“…In his latest presentation at BTC Prague, Michael Saylor presented “his bitcoin prophecy”, predicting that bitcoin will reach a price of USD 21 million per coin by 2046 (21 years from now). While USD 21 million sounds crazy right now, it is important to put this into perspective. This price would imply an annual return of 28.5% over the next 21 years. If we consider that over the last 21 years, Apple’s stock has returned 31% annually, or that over the past 10 years, Tesla’s stock has returned 38.5% annually, and the Magnificent 7 have averaged 25% annual returns, then an annual return of 28.5% for bitcoin does not sound so crazy….”
I will do some benchmarking on follow up posts. Let’s see.