Bitcoin champion and billionaire Michael Saylor has made another big bet on the future of the world’s largest digital asset. The Strategy chairman thinks bitcoin’s market cap will hit $200 trillion and the price will go to $10 million per coin.
In a recent interview with CNBC, Saylor said bitcoin’s growth is inevitable as more investors, institutions and even governments recognize its value.
He also praised recent US digital assets policy moves, including President Donald Trump’s plan for a strategic digital asset reserve that would include bitcoin and other digital assets.
When asked about the President’s view including smaller altcoins and if it worries Saylor, he dismissed being concerned. Saylor said that he’s not surprised about that, and that this is a bullish case for bitcoin.
He emphasized that the country is on a progressive policy towards digital assets, and things will finally shape up, as bitcoin has characteristics that no other asset has; namely being a digital commodity, a neutral asset, and having no issuer or central control.
He stated he’s not worried about altcoins, because none of them can replace bitcoin, adding:
“There are conservatives that view the right path forward as a bitcoin-only policy, because bitcoin is a commodity … a neutral asset, there’s no controversy there. But the President adopted a more liberal economic policy. That’s his right, he’s the President of the United States.”
Saylor has been one of Bitcoin’s most vocal advocates for years, often saying it’s better than gold, real estate and fiat currency. In his latest prediction, he reiterated that bitcoin will keep growing. He said:
“Bitcoin’s market cap is approximately $2 trillion at the moment. The next stop is $20 trillion; after that, it is $200 trillion. After that, it will grow 20% yearly.”
His rationale is simple: Bitcoin has a fixed supply of 21 million coins, making it scarce and valuable. Unlike fiat money which governments can print unlimited amounts of, bitcoin is protected from inflation and currency devaluation.
Saylor’s prediction comes as institutional interest in bitcoin is reaching new highs. Big companies, hedge funds and even sovereign wealth funds are investing in bitcoin, treating it as “digital gold.”
Related: Abu Dhabi Invests $437 Million in BlackRock’s Bitcoin ETF
More importantly, the US government is now considering putting bitcoin in a national reserve. Trump said his administration is looking at a reserve that would include bitcoin but also other altcoins as well.
Saylor sees this as a game changer for the digital asset industry.
“If the United States takes a position in the emerging crypto economy if it buys up 10%-20% of the Bitcoin network, we’re going to pay off the national debt,” he said. “Why wouldn’t that be in the interest of the United States?”
Saylor has compared bitcoin’s potential to historic US land acquisitions, like the purchase of Manhattan and Alaska, which turned out to be super valuable over time.
He thinks bitcoin is a once in a lifetime investment opportunity. Some say bitcoin is too volatile to invest but Saylor says that’s nonsense. He highlighted that no one has ever lost money holding bitcoin for more than 4 years, no matter what the market does.
According to the latest reports, Saylor has been invited to the White House Crypto Summit on March 7. Saylor’s presence can have a great impact on shaping the US digital assets policy.
