Michael Saylor says Bitcoin will hit $21M by 2046

Strategy founder Michael Saylor predicts that Bitcoin will hit $21 million in the next 21 years.

In a Saturday X post, he commented, “$21 million in 21 years.” However, he noted that getting to $21 million per BTC may be fraught with significant price swings given the token’s high volatility.

Saylor says the recent geopolitical and regulatory developments influenced his BTC expectations

In his previous statements, he argued on the significance of the number “21,” noting its connection to Bitcoin’s total supply and now its projected $21 million price point.

He strongly believes the asset will reach his target by 2046. Speaking at the BTC Prague 2025 event on Saturday, he affirmed that this could be the one time in Bitcoin’s timeline when a 21-year outlook aligns with a $21 million valuation.

His new projection is a significant step-up from his previous prediction at the 2024 Bitcoin conference in Nashville, where he stated Bitcoin would reach $13 million by 2045. He asserted that his heightened bullish outlook on Bitcoin was shaped by recent developments in geopolitics, regulation, and adoption—none of which, he noted, were anticipated a year ago.

Saylor claimed he did not expect the White House to embrace and advocate for Bitcoin, acknowledging that Donald Trump’s presidential victory marked a huge political turning point last November.

He pointed out that while there was optimism about having a pro-Bitcoin leader, they did not think they would get a strategic BTC reserve, or a President who’s set to make the country the Bitcoin superpower of the world. He also touched on the new regulatory and legislative developments around crypto, including the stablecoin-focused Genius Act, the Digital Asset Market Clarity Act, and the Bitcoin Act, adding that no one could have guessed that states would embrace BTC.

While he remains bullish that BTC will soon reach $21 million, he also predicts a volatile ride for the token. He, however, forecasts the fluctuations to eventually level out, projecting a solid 21% CAGR over time. He added that the token could very well continue to surpass the S&P 500 each year till 2046.

Saylor has never disclosed where Strategy’s BTC holdings are

Aside from Saylor’s bullish prediction, his company, Strategy, has maintained its aggressive Bitcoin acquisition strategy, adding another $1 billion in BTC last week.

The company held about 592,100 BTC as of June 15, 2025, but it has not disclosed how and where it stores its holdings. Saylor was very vocal about his disapproval of the concept of proof-of-reserves. Speaking at the May 26 event on the sidelines of the Bitcoin 2025 conference in Las Vegas, he argued that PoR dilutes the security of the issuer, the custodians, the exchanges, and the investors.

Last year, Saylor also rejected the concept of self-custody, contradicting many Bitcoin holders. After receiving much criticism from the crypto community for encouraging the use of banks rather than self-custody, he shifted to voicing support for the method for individuals who are “willing and able.”

At the BTC Prague event, many attendees seemed drawn to the idea of self-custody, citing “be your own bank” principles. Danny Sanders, chief commercial officer at the hardware wallet company, Trezor, even confirmed that the event attendees included “a vibrant mix of developers, Bitcoiners, and newcomers — all genuinely interested in open-source tools and the principles of self-custody.”