Michael Saylor Bets Big: Bitcoin at $21 Million by 2046?

Billionaire’s New Price Target Sparks Debate as Bitcoin Pushes Past $118,000

The cryptocurrency market is roaring back. Valued at around $4 trillion and supported by a government that’s finally warming up to digital assets, crypto is getting a second wind. But one digital coin remains the star of the show—Bitcoin. And few people are louder about its future than Michael Saylor.

The billionaire founder and chairman of Strategy (formerly MicroStrategy) just gave Bitcoin fans plenty to talk about. He says the cryptocurrency’s value could explode 175 times over the next two decades, eventually reaching an astonishing $21 million per coin. That’s not a typo.

Saylor’s Sky-High Forecast Gets Even Bolder

In July 2024, during a packed session at the Bitcoin Conference in Nashville, Saylor first laid out his jaw-dropping prediction. At the time, he projected Bitcoin could hit $13 million per coin by 2045.

That number was already wild, but he wasn’t done.

At the BTC Prague event just a month later, he raised the stakes: $21 million per coin by 2046. He’s calling it his new base case. That implies a 17,400% increase from Bitcoin’s current price of around $120,000—a compound annual growth rate of nearly 28%.

So what changed? Why is he even more bullish now?

According to Saylor, it comes down to increasing institutional support and what he calls “monetary clarity” from Washington. He pointed to Congress passing crypto-friendly bills like the Genius Act and the CBDC Anti-Surveillance State Act as signs that the U.S. is finally treating Bitcoin seriously.

Why Saylor Thinks Bitcoin Could Eat Other Assets

Saylor’s forecast isn’t just a moonshot dream. He’s backing it with a thesis that’s gaining traction: Bitcoin will absorb value from other major asset classes.

He’s talking stocks. He’s talking bonds. He’s even talking about real estate.

In his view, Bitcoin isn’t competing with altcoins—it’s competing with the traditional financial system.

“I see Bitcoin as the ultimate asset,” he said at the Prague event. “It’s going to drain capital from everything else over time.”

And he thinks the U.S. is going to help accelerate that trend.

One of the more eye-catching developments? The proposed creation of a Strategic Bitcoin Reserve—essentially treating BTC like a national asset, similar to gold. While still just a concept, the idea has stirred chatter among lawmakers and economists alike.

Strategy Is All In—$73 Billion Worth of Bitcoin

Back in 2020, Saylor did more than talk. He put Bitcoin on Strategy’s balance sheet.

At first, it seemed reckless. But then the price of Bitcoin started to climb. And climb.

What started with a $250 million purchase in August 2020 has now ballooned into a monster bet. As of July 22, 2025, Strategy holds 607,770 BTC. That stash is worth nearly $73 billion.

That makes Strategy the second-largest holder of Bitcoin in the world, behind only the iShares Bitcoin Trust ETF.

Let that sink in: one software company owns more Bitcoin than any government.

Saylor’s made it clear: he’s not stopping anytime soon. He’s using convertible bonds, stock offerings, and debt to raise more capital to keep buying. And he doesn’t see a ceiling.

Just last month, he said in an interview, “We will keep acquiring as long as I’m alive—or until we run out of Bitcoin.”

Not Just Strategy: Others Are Following the Playbook

Saylor might be the loudest voice in the room, but he’s no longer the only one playing this game.

Other public companies are quietly scooping up Bitcoin. Some are using it as a treasury reserve asset, others are adding exposure through ETFs or custodial partnerships.

It’s become a real strategy, not just a headline.

• A report from Ark Invest noted that at least 32 publicly traded firms now hold Bitcoin on their balance sheets.

The ripple effect is clear. As more companies follow Strategy’s playbook, supply on exchanges continues to drop. And with Bitcoin’s hard cap of 21 million units, that scarcity just keeps getting more valuable.

Bitcoin Supply Is Fixed—and That’s the Point

Bitcoin’s software enforces a strict limit: only 21 million coins will ever exist.

That’s not a guess. It’s baked into the protocol.

And it’s one of the biggest reasons people like Saylor are betting the farm. They see Bitcoin as a form of “digital gold,” except better—easier to store, impossible to counterfeit, and totally immune to inflation.

That last point might be the most important one of all.

The U.S. government is still printing money to fund massive deficits. The federal debt keeps growing. And inflation? It’s cooled a bit from the 2022 peak, but it’s far from gone.

So while traditional fiat currencies lose value, Bitcoin, with its fixed supply, starts to look more attractive.

But here’s the thing: once those 21 million coins are mined (and over 19.6 million already have been), there’s no more coming.

Can Bitcoin Really Hit $21 Million?

Here’s where the conversation gets murky. Even Saylor admits that his target isn’t guaranteed.

Sure, a 27.9% annual return sounds amazing. But it also requires a lot of things to go right:

• Continued institutional adoption

• Favorable regulations in major economies

• Confidence that Bitcoin remains secure and dominant

• Macro factors like global debt and currency inflation

Then there’s human behavior. Bitcoin is volatile. Its price swings give even seasoned investors anxiety. And for every new believer, there’s a skeptic calling it tulip mania 2.0.

Still, Bitcoin has proved its doubters wrong more than once.

Twenty years ago, the internet was full of jokes about Bitcoin being worth less than a penny. Now it’s flirting with $120,000. Who’s to say $21 million is out of reach?