Best cryptocurrencies to buy before they rise 12,630%, according to MicroStrategy founder Michael Saylor

If you’re sticking with cryptocurrencies in 2024, your decision has paid off handsomely. President-elect Donald Trump’s victory in early November sent the entire sector higher. Trump has promised a friendlier regulatory environment toward cryptocurrencies and even growth policies that will make the United States the “crypto capital of the world.”

Few companies or people have benefited from this more than Michael Saylor, founder Accurate strategy (MSTR -1.93%)which made a huge shift in 2020 and started buying just as much Bitcoin (Bitcoin -2.43%) As possible. Bitcoin It held up well into 2024, but took off after Trump won the election, even topping $107,000 at one point. Saylor, a perennial Bitcoin bull, believes the rally has only just begun. This is why.

He puts his money where his mouth is

Saylor and MicroStrategy have faced a lot of ridicule over the years. But Saylor has not wavered from his belief in Bitcoin, and appears to be a true believer in the growth prospects of the world’s largest cryptocurrency.

In November, Saylor publicly said he expects Bitcoin to reach $13 million by 2045, which would mean a 12,630% upside from current levels (as of January 6). The area is two-fold. First, Saylor believes that Bitcoin can deliver annual returns of 29% over the next 21 years or so, which is how he reached his $13 million price target. This belief is based on the fact that Bitcoin generates 60% annual returns, which will slow as the token becomes larger and less volatile over time.

Saylor also previously said that Bitcoin will consume more global capital as adoption grows. Bitcoin currently accounts for roughly 10 or 20 basis points of global capital, and Saylor believes that number could rise to 7%. Amid Bitcoin’s extraordinary rally, MicroStrategy has bought tons of Bitcoin at levels as high as $106,000, showing that the company has no plans to take any chips off the table.

MicroStrategy is Largest public owner of Bitcoin and owns more than 1% of the tokens. Furthermore, MicroStrategy announced plans to raise $42 billion in capital through debt and equity over the next three years to go out and buy more Bitcoin.

Strong tailwinds fuel Bitcoin

It’s difficult to predict the future, especially in the near term, but I don’t think we’ve seen the final leg of the current cryptocurrency rally yet. Trump has appointed or nominated several cryptocurrency advocates to take key roles on his staff and administration, and they have the ability to recommend and even pass rules and laws that could make the environment more attractive for cryptocurrencies. This could be through more cryptocurrency exchange-traded funds and friendlier accounting rules that make institutional adoption of cryptocurrencies easier.

Congress also seems to be pro-crypto. It is possible that many pending laws will be passed soon Clarifying regulatory gray areas And creating more growth opportunities for this sector.

Saylor’s $13 million assumption seems to be supported by unconventional math, so I won’t read too much into it. Making long-term forecasts for the prices of volatile assets like Bitcoin is a fool’s errand. However, Bitcoin has proven remarkably resilient. It is increasingly viewed as A form of digital gold Due to the limited supply of 21 million tokens, thus as an inflation hedge. Some specialists even suggest this Allocate a small portion From your Bitcoin retirement wallet.

I expect Bitcoin to remain volatile and face bear markets in the future, but I believe Bitcoin is an asset worth getting exposure to. It should rise in the long term.