MicroStrategy founder Michael Saylor has significantly revised his long-term Bitcoin price target, now projecting a future valuation of $21 million per coin within the next 21 years. This updated forecast, shared at a recent industry conference in Prague, represents a substantial escalation from his previous outlook of $13 million by 2045. Saylor’s heightened optimism stems from a fundamental shift he perceives in the United States’ approach to digital assets, signaling what he believes is a critical juncture for Bitcoin’s integration into the global financial system.
A Pivotal Shift in U.S. Digital Asset Policy
Saylor asserts that the U.S. regulatory landscape has transitioned from a stance of contention to one of explicit political support for Bitcoin. He specifically highlights the current White House administration, which he characterizes as openly “pro-Bitcoin,” as a key catalyst for this change. This perceived shift is reportedly evidenced by proposals for a federal Bitcoin strategic reserve and the rapid advancement of legislation addressing critical areas such as stablecoin regulation, market structure, and the legal recognition of leading digital assets. Saylor attributes President Donald Trump’s election victory to catalyzing Washington’s move towards a pro-crypto position, a sentiment he claims is now being echoed by state legislative bodies across the nation.
MicroStrategy’s Strategic Commitment to Bitcoin
MicroStrategy’s operational decisions consistently reinforce Saylor’s bullish pronouncements. The business intelligence firm recently expanded its already substantial Bitcoin holdings by an additional billion dollars, bringing its total reserves to approximately 592,100 tokens. While the precise storage locations of these assets remain confidential due to security considerations, Saylor continues to forgo publishing a proof-of-reserves report. However, his previously staunch skepticism regarding self-custody has notably softened. By late 2024, he acknowledged the practical utility of offline storage wallets “for those who want and can,” indicating a more pragmatic view on personal asset management within the digital asset ecosystem.
Industry Optimism Echoes Saylor’s Vision
The prevailing sentiment at the Prague conference, which drew over 5,000 developers and industry professionals, appeared to corroborate Saylor’s ambitious outlook. Organizers described the atmosphere as “highly constructive and maximalist,” with a significant emphasis on self-custody solutions, as evidenced by the high engagement at hardware wallet manufacturer Trezor’s demonstration booths. This collective enthusiasm and focus on the foundational aspects of Bitcoin’s security and adoption mechanisms provide a contextual backdrop that aligns with Saylor’s vision for exponential growth.
Addressing the Long-Term Valuation Discrepancy
Despite Saylor’s bold prediction, Bitcoin’s current market capitalization, while considerable, remains several orders of magnitude below his ambitious target. Critics frequently cite this disparity. However, Saylor counters by emphasizing accelerating adoption curves, increasing regulatory clarity, and growing demand from corporate treasuries as primary drivers of future appreciation. He posits that the alignment of a 21-year timeframe with a $21 million valuation represents a unique moment in the network’s evolution, suggesting that these converging factors will ultimately validate his long-term forecast.
Senior Crypto Correspondent with over 8 years of experience covering Bitcoin, altcoins, and blockchain technology for leading financial publications. Alexander holds a master’s degree in Financial Economics and specializes in in-depth market analysis, regulatory updates, and interviews with top industry figures.