Michael Saylor, founder and executive chairman of Strategy, has dramatically revised his long-term Bitcoin forecast, predicting that the leading cryptocurrency could reach an astonishing $21 million per coin by 2046. Speaking at the BTC Prague 2025 conference on June 15, Saylor presented his most ambitious projection yet, doubling down on Bitcoin as the dominant monetary asset of the future.
The $21 million figure is not just symbolic - matching Bitcoin's fixed supply cap - but represents a significant escalation from his previous estimate of $13 million by 2045 made at the Bitcoin 2024 conference in Nashville. The new forecast reflects what Saylor described as an "extraordinary transformation" in the political, regulatory, and macroeconomic landscape over the past 11 months.
"I think we're going to be $21 million in 21 years. It's a very special time in the network," Saylor told the BTC Prague audience during his keynote. "Maybe the one time in history where you look out 21 years and you see $21 million."
He attributed this intensified bullishness to a wave of pro-Bitcoin developments that few, including himself, anticipated. Chief among them: the embrace of Bitcoin by the White House, the rise of Donald Trump as a self-described Bitcoin advocate, and a marked shift in U.S. political discourse around digital assets.
“Although we thought we might have a pro-Bitcoin president, we didn't think we'd get a strategic Bitcoin reserve. We didn't think that the president would say America would be the Bitcoin superpower of the world. This is an amazing development,” Saylor said.
U.S. Legislative Momentum Fuels Confidence
Saylor pointed to recent progress in crypto legislation as another driving factor behind his forecast. He referenced three bills making their way through the U.S. Congress: the Genius Act, focusing on stablecoin regulation; the Digital Asset Market Clarity Act, aimed at establishing jurisdictional boundaries between the SEC and CFTC; and the Bitcoin Act, which advocates for Bitcoin's recognition as a strategic reserve asset.
“This is something nobody guessed, no one conceived of a year ago. States in the United States are embracing Bitcoin,” he said, reinforcing the idea that the U.S. is evolving into a regulatory environment where Bitcoin can thrive at an institutional and sovereign level.
Saylor’s statement comes as Strategy continues to cement its position as the largest corporate holder of Bitcoin. The company acquired an additional $1 billion worth of BTC in June 2025, bringing its total holdings to 592,100 BTC as of June 15 - worth over $60 billion at current prices.
Despite growing calls for greater transparency, Strategy has not disclosed the specific storage methods or custody arrangements for its massive Bitcoin reserves. Saylor has resisted publishing proof-of-reserves due to what he describes as "security concerns."
His cautious approach to asset visibility has drawn criticism from some corners of the Bitcoin community, especially in light of his previously controversial stance against self-custody. In 2024, Saylor suggested Bitcoin holders should rely on banks or institutional custodians - remarks that triggered backlash among privacy-focused users.
However, Saylor later clarified his position, expressing support for self-custody in a more nuanced form. "I support self-custody for those willing and able," he said in October 2024, tempering his earlier remarks while emphasizing the need for diverse custody solutions.
Self-Custody and Grassroots Enthusiasm at BTC Prague
At BTC Prague 2025, the self-custody debate was front and center. The event drew over 5,000 attendees, including developers, long-term Bitcoin holders, and curious newcomers - all deeply engaged with principles of financial sovereignty.
Trezor, one of the event's key sponsors and a leading hardware wallet manufacturer, reported heightened interest in its open-source tools and education sessions around self-custody.
“BTC Prague continues to attract a strongly Bitcoin-focused crowd. Most attendees were deeply engaged with the future of Bitcoin,” said Danny Sanders, Chief Commercial Officer at Trezor, in an interview with Cointelegraph. "There was a vibrant mix of developers, Bitcoiners, and newcomers - all genuinely interested in open-source tools and the principles of self-custody."
The community’s strong focus on ownership and decentralization offers a stark contrast to institutional custody models advocated by some high-profile Bitcoin proponents, including Saylor.
Skepticism and Symbolism: Is $21M Realistic?
While Saylor's $21 million prediction is likely more rhetorical than technical, it serves as a symbolic representation of Bitcoin’s potential to become the world's dominant store of value. Critics argue that such extreme forecasts are speculative, ignoring the realities of market liquidity, global wealth distribution, and regulatory inertia.
Yet for Saylor, the prediction is not merely a number - it’s a vision. He believes Bitcoin will absorb global demand for a neutral, non-sovereign reserve asset, rivaling or even replacing fiat currencies, bonds, and other traditional financial instruments over the coming decades.
The underlying logic of his forecast hinges on two assumptions: that Bitcoin continues to gain political and institutional support, and that fiat currencies will continue to erode in purchasing power due to inflation and monetary mismanagement.
Saylor's long-term thesis is also informed by broader macroeconomic conditions. He has repeatedly warned about the unsustainability of sovereign debt levels, fiat currency debasement, and geopolitical instability. Bitcoin, in his view, offers a form of monetary insulation from these systemic risks.
As countries around the world face mounting fiscal pressures, and central banks flirt with unconventional monetary policy, Bitcoin’s fixed supply and decentralized nature become increasingly appealing - particularly to institutions, governments, and high-net-worth individuals seeking capital preservation.
Saylor’s forecast also indirectly taps into the growing momentum behind Bitcoin ETFs, which have already brought billions in institutional capital into the ecosystem. These vehicles, combined with sovereign-level Bitcoin accumulation strategies, could significantly constrain supply and drive long-term appreciation.
Vision or Hype?
Michael Saylor’s $21 million prediction may strike some as hyperbole, but it encapsulates the growing belief among Bitcoin maximalists that the asset is on an inevitable trajectory toward global monetary dominance.
Backed by Strategy’s relentless accumulation strategy and fueled by mounting geopolitical and regulatory tailwinds, Saylor continues to be one of Bitcoin’s most influential and controversial advocates.
Whether Bitcoin ever reaches $21 million or not, the narrative he promotes is reshaping how both Wall Street and Main Street perceive the role of digital assets in the global economy. For now, the vision of Bitcoin as a transformative force remains very much alive - and is gaining adherents with each passing milestone.