- Michael Saylor forecasts Bitcoin to reach $13 million, citing its scarcity and legal classification as a digital commodity with a fixed supply.
- The US government has reportedly approved a Strategic Bitcoin Reserve, signaling official recognition of Bitcoin as a strategic national asset.
- Bitcoin’s supply cannot be expanded like oil or gold, making it resistant to inflation and ideal for long-term value storage, says Saylor.
Strategy CEO Michael Saylor has projected Bitcoin’s price to rise to $13 million within the next two decades. During the Digital Asset Summit, Saylor emphasized Bitcoin’s role as a digital commodity with no rivals, underscoring its unique features such as scarcity and immutability.
According to him, Bitcoin stands apart from securities because its commodity nature provides better reliability in the long run.
The restricted twenty-one million coin limit that Bitcoin possesses positions it as different from traditional commodities including oil and gold. The quantity of Bitcoin remains unchanged regardless of how prices fluctuate because its total supply has an absolute and predetermined value. The protection of Bitcoin’s value occurs as a result of its built-in limited supply which Saylor explained.
Saylor pointed out that commodities such as oil and gold can experience inflation due to technological advances. He stated that higher prices could lead to more intensive extraction methods, increasing supply. In contrast, Bitcoin’s decentralized nature and algorithmic issuance prevent any artificial expansion.
Recent Price Movement and Market Sentiment Remain Positive
The cryptocurrency price of Bitcoin increased to $85,208 above its previous day’s value by 1.8 percent according to CoinGecko. During an earlier time, Bitcoin reached a value of over $86,000 but did not maintain that peak. Bitcoin holds a present value 11 percent below its month-high mark. A large group of MYRIAD prediction market traders anticipate Bitcoin to maintain its price above $83,000 during the upcoming week.
Saylor also referred to a recent executive order by the US President Donald Trump, which reportedly established a Strategic Bitcoin Reserve. He described this as a sign of growing governmental recognition of Bitcoin’s strategic role. He cited entrepreneur David Sacks, who characterized Bitcoin as an issuer-less asset with decentralized value.
Saylor further described Bitcoin as more than a financial asset, calling it a protocol and ideological structure that cannot be altered. He introduced the “21 Truths of Bitcoin,” reinforcing his belief in its long-term role within global finance. Despite market fluctuations, his position on Bitcoin’s future remains firm.
