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Michael Saylor predicts Bitcoin to reach $200 trillion market cap, pricing it at $10 million
Bitcoin bull and Strategy co-founder Michael Saylor is doubling down on his prediction that Bitcoin (BTC) will skyrocket in value, stating that the digital asset is on track to reach a $200 trillion market cap.
"Right now, we're about $2 trillion in Bitcoin. It's going to 20 trillion, then it's going to 200 trillion. Then it's growing 20% a year," Saylor said in an exclusive CNBC interview. "That capital is coming from overseas... from China, from Russia, from Europe, from Africa, from Asia, from the 20th century to the 21st century."
If Bitcoin's market cap reaches $200 trillion, its price per BTC would be approximately $10 million. This is calculated by dividing $200 trillion by the maximum supply of 21 million BTC.
His comments come as U.S. President Donald Trump announced plans to create a Crypto Strategic Reserve, which would include Bitcoin, Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA). The proposal has triggered heated debate in the financial and crypto communities.
A Bitcoin-only reserve or a political play?
Saylor, a longtime advocate for Bitcoin as a sovereign reserve asset, acknowledged that while some prefer a Bitcoin-only approach, Trump has chosen a broader strategy.
"There’s no way to interpret this other than this is bullish for Bitcoin and is bullish for the entire U.S. crypto industry," he said. "There are conservatives that view the right path forward as just a Bitcoin-only policy... but the President’s adopted a more liberal economic policy, and that's his right."
When asked if he was directly involved in advising the White House on the reserve plan, Saylor confirmed that he has been in discussions with lawmakers.
"I've met with a bunch of senators on the Democratic and the Republican side, a bunch of congresspeople, a few members of the cabinet, and a few members of the administration," he said. "For the last four and a half years, I’ve been talking about Bitcoin to anybody, anywhere in the world, every day."
Why the U.S. needs a Bitcoin reserve
Saylor argues that a strategic Bitcoin reserve would allow the U.S. to capitalize on the growing digital economy and potentially pay off its national debt.
"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. And so why wouldn’t that be in the interest of the United States?" he said.
He also dismissed concerns over Bitcoin's volatility, pointing out its long-term gains.
"I don't think anybody's ever lost money in the Bitcoin network holding for four years," he said. "Presumably, you want to buy Bitcoin, you want to hold it for 100 years."
The political battle ahead
The creation of a U.S. Crypto Reserve is still in its early stages, and Saylor noted that the decision will be shaped by lawmakers over the coming months.
"There are a dozen people on it: the head of the Treasury, the SEC, the CFTC, Commerce, the Attorney General, the President... both the Republicans and the Democrats," he noted. "Everybody's going to have their opinions."
With a July 22 deadline for the White House’s Digital Assets Framework, Saylor believes the next few months will be crucial.
"We bought Manhattan for 60 guilders. It was a good trade. We bought Alaska for $6 million. It was a good trade," Saylor said. "We can afford it. We should buy the future."