Michael Saylor, Executive Chairman at MicroStrategy (MSTR), thinks a single Bitcoin (BTC) could be worth as much as $49 million by 2045, implying 84,380% upside from its current price. Bitcoin's price is a product of supply and demand, and Michael Saylor says spot Bitcoin ETFs are unlocking a decade's worth of pent-up demand for the cryptocurrency. Bitcoin block subsidies have been reduced by 50% four times in history, and the cryptocurrency has always become more valuable from one halving event to the next.

MicroStrategy owned 226,500 BTC as of July 31, 2024, currently worth more than $13 billion. So, buying shares of MicroStrategy stock is tantamount to buying Bitcoin. The company has a market capitalization of $25 billion, and a substantial portion of that value is derived from its Bitcoin holdings.

Saylor recently delivered a keynote speech at a Bitcoin conference in Nashville, Tennessee, during which he shared his 20-year outlook saying “... I've got a bear case and a bull case. But what I think will happen is that 55% [compound annual growth rate in Bitcoin] goes to 50%, 45%, 35%, 30%, 25%, 20%. It's between 50% and 20%. It will gradually decelerate until it's growing about twice as fast as the S&P 500 index. And at that rate, Bitcoin's $13 million a coin in the year 2045. $13 million! It could be a $3 million bear case and a $49 million bull case.”