Michael Saylor, founder of Strategy, has increased his long-term Bitcoin price prediction to $21 million by 2046. He shared this forecast during a keynote at the BTC Prague 2025 event, citing recent geopolitical and adoption developments as factors behind his optimism.
Saylor stated, “I think we’re going to be $21 million in 21 years. It’s a very special time in the network. Maybe the one time in the history of the network where you look out 21 years and you see $21 million.” This forecast marks a significant rise from his previous estimate of $13 million by 2045, announced at the Bitcoin 2024 conference in Nashville.
He highlighted unexpected advances over the past year, including the White House’s embrace of Bitcoin, a shift in political attitudes following Donald Trump’s 2024 presidential victory, and the U.S. government’s plans to establish a strategic Bitcoin reserve. Saylor pointed to new legislation, such as the Genius Act, the Digital Asset Market Clarity Act, and the Bitcoin Act, reflecting growing regulatory support.
Strategy continues to expand its Bitcoin holdings, having acquired $1 billion worth of BTC recently and holding 592,100 BTC as of June 15, 2025. However, the company has not disclosed details about asset storage, with Saylor citing security reasons for declining to provide proof-of-reserves.
Saylor’s view on self-custody has evolved after criticism last year. Initially skeptical and encouraging trust in banks for Bitcoin storage, he later endorsed self-custody for those prepared to manage it personally.
The BTC Prague event underscored rising interest in self-custody among the Bitcoin community. Danny Sanders, chief commercial officer at hardware wallet maker Trezor, one of the event’s main sponsors, noted that over 5,000 attendees including developers, Bitcoin enthusiasts, and newcomers showed strong engagement with Bitcoin’s future and open-source tools.