Here’s How High DOGE Will Go If Bitcoin Reaches $13 Million

Dogecoin price could reach a bold double-digit figure if it follows Bitcoin’s path as Bitcoin targets $13 million target.

Saylor: Bitcoin to $13 million

For context, the $13 million goal was set by the head of MicroStrategy and Bitcoin Bull Michael Saylor last year. Speaking on CNBC’s Squawk Box last September, Saylor boldly predicted that Bitcoin would reach $13 million in 2045, twenty years from now.

His prediction came at a time when Bitcoin was struggling to overcome the $60,000 price area after abandoning it in August 2024. At the time of Saylor’s prediction, Bitcoin was trading at around $58,000. However, this battle is on $60,000 area Bitcoin advocates were not discouraged.

It is worth noting that Saylor’s bullish stance on Bitcoin indirectly translates into a bullish stance in the broader cryptocurrency market despite him being a Bitcoin proponent. This is due to the close connection between Bitcoin And the rest of the cryptocurrency market, especially the top altcoins.

Dogecoin price relationship with Bitcoin

For example, CoinMarketCap data indicates that Dogecoin price has followed Bitcoin’s trend over the past week amid ongoing market uncertainty. However, the leading meme coin is seeing more drops and bigger gains due to its high volatility.

This close price relationship confirms that altcoins like Dogecoin are likely to benefit significantly if Bitcoin reaches the ambitious $13 million price target set by Michael Saylor.

To put things into perspective, Bitcoin is currently trading at $94,250, down about 5% in the past seven days. In order for the cryptocurrency asset to reach the $13 million target, it must You will have to A huge increase of 13,693%. Furthermore, the increase from $94,250 to $13 million translates to a CAGR of 27.9% over A period of twenty years.

Dogecoin price if BTC reaches $13 million

if Dogecoin price It follows Bitcoin’s path and experiences a similar growth rate, as will its price A rise of 13,693% in the next 20 years. With DOGE currently trading at $0.3325 at press time, a 13,693% gain would result in $45.86.

Given the historical price performance of Bitcoin and Dogecoin, a CAGR of 27.9% remains very possible. For context, Bitcoin saw a 120.9% annual increase in 2024 alone, mostly due to its rise in the first and fourth quarters. Meanwhile, DOGE saw an even bigger rise of 252.8% in 2024.

However, bear market years could dampen this projected growth. However, higher prices during bullish periods may offset this increase That this The crypto asset could be on the rise in a few years, considering a CAGR of 27.9%.