Michael Saylor sees Bitcoin $21 M 2046, owns 4% supply
SkimNews Take
Saylor is both the pitchman and the largest public corporate BTC holder, so a headline price target of $21M by 2046 doubles as a self-reinforcing narrative for the 762,099 coins already on Strategy's books.
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- Bitcoin fell 45% over the past six months yet still trades above $67,000, with a 1.91% daily gain.
- Michael Saylor projects Bitcoin’s price to reach $21 million per coin by 2046, representing a 31,243% increase from today’s price.
- Strategy converted into a Bitcoin treasury in 2020 and now holds 762,099 BTC, valued at $51 billion, roughly 4% of the total circulating supply.
- Michael Saylor argues that future tokenization of all real assets will make Bitcoin the ideal reserve currency, driving massive demand.
- Bitcoin would not gain net value if used solely for asset transfers, because buyers and sellers would simply convert the coin back to fiat, creating a zero‑sum transaction.
- Bitcoin reaching $21 million would imply a fully diluted market cap of $441 trillion, dwarfing the U.S. economy’s $30.6 trillion output and Nvidia’s $4.2 trillion valuation.
- Bitcoin could more realistically achieve a $1.523 million price, a 2,170% upside, based on the $32 trillion value of above‑ground gold reserves.
Why it matters: If Bitcoin became the world’s sole reserve currency, large economies could dominate while small economies risk losing export competitiveness; however, the article suggests a modest $1.5 million target is more plausible, offering investors a sizable upside without requiring disruptive global policy shifts.
