Why Saylor Believes Bitcoin Is the Ultimate Store of Value
At the recent Digital Asset Summit, MicroStrategy Executive Chairman Michael Saylor stunned attendees with a jaw-dropping prediction: Bitcoin could soar to $13 million per coin within the next 20 years. His outlook is rooted in what he sees as Bitcoin’s unmatched advantages over traditional assets like gold and oil.
Saylor emphasized Bitcoin’s fixed supply of 21 million coins as a core strength. Unlike commodities such as oil and gold, which can see supply increases through new extraction technologies or intensified mining, Bitcoin’s supply is locked in by design. That built-in scarcity, he argues, makes it a far more reliable long-term store of value.
To drive the point home, Saylor compared Bitcoin’s supply limits with the volatility of traditional commodities:
- Oil production can ramp up through methods like fracking when prices rise.
- Gold has experienced inflationary pressures due to increased mining activity.
- Bitcoin, by contrast, has a hard cap—there’s no way to create more of it.
Regulatory Clarity Adds to Bitcoin’s Appeal
Another pillar of Saylor’s bullish stance is Bitcoin’s legal classification. It’s designated as a commodity, not a security—a detail he considers crucial.
“I think Bitcoin’s gonna be $13 million in 20 years. I could never say that about a security,” Saylor said at the summit, highlighting how this regulatory clarity gives Bitcoin an edge over other digital assets that face more legal uncertainty.
MicroStrategy’s Strategy Reflects Saylor’s Conviction
Saylor’s confidence isn’t just talk. MicroStrategy has evolved from a traditional software firm into one of the most prominent corporate holders of Bitcoin. As of February 2025, the company holds 499,096 bitcoins, purchased for roughly $27.95 billion at an average cost of $62,473 per coin.
This aggressive Bitcoin investment strategy reflects Saylor’s belief that the cryptocurrency offers long-term value far beyond its current price. In his view, Bitcoin isn’t just an asset—it’s a financial revolution.
The Risks: Volatility and Uncharted Territory
Despite Saylor’s bold projection, such forecasts come with major caveats. Bitcoin’s price history has shown extreme volatility, and future growth will hinge on several unpredictable factors:
- Global regulatory changes
- Technological innovations
- Macroeconomic shifts
- Mass adoption by institutions and consumers
Reaching a price of $13 million per coin would imply a total market capitalization in the hundreds of trillions—something the world has never seen for any asset.
Michael Saylor’s vision for Bitcoin underscores his belief in its potential as the ultimate store of value. From its capped supply to its commodity status, Bitcoin ticks the boxes that he believes will drive massive long-term appreciation. Still, investors should temper excitement with caution, doing their own research and considering the high-risk nature of crypto markets.
