Michael Saylor, CEO of publicly traded company Strategy (formerly MicroStrategy), has doubled down on his bullish prediction for Bitcoin. In a recent CNBC interview on Squawk Box, he boldly predicted that Bitcoin’s value could soar as high as $13 million per coin by 2045. This represents a staggering 12,328% increase from current levels. This forecast followed Saylor’s earlier projection of a 29% annual return at the 2024 Bitcoin Conference in Nashville. 2045 has become his target for achieving his prediction. His optimism stems from several factors: Bitcoin’s limited supply, growing institutional interest, and positive regulatory changes all contribute to this bullish outlook. Saylor points to over 100 public companies who have already adopted Bitcoin on their balance sheets, a trend he sees continuing to expand every week. The emergence of more than $122 billion worth of Bitcoin ETFs further bolsters mainstream adoption. Strategy continues its leadership role in corporate Bitcoin adoption. Recently, the company announced plans to raise nearly $1 billion through a preferred stock sale to increase Bitcoin investments. Partnering with Strategy is Japan’s Metaplanet, aiming to raise an additional $5.4 billion for more significant Bitcoin investments. Despite prices currently hovering below $105,000, Saylor remains confident due to Bitcoin’s limited supply, only 450 new BTC released daily, mostly absorbed by ETFs and the Treasury. Additionally, the number of Bitcoin held on exchanges is at its lowest point in seven years, indicating a high level of institutional conviction. This low number signifies strong confidence from institutional investors in the future of Bitcoin.