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0.000246194312076351 -0.00127700606053221 0.00727525629820786 0.00781706431222758 -0.0166444053752951 -0.00439110460008781 0.00459013611544181 -0.00484242322900887
Stock impact report

Why Michael Saylor sees bitcoin soaring to $13 million by 2045 [Yahoo! Finance]

MicroStrategy Incorporated - Class A (MSTR) 
Last microstrategy incorporated - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
Company Research Source: Yahoo! Finance
Saylor attributes bitcoin's potential growth to increased adoption by investors and lower volatility. Republican control in Washington could lead to bitcoin-friendly policies that boost its value even higher, Saylor said. Even as the cryptocurrency approaches a record high of $100,000, Michael Saylor still sees massive gains ahead to the tune of about 12,900%. The cofounder and chairman of MicroStrategy told CNBC on Friday that bitcoin should deliver an annualized rate of return of 29% over the next 21 years. "My long-term forecast is 21 years, 29% ARR. Right now we're 60% ARR, it will decelerate toward 20% ARR over the next 21 years, and the volatility will decelerate," Saylor said. Simply put, Saylor believes that as bitcoin's adoption grows and its investor base expands, its volatility should decrease significantly. If that pans out, gone are the days of bitcoin experiencing painful drawdowns of more than 80%. Saylor's prediction that bitcoin will see its volatility de Show less Read more
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