According to Saylor, Bitcoin is projected to grow at an average annual rate of 29% over the next 21 years, and by 2045, in his best-case scenario, Bitcoin could be worth $13 million.
“Every Bitcoin you don’t buy will cost you $13 million, my friend,” Saylor stated.
Daniele Bernardi, a serial entrepreneur and founder of Diaman, a group engaged in investment management, software development, and cryptocurrency, decided to conduct a thorough analysis to verify this claim.
There exists a model called "Adoption Rate" — it correlates the price of Bitcoin with the growth rates of "non-zero" wallets, meaning wallets that hold at least a fraction of a Bitcoin.
Bernardi first presented this model in February 2020 at the Quant Workshop conference organized by Diaman Partners Ltd. The model predicted a peak in 2021 at $63,000, which was slightly below the historical high of $67,000 in October 2021. In 2023, he updated the model. The forecast for the current cycle was $130,000 — a price Bitcoin is expected to reach soon.