Holding 0.01 BTC could yield massive portfolio upsides if Bitcoin hits $13 million per coin, as Strategy (MicroStrategy) chairman Michael Saylor predicted.
Bitcoin’s price has surged extensively over the years, rewarding investors who have steadfastly held onto their bags. The pioneering cryptocurrency started off from less than $1 and rallied to an all-time high of $109,000 last month.
While buying 1 BTC could prove a herculean task for average investors following its current price, holding a fraction of the asset could still be rewarding. This article paints the picture of how much 0.01 BTC could be worth if Bitcoin hits a staggering $13 million per coin.
Is Bitcoin to $13M Possible?
Bitcoin’s historical performance and growing prospects in the financial market have shown that the premier asset has more room for expansion. Notably, MicroStrategy chairman Michael Saylor thinks these factors and new catalysts could spur a surge to $13 million by 2045.
The popular Bitcoin evangelist predicted a base 20% annual growth for the asset with an average rate of return (ARR) of 29%. Furthermore, his analysis stated that Bitcoin would capture 7% of the global market capital, citing its zero-counterparty risk.
Meanwhile, Saylor’s Strategy has aligned with this vision, incessantly stacking Bitcoin while prices remain far from the $13 million outlook. The firm currently holds 499,096 BTC, worth $44.64 billion at the current market price.
Here’s How Much 0.01 BTC Costs
Having established Bitcoin’s $13 million potential, here’s how much holding a fraction of it costs in the present market. At the time of writing, the pioneering cryptocurrency trades at $89,200, down over 6% in the past 24 hours.
As a result, acquiring 0.01 BTC would cost $892. It bears mentioning that the recent dip has ensured that Bitcoin sells at a discounted rate compared to its earlier prices. For context, buying 0.01 BTC in January while it traded above $100,000 would mean spending at least $1,000.
How Much $892 Will Be Worth If Bitcoin Hits $13M
Meanwhile, Bitcoin’s projected surge to $13 million from the current market price would be historic. The pioneering cryptocurrency would explode by a jaw-dropping 14,473% from $89,200 to attain the ambitious price target.
At a hypothetical $13 million per Bitcoin price, 0.01 BTC ($892 at CMP) would be worth $130,000. This aligns with the 14,473% upsurge from the current price buy.
Such a staggering portfolio upsurge reflects the prowess acquiring and holding Bitcoin could offer. Nonetheless, Saylor’s $13 million prediction remains speculative, as there is a chance that the asset may not attain the price mark in the speculated year.
