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- Michael Saylor predicts Bitcoin could reach $13 million in 20 years, citing its fixed supply and status as a digital commodity.
- Unlike gold or oil, Bitcoin’s supply is immutable, making it the ultimate store of value.
- On-chain market MYRIAD shows 74% of traders betting BTC will stay above $83K this week.
- Saylor highlights Bitcoin’s growing recognition, referencing the U.S. government’s Strategic BTC Reserve.
MicroStrategy co-founder Michael Saylor made it clear again during the Digital Asset Summit that he has no doubt regarding Bitcoin’s exclusive position as the ultimate digital asset. Speaking to a crowd of cryptocurrency investors and industry leaders, Saylor said that Bitcoin’s fixed supply and lack of true competition set it apart from every other asset.
“I can get up and say that I think Bitcoin is going to be worth $13 million in 20 years,” Saylor said. “I would never make that statement about security,” he claimed, referring to Bitcoin’s legal definition as a commodity and not a security.
Saylor cited Bitcoin’s cap of 21 million coins as a major reason it is superior as a store of value. Unlike oil or gold, which expand with greater demand, BTC has a fixed supply. “All other commodities, whether oil, gold, or wheat, can be expanded with enough capital, tech, and know-how,” he said. “If oil hit $1,000 per barrel, there would be advanced extraction methods to boost output. Gold has been hit by hyperinflation multiple times. BTC is different—it’s the only truly digital commodity.”
Currently, Bitcoin is trading at $83,880, with a 24-hour trading volume of $55.06 billion and a market capitalization of $1.66 trillion. Over the past day, BTC has dropped 2.23%, and despite its recent movements, the cryptocurrency remains 11% lower than its price a month ago.
Bitcoin Bulls Eye $83K: MYRIAD Traders Bet Big
In spite of recent fluctuations, on-chain prediction market MYRIAD, launched by DASTAN, is exhibiting strong bullishness. Over 74% of users are predicting Bitcoin to close higher than $83,000 by this week’s close, reflecting optimism on the part of traders and investors.
Saylor also pointed to the recent acknowledgment by the US government of Bitcoin as a strategic asset. He quoted President Donald Trump’s executive order to create a Strategic BTC Reserve, a step he believes is a milestone recognition of Bitcoin’s increasing presence in the global financial system.
“Bitcoin is a nonissuer asset that was born by ‘immaculate conception,” said Saylor, echoing what investor David Sacks of Silicon Valley has stated. He described Bitcoin as “digital gold” and emphasized that no centralized power can manipulate or tamper with this decentralized store of value.
Developing his vision for the long-term future, Saylor introduced the ’21 Truths of Bitcoin,’ reiterating its ideological, technological, and economic value. BTC is not only a protocol for him, he said, but a moral phenomenon—a fixed financial system that is different from traditional monetary systems.
While Bitcoin’s current price still falls short of Saylor’s stunning $13 million forecast, he remains unwavering in his conviction. His Bitcoin-first approach to MicroStrategy is still a signature of the company’s investment strategy. Whether or not he fulfills his ambitious forecast, one thing is evident: Saylor still strongly believes in BTC and actively shapes the narrative about its future.
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