- Michael Saylor predicts Bitcoin could eventually reach $10 million per coin, citing its potential as “economic immortality.”
- The Power Law model projects Bitcoin’s price will not fall below $100,000 after 2028, possibly reaching $1 million by 2037.
Bitcoin’s value recently dipped to $62,000, marking a 13% drop from its June high of $71.9K. Despite this decline, Michael Saylor, CEO of MicroStrategy, remains optimistic about Bitcoin’s potential, predicting an eventual rise to $10 million per coin.
In an interview, Saylor described Bitcoin as “economic immortality,” contrasting it with what he calls “imperfect money”—traditional currencies that may falter during economic crises. According to him, Bitcoin offers a stable alternative during such times, attracting more people and businesses to its security.
As we have previously written in ETHNews, Saylor’s prediction rests on the Power Law model, which uses historical trends to forecast future prices on a logarithmic scale. This model predicts that Bitcoin’s price will not fall below $100,000 after 2028, and it could reach $1 million sometime between 2028 and 2037, never dropping below that threshold thereafter.
However, the Power Law model, while providing a structured outlook, does not consider factors such as technological advancements or regulatory changes that could impact Bitcoin’s value. Therefore, it should be viewed as a guide rather than an absolute prediction.
Backing his view, Saylor noted in December 2023 that Bitcoin’s market capitalization might eventually represent 10% to 20% of the total global wealth, estimated between $900 trillion to $1 trillion. This would mean Bitcoin could reach the $10 million mark per coin if it captures 20% of global assets.
Currently, Bitcoin’s market value is around $1.2 trillion, less than 1% of the world’s wealth, according to data from CoinMarketCap.
These figures are not just speculative; they suggest a role for Bitcoin in the future global economy, potentially reshaping financial interactions on a global scale.
