Michael Saylor, the prominent Bitcoin advocate and founder of MicroStrategy (now Strategy), has once again made headlines with an audacious prediction for Bitcoin's future. Speaking at BTC Prague 2025, Saylor forecasted that the price of Bitcoin (BTC) could reach an astounding $21 million within the next 21 years, by 2046. This bold projection significantly surpasses his previous estimates, fueled by unforeseen geopolitical shifts and accelerated adoption trends.
Saylor's Soaring Bitcoin Forecast
Michael Saylor's latest prediction of Bitcoin hitting $21 million by 2046 marks a substantial increase from his earlier forecast of $13 million by 2045, made at the Bitcoin 2024 conference. This heightened optimism stems from several key developments that Saylor believes were largely unanticipated just a year ago.
Key Takeaways
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Unprecedented Political Embrace: Saylor highlighted the unexpected embrace of Bitcoin by the White House, a development he described as extraordinary and unforeseen. He specifically noted the possibility of a "strategic Bitcoin reserve" and the President's declaration of America as a "Bitcoin superpower."
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Regulatory Progress: Significant progress in crypto-related legislation in the U.S. is another driving factor. Saylor pointed to three bills: the Genius Act (focused on stablecoins), the Digital Asset Market Clarity Act, and the Bitcoin Act, indicating a growing regulatory acceptance.
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State-Level Adoption: Beyond federal initiatives, Saylor observed that individual states within the U.S. are increasingly embracing Bitcoin, further solidifying its integration into the financial landscape.
Strategy's Continued Accumulation and Custody Debate
Strategy, under Saylor's leadership, continues its aggressive accumulation of Bitcoin, having purchased an additional $1 billion worth of BTC recently. As of June 15, 2025, the company holds a staggering 592,100 BTC. However, the exact methods and locations of Strategy's Bitcoin holdings remain undisclosed due to security concerns, with Saylor previously rejecting the idea of publishing proof-of-reserves.
Saylor has also been a figure in the ongoing debate surrounding Bitcoin self-custody. Initially facing criticism for suggesting that Bitcoin holders should trust banks with their assets, he later adjusted his stance in October 2024, supporting self-custody for "those willing and able." This shift reflects a broader trend within the Bitcoin community, as evidenced by the increased interest in "be your own bank" principles at events like BTC Prague.
The Future of Bitcoin and Self-Custody
The BTC Prague event itself underscored the growing importance of self-custody. Danny Sanders, Chief Commercial Officer at Trezor, a major sponsor of the event, noted the strong Bitcoin-focused crowd and their deep engagement with the future of the cryptocurrency. The conference attracted over 5,000 visitors, including developers, Bitcoin enthusiasts, and newcomers, all keen on open-source tools and the principles of self-custody. This collective interest suggests a maturing ecosystem where users are increasingly prioritizing control over their digital assets.
Sources
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Saylor Ups Bitcoin Prediction To $21 Million In 21 Years, Cointelegraph.
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