Michael Saylor Predicted This Month That Bitcoin Will Appreciate 30% Annually for the Next 20 Years. Does the Math Behind That Call Hold Up for Strategy Investors?
Is Bitcoin's massive growth story still just getting started?
Overview
In an interview earlier this month, Strategy (NASDAQ: MSTR) Executive Chairman Michael Saylor issued a startling prediction. The Bitcoin advocate said the market-leading cryptocurrency's price is on track to achieve a 30% compound annual growth rate (CAGR) over the next 20 years.
As of an update it published earlier this month, Strategy held 840,447 Bitcoins -- a position that works out to roughly 4% of the token's maximum supply of 21 million. If Bitcoin were to achieve Saylor's performance target, Strategy shareholders would be poised to make a fortune. Could Bitcoin really deliver performance on that level?
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Details
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.