Samson Mow supports Michael Saylor’s prediction of Bitcoin reaching $13 million by 2045, suggesting the US dollar will no longer exist.
Points
- Michael Saylor predicts Bitcoin could reach $13 million by 2045.
- Samson Mow supports Saylor’s forecast.
- Peter Schiff criticizes Saylor’s bullish stance on Bitcoin.
Samson Mow recently commented on a presentation by fellow Bitcoin proponent Michael Saylor, expressing his support for Saylor’s prediction. According to Saylor, Bitcoin could reach $13 million by 2045, requiring a 29% annual return and a market cap of $280 trillion. In a bullish scenario, it could hit $49 million, while the bearish case suggests $3 million.
“By 2045 the dollar will not exist,” Mow wrote, referencing a slide from Saylor’s presentation at the Bitcoin 2024 Conference in Nashville.
Saylor’s comments sparked criticism from Bitcoin skeptic Peter Schiff, who accused him of advocating for a government bailout of Bitcoin, suggesting taxpayers would be left holding the losses.
Ironically, @saylor is looking for a government #Bitcoin bailout. He knows the Bitcoin blockchain letter is running out of chain and wants the U.S. government to become the buyer of last resort, leaving American taxpayers as the ultimate bag holders in the Bitcoin pyramid scheme.— Peter Schiff （@PeterSchiff） July 26, 2024
Bitcoin recently rose from near $65,000 to almost $68,000, following a significant drop below $64,000 when $300 million worth of cryptocurrency was liquidated. Despite concerns, the distribution of 95K Bitcoins from Mt. Gox’s insolvency did not negatively impact the market, with Bitcoin prices regaining stability.