Michael Saylor Predicts Bitcoin Will Hit $21M by 2046

Bitcoin bull and Technique founder Michael Saylor delivered a strikingly positive projection for Bitcoin throughout his keynote speech at the BTC Prague 2025 event. Saylor’s strong forecast is a big boost from his previous projection at the Bitcoin 2024 conference in Nashville, where he pictured Bitcoin reaching $13 million by 2045. According to Saylor, the idea that the United States could develop a strategic Bitcoin reserve or declare itself a global Bitcoin superpower was once impossible but is now becoming reality.

Saylor pointed to the U.S. federal government’s shifting position and legal momentum as crucial drivers. Blockstream CEO Adam Back defended the premium on Method stock by pointing to the firm’s quick BTC build-up. BTC Prague also shed some light on Europe’s capacity in Bitcoin adoption, as Jan3’s Samson Mow met French lawmaker Sarah Knafo to talk about a nationwide Bitcoin reserve. France’s current crypto investments could indicate that there is growing interest, though EU-wide adoption still faces regulatory hurdles.

Saylor Sees Bitcoin at $21 Million Bitcoin bull and Method creator Michael Saylor delivered a strikingly optimistic projection for Bitcoin throughout his keynote speech at the BTC Prague 2025 event. He forecasted that the leading cryptocurrency might reach a price of $21 million within 21 years. Saylor’s bold projection is a huge boost from his previous projection at the Bitcoin 2024 conference in Nashville, where he visualized Bitcoin reaching $13 million by 2045. This dramatic modification reflects what Saylor described as an amazing shift in the geopolitical and regulative landscape surrounding Bitcoin over the previous year. Saylor credited his bullishness to unprecedented developments that he claimed were unthinkable simply 11 months ago. Chief amongst these was the White Home’s obvious embrace of Bitcoin, which he stated was a landmark moment in United States political history. He indicated Donald Trump’s election triumph in November of 2024 as a turning point that introduced a brand-new age of pro-Bitcoin politics. According to Saylor, the idea that the United States might develop a strategic Bitcoin reserve or proclaim itself an international Bitcoin superpower was once inconceivable but is now becoming reality.

In addition to political modifications, Saylor mentioned major legislative developments, including growth on three crypto-focused costs in the United States– the Genius Act, the Digital Property Market Clearness Act, and the Bitcoin Act. He also mentioned that specific US states are significantly accepting Bitcoin, which helps strengthen the possession’s location in the mainstream financial system. While Saylor is an advocate for Bitcoin, his views on custody have drawn in some criticism. Although Strategy holds an enormous Bitcoin treasury– now totaling 592,100 BTC– the business refused to divulge the specific storage information of these holdings. Saylor pointed to security concerns as the factor for keeping proof-of-reserves information. His previous opposition to self-custody likewise triggered backlash. However, he reversed this position in October 2024 by stating his assistance for self-custody by those ‘able and ready.’ The BTC Prague occasion itself saw strong support for self-custody and open-source Bitcoin tools. Danny Sanders, chief commercial officer at Trezor, reported that more than 5,000 participants took part in the event.

Adam Back defended the premium on Strategy stock by saying it is justified given how rapidly the company doubles its Bitcoin per share. Back also spoke at BTC Prague in an interview with Bitcoin podcaster Stephan Livera, where he explained that Technique’s track record of growing its Bitcoin per share every 16 to 18 months reduces risk for investors, making the 2x multiple seen in MSTR stock trading ‘not unreasonable.’ He explained that this growth rate means that investors can reach parity with the market net asset value (mNAV) in about a year and a half, effectively de-risking their position. Back pointed out that Strategy’s stock premium– which is currently around 1.7x on a basic share basis and 1.9x on a diluted basis– is backed by a strong asset base. The company has aggressively utilized leverage through at-the-market equity offerings and convertible senior notes to accumulate its Bitcoin reserves, now valued at around $60.89 billion. Despite MSTR’s recent price decline of 7.45% over the previous thirty days, Back held firm that evaluating the time needed to ‘eliminate the premium’ is a useful lens for investors in Bitcoin treasury stocks. He cautioned that while elevated mNAVs can be speculative, they also often come with high potential yields. Still, such positions can lead to volatility and investor anxiety. As an example, he pointed to Japanese company Metaplanet, which has seen its mNAV fluctuate between 5 and 10. Back acknowledged that holding the stock during such swings could be stressful, but said the firm has consistently rebounded. Metaplanet recently expanded its Bitcoin holdings to 10,000 BTC after a new purchase on June 16, which enabled it to surpass Coinbase to become the seventh-largest publicly listed Bitcoin holder.

Meanwhile, Jan3 founder Samson Mow is turning his attention to promoting Bitcoin adoption at the nation-state level in Europe, after a promising meeting with pro-Bitcoin French lawmaker and European Parliament member Sarah Knafo at BTC Prague. Mow shared on social media that the two discussed creating a Strategic Bitcoin Reserve for France and promoting more favorable regulations towards Bitcoin. He is optimistic about launching a wave of nation-state Bitcoin adoption starting in France and potentially spreading throughout Europe. Knafo said that France needs to take a leading role in the discussion around Bitcoin. She described her meeting with Mow as an ‘exceptional conversation,’ and called him an experienced expert in national Bitcoin strategies, including his advisory role with El Salvador’s government. Mow resigned from Blockstream in 2022 to focus entirely on Bitcoin nation-state adoption through his company Jan3. He confirmed that his team has been invited to France for further discussions. Knafo also met Method executive chairman Michael Saylor, and called him ‘visionary and ambitious.’ She even suggested that more Bitcoin-related projects are on the horizon for France and the wider European region. France has recently shown increasing engagement with Bitcoin through both government and private initiatives. Earlier this month, Paris-based Blockchain Group purchased 624 Bitcoin for EUR60.2 million, bringing its total holdings to 1,471 BTC. Additionally, France’s state-owned bank Bpifrance announced in March that it would invest EUR25 million into buying cryptocurrencies to support local blockchain projects. Despite these developments, there are still concerns about the pace of crypto adoption across Europe. Some industry leaders argue that the region continues to lag other parts of the world due to regulatory hesitation and limited institutional involvement. Elisenda Fabrega, general counsel at European RWA tokenization platform Brickken, pointed to a lack of corporate engagement and structural barriers that prevented Bitcoin from being embraced as a reserve asset. The EU’s Markets in Crypto-Assets (MiCA) framework, while now fully in effect as of December 2024, has yet to fully address these issues or lead to widespread adoption across the continent.