Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy), reaffirmed his highly bullish stance on Bitcoin during a recent CNBC interview. Saylor predicted that Bitcoin could reach $13 million per coin by 2045.
This long-term forecast is based on a 29% compound annual growth rate (CAGR) over the next 21 years. Saylor had initially made this prediction at the 2024 Bitcoin Conference in Nashville. However, in his CNBC interview, he stated, 'I'm getting more bullish on that forecast.' He added that he is 'certainly comfortable forecasting 30% a year on average for the next 20 years.'
Saylor's optimism stems from several factors, including growing institutional adoption. He noted, 'There's like 100 public companies or more. They're holding bitcoin on their balance sheet.' Furthermore, he highlighted Bitcoin's supply dynamics, stating that only 450 new bitcoins are mined each day , and this limited issuance is being fully absorbed by institutional buyers, including ETFs and corporations.
Saylor also pointed to regulatory developments, such as the official classification of bitcoin as a digital commodity by U.S. regulators , the adoption of fair value accounting rules, and new legal clarity allowing banks to offer bitcoin custody services. He believes these structural changes have driven accelerating institutional demand.
Saylor's company, Strategy, continues to invest heavily in Bitcoin, having accumulated over 331,200 coins. The company plans to continue raising funds to purchase more.