At Bitcoin Prague 2025, Strategy founder Michael Saylor announced his prediction for the Bitcoin price, stating that it could reach $21 million by 2046. This declaration highlighted a shift in how major financial players perceive cryptocurrency.
Michael Saylor's Bitcoin Price Prediction
During his keynote address, Saylor mentioned that he expects Bitcoin's price to hit $21 million within 21 years. At the time of his statement, Bitcoin was trading slightly above $108,000.
"We may be at the most unique time in the network’s history where such long-term clarity is visible."
Political Factors Influencing Crypto Confidence
Saylor attributes his renewed confidence to recent political events, including the unexpected endorsement of Bitcoin by the White House. He noted that even during Bitcoin's darkest days, such as its slump to $16,000, he remained optimistic about the cryptocurrency. The landscape changed dramatically after the 2024 elections, which saw Donald Trump return to power, leading to a more crypto-friendly administration.
"We thought we might get a pro-Bitcoin president, but we never expected the U.S. to declare itself the Bitcoin superpower."
Company Strategy Regarding Bitcoin
Under Saylor's leadership, Strategy purchased $1 billion worth of Bitcoin within a week, increasing its holdings to 592,345 Bitcoin as of June 30, 2025. Despite their substantial asset base, the company has not disclosed its Bitcoin storage practices for security reasons. Previously, Saylor dismissed the importance of self-custody, but he softened his stance by late 2024, endorsing the idea for those willing to take control.
Michael Saylor's prediction of $21 million Bitcoin is a significant statement about the future of financial technology. With increasing governmental support and favorable regulation, this could mark the beginning of a new era for cryptocurrencies.
