Unsurprisingly, Michael Saylor’s steadfast optimism regarding Bitcoin (BTC) remains unshaken. The MicroStrategy executive chairman reaffirmed his bullish stance on Friday, forecasting the cryptocurrency’s price escalation to an astronomical $13 million by 2045 in his base scenario.

Speaking at the Bitcoin 2024 conference in Nashville, Saylor highlighted that Bitcoin’s current valuation, hovering around $65,000, bestows it with a market capitalization of $1.3 trillion—merely 0.1% of the world’s total wealth.

Read more: Crypto Stocks Surge Amidst Bitcoin Price Rally

Saylor elaborated that for Bitcoin to achieve his projected $13 million mark by 2045, it would necessitate an annual return rate of 29%. At this valuation, Bitcoin’s market cap would soar to $280 trillion, constituting 7% of global wealth.

In an optimistic scenario, Saylor envisaged Bitcoin attaining a value of up to $49 million, capturing 22% of global wealth. Conversely, his conservative scenario posited a valuation of $3 million, equating to 2% of global wealth.

Under Saylor’s stewardship, MicroStrategy has amassed a significant Bitcoin reserve, currently comprising 226,331 tokens. This trove, accrued over the past four years, is now valued at approximately $15 billion—an impressive 80% increase over the cumulative purchase cost.