21 Years Later: Michael Saylor Sees Bitcoin At $21 Million—Details

A steady drumbeat of policy updates and big-money moves has kept Bitcoin in the headlines this month. According to keynotes delivered at BTC Prague 2025, the cryptocurrency’s path is now being drawn in decades—rather than days.

Geopolitical And Regulatory Push

Based on reports from Strategy’s executive offices, US regulators have taken a friendlier turn since July 2024. New cabinet roles now include digital asset advisers. The SEC, OCC, and Federal Reserve have each signaled that Bitcoin plays a role in modern finance. Congress has also weighed the Bitcoin Act and Clarity Act, and those talks are still underway.

Institutions Pile In With Billions

According to recent filings, more than $150 billion of fresh capital has flowed into crypto holdings. Institutional wallets now hold around 1.4 million BTC. Public companies in the “Bitcoin 100” club include US President’s Donald Trump Media, GameStop, SmarterWeb, and Metaplanet. ETF approvals have added 10 new ways for both small investors and big firms to buy Bitcoin.

Now, here’s the most interesting part: Michael Saylor outlined a 21-year outlook that ties BTC value to global money trends instead of quick trades. He set a target of $21 million per coin by 2046.

By that time, owning 4.8 Bitcoin could turn someone into a centaillionaire, based on simple math. Saylor pointed out a 56% annual return over the last five years. He compared that to a 13% cost of capital for many firms.

Based on reports from Strategy’s research team, a $2 million dollar-cost averaging plan in Bitcoin would have grown to $40 million. The same $2 million parked in the S&P500 would be worth about $6 million today.

Add in smart borrowing through equity issuance, Saylor said, and the upside climbs to $760 million—if markets cooperate.

Volatility, he noted, is part of Bitcoin’s early life cycle. Companies should lock in low-rate funding and plan for price swings. Markets can move fast, and falling values often trigger margin calls.

The coming months will test whether policy stays warm and big investors keep their faith. For now, Bitcoin’s story is shifting toward a multi-decade saga of adoption, regulation, and big bets.

Investors will be watching each Fed statement and corporate balance sheet near as much as they watch price charts. They may take the proverbial grain of salt on Saylor’s $21 million per Bitcoin by 2046.

But many say the real story isn’t the $21 million figure itself. It’s the steady march of new rules and big names piling into Bitcoin that could shape its future far more than any single price forecast.

Investors will be tuning in to every policy update and balance-sheet reveal, looking for signs that this decades-long experiment can keep gaining ground.

Featured image from Sony Pictures, chart from TradingView