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1 Top Cryptocurrency to Buy Before It Rises 13.616%, According to Michael Saylor
The market has had a year full of volatility, especially in April, largely due to the fluctuations caused by President Donald Trump's tariffs. No asset was exempt, including the world's largest cryptocurrency Bitcoin (CRYPTO: BTC), which recovered to a low of $75,000 at the beginning of April but has proven to be quite resilient, rising back to around $94,780 ( as of April 28, 4). Overall, Bitcoin has performed very well since Trump won the election in early November and has increased by about 38% since then. No one is more optimistic than Michael Saylor, co-founder and CEO of MicroStrategy (NASDAQ: MSTR), currently doing business under the name Strategy. Saylor believes the surge in Bitcoin has only just begun to accelerate. In fact, Saylor thinks Bitcoin could rise to $13 million per token over time. This is why. In 2020, Saylor pivoted the business at MicroStrategy, originally a business intelligence company, and began using all available cash to buy Bitcoin in bulk. Since then, Bitcoin has soared, as have the shares of MicroStrategy. Saylor has been able to tap into the capital markets to raise funds that the company can use to buy more Bitcoin.
Success has made Saylor even more optimistic. He shocked the world last year when he said he thinks Bitcoin could rise to 13 million dollars per token. His argument is that he believes Bitcoin could generate an average annual return of 29% over the next 20 years, bringing the token up to 13 million dollars, implying a 13,616% increase from the current level. "Right now, we are at an ARR of 60%, it will slow down to 20% ARR over the next 21 years and volatility will decrease," he said. Since that time, Saylor has not wavered. MicroStrategy has not only continued to buy Bitcoin at high prices, but in a recent interview, Saylor's comments indicate that he remains optimistic about Bitcoin as he did before. He stated that Bitcoin will increase 30% to 60% each year for the next 20 years. "... I bought it at $10,000. I will buy it for billions of dollars at $100,000. I will buy it for a million dollars and I will buy it for $10 million," Saylor said. Despite the increasing instability for investors, the regulatory environment has certainly improved significantly for cryptocurrencies since Trump took office. Regulatory authorities that previously took a stricter approach to cryptocurrency regulation have resigned or been pushed out. Trump has brought in pro-cryptocurrency officials as advisors and in his cabinet, and he has even created a strategic Bitcoin reserve fund. Recently, federal bank regulators have withdrawn guidance that essentially required banks to exercise caution when interacting with cryptocurrencies and to seek permission from regulatory agencies before engaging in certain cryptocurrency-related activities. This is a clear acknowledgment for banks and traditional financial institutions that they can freely integrate cryptocurrencies into the mainstream financial system further. Brokerage firms also find it easier to sell a wider variety of cryptocurrencies. Will Bitcoin reach 13 million dollars? I will certainly warn investors not to read too much into Saylor's bold prediction of 13 million dollars. It is unclear how he arrived at that annual return. Attempting to predict a price target for such a volatile asset like Bitcoin seems impossible. However, I think investors can buy some Bitcoin for their portfolios and it can serve as another good diversification tool. With a limited supply of 21 million Bitcoin tokens, many believe that Bitcoin can act as a hedge against inflation or a form of digital gold, which has surged in price wildly in recent years. Furthermore, it is still unclear what will happen to the US dollar under Trump's tariffs and considering the debt issues that the US government is facing. Bitcoin historically has an inverse relationship with the dollar, as it was created as an alternative currency. For all these reasons, I think investors may gain exposure to Bitcoin and it will rise higher over time. Whether it will reach nearly 13 million dollars per token remains a big guess.