Strategy Chairman Michael Saylor confidently affirms a 30% growth rate each year for the next 20 years, based on institutional acceptance and scarce supply.
Michael Saylor continues to show strong confidence in the long-term prospects of Bit, affirming that the bold forecast of $13 million by 2045 is becoming increasingly feasible as the market witnesses significant structural changes.
In an interview with CNBC on 6/6, the CEO of MicroStrategy – now operating under the new name Strategy – reiterated the forecast made in July 2024 about the possibility of Bit reaching $13 million. This growth model is based on the assumption that Bit will increase Medium by 29% each year over 21 years, from $65,000 at the time of the forecast.
With Bit now having surpassed $100,000, Saylor says he is becoming more optimistic about the prospects of this digital asset. "I am becoming more optimistic about that forecast. I am completely confident with a Medium growth rate of 30% each year over the next 20 years," he affirmed.
Saylor's strong confidence is reinforced by structural changes in the legal and market environment. He emphasizes the U.S. regulatory body's official classification of Bit as a digital commodity, the application of fair value accounting regulations, and the legal clarity allowing banks to provide Bit custody services.
Momentum from Institutional Acceptance
These changes have strongly driven demand from financial institutions. According to Saylor, around 100 listed companies, possibly more, are currently holding Bit on their balance sheets. "And every week, new names are joining, reflecting a broad change in corporate treasury management strategy," he notes.
The scarcity of supply is also seen by Saylor as a key driver for price appreciation. Currently, only about 450 Bit are mined daily, equivalent to around $45-50 million at current prices. This limited issuance is being fully absorbed by institutional investors, including ETFs and large corporations.
When comparing performance across asset classes, he points out that Bit has delivered a compound annual growth rate (CAGR) of 57% over the past four and a half years. This figure is double that of the "Magnificent Seven" stocks, four times the S&P 500 index, eight times the Medium real estate market, while bonds have even declined by 4%.
Based on these data, Saylor believes Bit's growth prospects may far exceed previous assumptions, confidently concluding: "I am very optimistic."
