Michael Saylor Predicted Bitcoin Will Return 30% Annually for the Next 20 Years.
Here’s What That Would Mean for a $10,000 Investment
Bitcoin (CRYPTO: BTC) is well off the all-time high it set last year, but one of its biggest supporters remains bullish. Michael Saylor, co-founder and executive chairman of Strategy (NASDAQ: MSTR), appeared on “The Diary of a CEO” on Aug. 6. While discussing Bitcoin, he said, “I think it appreciates about 30% a year for the next 20 years.” After that, he expects it to slow to about 20% per year.
The stock market’s average return is about 10% per year, so Bitcoin would grow your money much more if Saylor is correct. That’s a big if, though. What 30% per year would mean for a $10,000 investment If Saylor’s forecast for Bitcoin is accurate, a $10,000 investment would be a millionaire-maker.