Michael Saylor: Bitcoin will reach 13 million dollars in 20 years

CEO Strategy Michael Saylor once again made a confident prediction about the future of Bitcoin, stating that the price of BTC will reach 13 million dollars in the next 20 years.

Michael Saylor – CEO StrategyIn his speech at the Digital Asset Summit, Saylor reiterated the unique properties of Bitcoin as a scarce digital commodity in the context of an asset with no real competition that makes it so appealing.

"I can stand here and say that Bitcoin will reach 13 million dollars in 20 years. I have never said that about stocks," Saylor declared, emphasizing the legal classification of Bitcoin as a commodity, not a security.

Bitcoin has optimal store of value due to fixed supply

Saylor believes that the fixed supply of 21 million makes BTC a "unique" store of value, unlike traditional commodities such as gold and oil. While these assets can be produced in larger quantities when demand increases, the supply of Bitcoin is fixed.

According to Saylor, all other commodities can be manufactured using technology, capital, and skills. But if the price of oil rises to $1,000 a barrel, more expensive extraction techniques like hydraulic fracturing will come into play. He stated that gold has also gone through many stages of hyperinflation. But Bitcoin is different and is the only true digital commodity.

As of the time of writing, the price of Bitcoin has decreased by 1.3% compared to yesterday, trading at $84,531. According to data from CoinGecko, the price had previously risen above $86,000. However, Bitcoin is still trading at a level 11% lower than a month ago.

Market users predict that the on-chain MYRIAD, launched by DASTAN, remain optimistic about Bitcoin. More than 74% expect the price to close above $83,000 by the end of the weekend.

The United States government recognizes Bitcoin as a strategic asset

Saylor also mentioned the recent certification by the U.S. government and the acceptance of Bitcoin as a strategic asset. He cited President Donald Trump's executive order establishing the Strategic Bitcoin Reserve.

Saylor stated that the President of the United States signed an executive order two weeks prior to create a strategic Bitcoin reserve fund. He cited David Sacks, who argued that this is an asset without an issuing organization. When talking about the king of coins, Saylor mentioned that it has decentralized value and is known as a store of value. Therefore, he described it as "digital gold."

Bitcoin is an ideology and a protocol. It is a moral phenomenon. It cannot be changed and will never be changed. Saylor also published "21 truths about Bitcoin" and reiterated that Bitcoin plays an important role in the global financial world.

The current price of Bitcoin is trading significantly lower than Saylor's optimistic predictions, so only time will tell whether his price forecast of 13 million dollars will come true. However, his belief in the potential of cryptocurrency remains unshaken and continues to shape his BTC-first approach at Strategy.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

• The strong change in the behavior of holders will push the price of XRP up to 3 dollars.
• Bitcoin continues its upward trend as Trump pledges to make the U.S. a "Bitcoin superpower"
• Bitcoin could surpass the $90,000 mark as macro pressure weakens.

Dinh Dinh

@media only screen and (min-width: 0px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width:320px; height: 100px; } } @media only screen and (min-width: 728px) and (min-height: 0px) { div[id^="wrapper-sevio-d89f58f5-7b63-40be-98c0-6b1fd62584fb"] { width: 728px; height: 90px; } }