Michael Saylor on Bitcoin Price Forecast of 13 Million USD: 'I Am Becoming More Optimistic'

Michael Saylor is extremely optimistic about bitcoin as institutional acceptance surges, supply tightens, and regulatory clarity drives his bold annual growth forecast of 30% over the next two decades. Michael Saylor's Bitcoin Outlook: 'I Am Very Optimistic' Michael Saylor, the executive chairman of the intelligence software company Microstrategy (Nasdaq: MSTR), currently operating under the name Strategy, expressed his confidence in the long-term performance of bitcoin in an interview with CNBC on June 6. He recalled making a bitcoin price forecast of $13 million in July 2024 based on an annual price increase of 29% over 21 years. At the time, bitcoin was trading at around $65,000. That model predicts BTC will reach $13 million by 2045. With bitcoin currently trading above $100,000, Saylor is becoming more bullish on BTC. Strategy's Executive Chairman stated: I am more optimistic about that forecast. I am certainly comfortable forecasting an average growth rate of 30% per year over the next 20 years. Citing changes in macroeconomic conditions and regulations, Saylor outlined several developments that he believes have significantly strengthened the investment case for bitcoin. He pointed to the official classification of bitcoin as a digital commodity by U.S. regulatory agencies, the adoption of fair value accounting rules, and the new legal clarity that allows banks to offer bitcoin custody services. He stated that these structural changes have accelerated the demand from institutions, noting that: "There are around 100 public companies or more. They are holding bitcoin on their balance sheets." He added that new participants continue to emerge weekly, indicating what he sees as a broader shift in corporate treasury management strategies. Saylor also emphasized the tight supply dynamics of bitcoin. He noted that only 450 bitcoins are mined each day—equivalent to about 45 million to 50 million dollars at current prices—and mentioned that this limited issuance is being fully purchased by institutions, including ETFs and corporations. Comparing the performance of asset classes, he highlighted bitcoin's 57% annual gross return over the past four and a half years. He said the figure was double the return of the so-called Magnificent Seven stock, four times the S&P 500, eight times the real estate average, while bonds were down 4 percent. Based on these figures, he argued that bitcoin's growth prospects may exceed previous assumptions. He concluded: I am very optimistic.