BlackRock Bitcoin ETF Could Surge 12,400% by 2045, Says Billionaire Michael Saylor

Michael Saylor, the billionaire co-founder of MicroStrategy, has made a bold prediction about Bitcoin’s future — and it has big implications for investors in BlackRock’s Bitcoin ETF.

BlackRock, the global investment giant managing nearly $12 trillion in assets, launched its iShares Bitcoin Trust ETF early last year. The fund has quickly become the largest spot Bitcoin ETF by assets under management, drawing attention from investors eager to tap into the cryptocurrency’s growth without the hassle of managing wallets or private keys.

Saylor, known for his outspoken support of Bitcoin, says he expects the cryptocurrency to climb to $13 million per coin by 2045. That would mean Bitcoin’s value could rise more than 12,000% over the next two decades. Given that BlackRock’s ETF is designed to track Bitcoin’s price, this could translate into similarly impressive returns for investors in the fund.

Bitcoin’s price has already surged dramatically over the past decade, gaining more than 46,000% since 2015. It currently trades around $106,000, just shy of its recent peak above $110,000. Saylor’s projection is based on his belief that Bitcoin will capture a growing share of global assets — up to 7% in his base scenario — as money shifts from traditional investments like stocks and real estate into digital currency.

He also presents a more optimistic forecast where Bitcoin takes 22% of global assets, pushing its value near $49 million per coin. Even the bearish scenario, with Bitcoin capturing only 2% of assets, still implies a price of around $3 million.

BlackRock’s ETF offers an easier way for investors to gain exposure to Bitcoin without dealing with the complexities of owning the cryptocurrency directly. Investors can buy and sell shares through their regular brokerage accounts, making it particularly appealing to institutions like hedge funds and pension funds that might have restrictions on direct crypto holdings.

The fund also charges a relatively low fee of 0.25%, which helps investors keep more of their returns over time.

While long-term price predictions for Bitcoin are always uncertain, Saylor’s views highlight the growing confidence in the cryptocurrency’s potential to become a significant part of the financial system. His company, Strategy, is now one of the largest corporate holders of Bitcoin, with more than 580,000 coins on its balance sheet.

For investors considering BlackRock’s Bitcoin ETF, the key takeaway is the fund’s accessibility and regulatory approval, offering a streamlined path to participate in Bitcoin’s future growth. But as with all investments, especially in volatile markets like cryptocurrency, understanding the risks is crucial before committing capital.

With more institutions warming up to Bitcoin and products like BlackRock’s ETF making it easier to invest, the next decade could be pivotal for digital assets in mainstream finance.

Also Read: GameStop Buys $513 Million in Bitcoin to Reinforce Its Cryptocurrency Strategy