The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin (BTC 0.73%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
Bitcoin has become a popular store of value for investors due to its decentralized nature, capped supply, and secure system called the blockchain. But Michael Saylor, who cofounded software company MicroStrategy, thinks it has the potential to remake the global financial system.
As a result, Saylor predicts Bitcoin could soar to $13 million per coin by the year 2045, which would translate to an eye-popping 13,031% gain for investors who buy it at the current price of about $99,000. But how realistic is that target?
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Bitcoin: The foundation of a new financial system?
Last year, the U.S. Securities and Exchange…
