Apr 17, 2025 04:22 AM IST
In the midst of the 2024 tariff-induced market turmoil, investors are considering Bitcoin as a safeguard. Billionaire Michael Saylor forecasts an astonishing 15,000% increase for Bitcoin—what’s the reasoning behind this?
2024 has been rife with tariffs, as the US President’s erratic trade policies instigate significant market fluctuations and investor anxiety. With stocks experiencing instability, many are questioning whether it’s time to abandon conventional assets. Enter Bitcoin: the digital currency which one billionaire asserts could soar a staggering 15,000% in the decades ahead.
Does Tariff Turmoil Indicate Bitcoin is the Best Hedge?
As reported by The Motley Fool, Michael Saylor, co-founder of the software and Bitcoin powerhouse MicroStrategy, remains confidently optimistic. He forecasts that Bitcoin could reach an incredible $13 million per coin by 2045 if it secures just 7% of the global wealth. His rationale? The escalating government debt and relentless money creation might compel institutions, corporations, and even nations to turn to Bitcoin’s limited supply of 21 million coins.
Michael Saylor’s Vision of $13 Million Bitcoin
However, is this aspiration grounded in reality or merely excessive optimism? Critics have noted that Bitcoin’s price volatility turns it into a gamble, particularly in times of economic instability. Nevertheless, Saylor’s viewpoint resonates with a rising concern: that tariffs and geopolitical conflicts may erode trust in the traditional financial system. Unlike stocks tied to precarious supply chains, Bitcoin operates autonomously, unaffected by trade restrictions or political whims.
Is Investing in Bitcoin a Wise Choice?
Significant risks arise with cryptocurrency investments, especially given its unpredictable nature. A prudent investor should proceed with caution and careful deliberation before allocating funds to risky assets like Bitcoin and other popular cryptocurrencies. Saylor’s prediction relies on a profound and transformative change in the global perception of wealth storage—a risk that could either reshape portfolios or leave investors with losses. In these turbulent market conditions, one thing is evident: in the era of tariffs, even digital gold cannot guarantee safety.
