Michael Saylor delivered a highly ambitious Bitcoin price prediction, explaining that it presented a $100 trillion opportunity. That is a significant number, considering the global GDP currently stands at $115 trillion and the market cap of all companies is $116 trillion. Gold, which has existed since time immemorial, is valued at $20 trillion.
Bitcoin Price if Market Cap Hits $100 Trillion
The Bitcoin price trades at $107,000, giving it a circulating market capitalization of $2.13 trillion and a fully diluted valuation of $2.25 trillion.
Therefore, for Bitcoin’s market cap to get to $100 trillion, it needs to trade at about $5,040,323 based on the current coins in circulation. That implies a 4,610% surge from the current level.
Based on the full 21 million in circulation, BTC price needs to jump to $4,761,905 to achieve a $100 million market cap.
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Can BTC Market Cap Hit $100 Trillion?
With these numbers in mind, the next stage is to assess whether BTC can jump to between $4.7 million and $5.04 million.
A closer look shows that it is highly possible for this to happen. While a 4,610% surge may seem significant, it is actually minuscule compared to what Bitcoin has achieved in the past. It has jumped by over 26,900% in the last ten years. If Bitcoin replicated the same growth in the next decade, then its price would be at least $28.8 million.
Bitcoin’s performance over the last decade was notable, as retail investors primarily drove it. Institutions began to show interest in 2024 following the approval of spot Bitcoin ETFs.
The next decade is expected to see a surge in demand from retail, institutional, and sovereign investors.
Most importantly, this demand will happen at a time when the Bitcoin supply is limited. Strategy already holds 2% of all supply, while spot Bitcoin ETFs hold 6.1%. Supply in exchanges has dropped from over 3.2 million in 2018 to 1.3 million today.
Therefore, while predicting a $100 trillion BTC price may seem unachievable, history shows that it is indeed possible.
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