Can Michael Saylor’s $13 million BTC Prediction Come True?

MicroStrategy executive chairman Michael Saylor is arguably the most visible proponent of Bitcoin. Saylor is backing up his bullish statements with actions, as MicroStrategy has amassed a huge stash of 471,107 BTC ($49.3 billion). 

In a podcast appearance, Saylor stated he believes Bitcoin will reach a price of $13 million in the next 21 years. 

“Every Bitcoin you don’t buy is going to cost you $13 million dollars, my friend.”

Michael Saylor predicts the #Bitcoin market will hit $180 TRILLION and beyond 🚀 pic.twitter.com/q0kBfmkFQA

— Documenting Saylor (@saylordocs) January 30, 2025

At the time of the interview, Bitcoin’s market capitalization was at roughly $1.8 trillion, but Saylor claims Bitcoin has the potential to reach a market cap of $240 trillion in the future. 

How high can Bitcoin go if it’s adopted as a reserve asset?

These figures seem preposterous at the moment – for context, the estimated market capitalization of gold currently sits at around $19 trillion. However, there is potential for significant Bitcoin price appreciation in the future, especially as the narrative of BTC functioning as a reserve asset for governments is gaining momentum.

Recently, Czech central bank governor Aleš Michl proposed that the bank invest a portion (up to 5%) of its portfolio into Bitcoin to improve diversification.

In addition, U.S. Senator Cynthia Lummis is proposing that the United States government buys 200,000 BTC per year over a period of five years, and hold the purchased BTC for at least 20 years.

🇺🇸 BULLISH: Senator Cynthia Lummis unveils a bold #Bitcoin reserve plan:

✅ Acquire 200,000 $BTC per year for 5 years.
✅ Hold the reserve for a minimum of 20 years.
✅ Goal: Cut U.S. national debt by 50% in two decades.

Could this strategy revolutionize America’s financial… pic.twitter.com/QGUKMMkbWB

— CoinCodex (@CoinCodex) January 28, 2025

Although the adoption of BTC as a reserve asset would certainly be bullish, the road to the massive valuations predicted by Michael Saylor is still unclear.

The algorithmic Bitcoin price prediction on CoinCodex is currently forecasting a very bullish future for Bitcoin, although it isn’t quite as optimistic as Saylor. The forecast expects Bitcoin to reach as high as $3.07 million by 2048, which would still be more than four times lower than Saylor’s $13 million prediction.