2037: The price will never fall below $1 million.

However, it's important to note that this projection has limitations. The model doesn’t account for technological advancements, regulatory changes, or other factors that could impact BTC.

Previous Projections

This isn't the first time Michael Saylor has made bold predictions about Bitcoin. In December 2023, he mentioned that the BTC market cap could reach 10%-20% of the total world wealth ($900-$1000 trillion). According to Saylor, if Bitcoin captures 20% of global assets, it could indeed reach $10 million per coin.

As of now, Bitcoin's market value stands at $1.2 trillion, which is less than 1% of total world wealth.

Key Takeaways:

  • Michael Saylor remains extremely bullish on Bitcoin, foreseeing a price of $10 million per BTC.
  • The Power Law model supports this prediction, although it has its limitations.
  • Saylor believes that Bitcoin offers "economic immortality" compared to traditional currencies.

Understanding these forecasts and the assumptions behind them can help make more informed decisions about investing in Bitcoin.


For more updates on Bitcoin and financial forecasts, stay tuned to our latest articles.

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John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.