Pi Network (PI) Price Prediction Soars to $190 as Michael Saylor Sets Bitcoin Market Cap Target of $200T

Pi Network price has been following a clear downtrend following its initial listing gains on small exchanges. The struggle to secure a top-tier exchange listing has dropped the price of PI Coin by 80% over 69 days.

Despite the crash, there is a spark of hope on the horizon as Michael Saylor, the Executive Chairman of MicroStrategy (NASDAQ:), ponders the possibility of Bitcoin hitting a $200 trillion market cap by 2045.

This would render Bitcoin as the global settlement layer after a 100x increase from the current market cap of almost $2 trillion.

Such a bullish viewpoint also projects a strong possibility of a phoenix-like rise for projects like PI Network. So, how high will the price surge of the PI Coin (PI) price if Bitcoin hits a $200 trillion valuation?

Pi Network Price Implication if Bitcoin Market Cap Hits Saylor’s Target of $200T

Saylor recently shared his thoughts on an interesting scenario: Bitcoin, the leading cryptocurrency, could potentially reach a staggering market cap of $200 trillion by the year 2045.

To put this into perspective, we’re talking about a 100-fold increase from its current valuation.

Now, let’s consider the implications of such a massive shift for another cryptocurrency, Pi Network.

According to PIScan data, the current market cap of Pi Network is $4.09 billion, placing it among the top 30 cryptocurrencies.

If we were to see a similar 100-fold growth factor applied to Pi Network, we could be looking at a bullish case scenario where Pi Coin reaches a valuation of $409 billion.

This would translate to a price increase from the current $0.581 to $58.10.

If we assume that Pi maintains its present market cap of $4.09 billion, then a 100x surge in Bitcoin's market cap would proportionally elevate Pi's market cap to $409 billion.

Moreover, with the circulating supply remaining constant throughout this process, we can deduce that this would result in a PI price of approximately $58.10.

However, an even more optimistic price prediction for Pi Network arises if we consider the possibility of it reclaiming its all-time high valuation of $13.4 billion.

In such a case, we might witness Pi Network attaining a valuation of $1.34 trillion and a market price of $190.

This would exceed the current valuation of Ethereum and fall short of Bitcoin's market cap by $600 million.

The potential for Bitcoin to reach a $200 trillion market cap is a topic that has been discussed in the past.

Back in March, Benoit Coeurderc, the CEO of Ledger, pointed out that such a scenario would require an astronomical increase in Bitcoin’s price and user base.

"It’s an interesting thought experiment. To reach a $200 trillion market cap, we'd need to see Bitcoin's price rise to around $10 million and have 20 million users holding an average of $10 million in Bitcoin each," explained Coeurderc.

Considering that the cryptocurrency market is renowned for its rapid price movements, it wouldn't be surprising to witness a 100x increase in Bitcoin's market cap over the next 22 years, especially given the significant progress that blockchain technology is expected to make during that time.

Furthermore, if we take into account the possibility of Bitcoin becoming a global settlement layer, as suggested by Saylor, we might see institutions like BlackRock (NYSE:) and Fidelity investing a substantial portion of their assets in Bitcoin.

Finally, it’s important to highlight that historically, any significant jumps in BTC price have usually been followed by rises in the altcoin market.

Therefore, in a scenario where Bitcoin experiences a massive surge and reaches new highs, it's reasonable to expect that the top altcoins, including PI Coin, would also witness a similar move, albeit on a smaller scale.

Other Factors That May Affect Pi Coin Price In Near-Term

The key hurdle for PI Network to reinstate a positive trend is the top-tier exchange listing, like Binance.

After facing rejection due to minimal utility, network upgrades and increased liquidity could open the gates to major listing gains.

Recently, Banxa, a payment platform, secured KYB approval for PI Network, which will bring exposure of PI Coin to its users worldwide.

This will increase the liquidity and bring real-world utility, which could increase the listing chances.

In other news, PI NETWORK has partnered with Cube Motors, a well-known Florida car dealership, to accept Pi Network’s cryptocurrency, Pi Coin, as a form of payment for vehicles.

This partnership will enable customers at the dealership to use Pi Coin,