Strategy's Michael Saylor Says Bitcoin Will Grow at 30% Per Year for the Next 20 Years. Could He Be Right?
Strategy (NASDAQ: MSTR) founder and Chief Executive Officer Michael Saylor is one of the most vocal of the Bitcoin (CRYPTO: BTC) bulls out there, and in recent days, he made yet another series of incredibly optimistic predictions about the coin's growth during the coming decades. Saylor says he expects the price of Bitcoin to rise at a 30% annual rate during the next 20 years, bringing its price into the ballpark of $13 million per coin.For reference, its price is currently about $104,000, so Saylor's projection appears to be, at least on its face, extraordinarily ambitious, bordering on fantastical, or perhaps even what some would describe as delusional.Could he be right, or is this just another instance of another celebrity portfolio manager making lofty predictions in the course of "talking his book" to attract fresh capital for his most important investment?Continue reading
Strategy (NASDAQ: MSTR) founder and Chief Executive Officer Michael Saylor is one of the most vocal of the Bitcoin (CRYPTO: BTC) bulls out there, and in recent days, he made yet another series of incredibly optimistic predictions about the coin's growth during the coming decades. Saylor says he expects the price of Bitcoin to rise at a 30% annual rate during the next 20 years, bringing its price into the ballpark of $13 million per coin.
For reference, its price is currently about $104,000, so Saylor's projection appears to be, at least on its face, extraordinarily ambitious, bordering on fantastical, or perhaps even what some would describe as delusional.
Could he be right, or is this just another instance of another celebrity portfolio manager making lofty predictions in the course of "talking his book" to attract fresh capital for his most important investment?
