Strategy CEO Michael Saylor’s Prediction on Bitcoin’s Future
Strategy CEO Michael Saylor has once again made a confident prediction regarding Bitcoin’s future, stating that the cryptocurrency’s price will hit $13 million in the next 20 years.
In a speech at the Digital Asset Summit, Saylor reiterated how Bitcoin’s singular attributes as a scarce digital commodity within the context of an asset class with no true competitors make it so attractive.
> “I can stand here and say, I think Bitcoin’s gonna be $13 million in 20 years. I could never say that about security,” Saylor stated, emphasizing Bitcoin’s legal classification as a commodity, not a security.
Bitcoin: The Ultimate Store of Value
Saylor believes the 21 million coins of Bitcoin’s fixed supply make it the only genuine store of value, unlike traditional commodities like gold and oil. Unlike these assets that can be manufactured in greater volumes when demand rises, Bitcoin’s supply is fixed.
According to Saylor, all other commodities could be fabricated with technology, capital, and skill. However, if the price of oil were to climb to $1,000 a barrel, more expensive extraction techniques like fracking would come into play. The same applies to gold, which has faced hyperinflation multiple times. In contrast, Bitcoin is different and is the only real digital commodity.
As of writing, Bitcoin’s price has risen by 1.8% compared to yesterday, trading at $85,208. According to CoinGecko data, it previously rose above $86,000 but is currently 11% lower than a month ago.
Users of the on-chain prediction market MYRIAD, launched by DASTAN, remain optimistic about Bitcoin. Over 74% expect it to close above $83,000 by the end of the week.
US Government’s Recognition of Bitcoin as a Strategic Asset
Saylor has also referenced the recent ratification by the US government recognizing Bitcoin as a strategic asset, citing President Donald Trump’s executive order that established a Strategic Bitcoin Reserve.
He notes the President signed this executive order two weeks earlier, creating a Bitcoin strategic reserve. Saylor mentions David Sacks’s argument that Bitcoin is an asset without an issuer, created through an “immaculate conception.” He describes Bitcoin as having decentralized value and as a store of value, hence referring to it as “digital gold.”
Bitcoin is not only an asset; it is an ideology and a protocol—a moral phenomenon that cannot be altered or changed. Saylor also announced the ’21 Truths of Bitcoin’ and reinforced the belief in Bitcoin’s significant role in the global financial arena.
Currently, Bitcoin trades significantly lower than Saylor’s bold predictions, leaving only time to determine if his $13 million forecast will materialize. Yet, his conviction in the cryptocurrency’s potential remains steadfast, highlighting his Bitcoin-first approach at Strategy.
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