What Michael Saylor says about the Bitcoin (BTC) price
Strategy CEO Michael Saylor recently shared a new, highly optimistic forecast for Bitcoin's price. According to him, by 2046, the price of Bitcoin will reach $21 million per coin. Previously, he had stated that by 2045, the price of BTC would rise to $13 million. Therefore, the investor's optimism has increased significantly.
But why should crypto users pay attention to Saylor's forecasts? And are there any additional motives behind these statements?
Michael Saylor and Bitcoin
Michael Saylor is the CEO of Strategy (formerly known as MicroStrategy). The company specializes in software development and AI solutions for businesses, but it gained most of its fame for its aggressive acquisition strategy of Bitcoin, primarily using borrowed funds. This strategy has been yielding excellent results — Strategy is likely to become the first crypto company in the S&P 500 in early July*.
* S&P 500 — a stock market index that includes 503 stocks of 500 selected publicly traded companies in the U.S. with the highest market capitalization.
How many Bitcoins does Strategy have?
As of the end of June 2025, Strategy reports holding 592,100 BTC, which is approximately $62 billion. However, the company's management has not disclosed where the bitcoins are stored. The management of Strategy explains this as a security measure, but the lack of indisputable proof of reserves in the company's public reports is a highly ambiguous signal.
Nevertheless, Strategy remains one of the most prominent players in the crypto market and a significant entity in traditional finance. Furthermore, Michael Saylor is part of an exclusive circle of individuals who directly influence U.S. government policies regarding cryptocurrencies. He is considered one of the key "drivers" behind the idea of creating a national Bitcoin reserve in the U.S. He actively promotes various mechanisms for cryptocurrency integration during personal meetings with U.S. leaders.
On June 24, it was reported that Saylor met with the Director of the Federal Housing Administration. The meeting's topic was the integration of BTC into the U.S. mortgage lending system.
In other words, Michael Saylor is one of the most significant market players, holding substantial influence. Does this mean that his forecasts are highly reliable? Not necessarily.
Reasons for skepticism
First of all, Bitcoin price forecasts for twenty years are not based on any realistic calculations. Moreover, such forecasts are de facto unverifiable — who will remember these statements in twenty years? Therefore, Saylor's statement should be viewed not so much as an analysis but as a way to attract positive attention to the first cryptocurrency. And there are more than enough reasons for him to do so.
Firstly, the question of whether Strategy will enter the S&P 500 is crucial for the company and entirely depends on whether the BTC price holds above $95,240 by the end of June.
Secondly, if BTC drops below $90,000, it could have catastrophic consequences for Strategy and lead to the company's bankruptcy. The entire company strategy is built on using borrowed funds to buy Bitcoin, expecting that BTC growth will cover the debt burden.
Thirdly, despite being close to success, the current position of Strategy and Saylor is quite fragile. The volatility of Strategy's stock (MSTR), which Saylor himself called the only reason to buy them, has sharply declined in recent weeks. Additionally, there has been active insider selling of MSTR stock for over a week.
And as the cherry on top, a lawsuit from a major investor against Strategy is currently under consideration. The company is accused of misleading investors before announcing a $5.9 billion loss in the first quarter of 2025.
Simply put, it is vital for Michael Saylor that the price of Bitcoin continues to rise. And his "forecast" is just another attempt to make this happen.
Conclusion
Will Bitcoin's growth continue? Yes. In the long term, the BTC price is expected to rise. Will Saylor's forecast come true? While this can't be ruled out, any other randomly chosen number could be just as likely for the BTC price in 2046.