Michael Saylor used the main stage at BTC Prague 2025 to push the boundaries of even his own bullish reputation.
Speaking to thousands of attendees on Saturday, the Strategy founder said he now envisions a single Bitcoin changing hands for $21 million sometime in the next 21 years. Twelve months ago, on a different podium, Saylor’s long-range target was $13 million by 2045. What changed? “Everything,” he told the crowd.
Since last summer, the United States has swung from regulatory friction to political embrace, Saylor argued. A White House that openly calls itself “Bitcoin-friendly,” a proposal for a federal strategic BTC reserve and three fast-moving bills—covering stablecoins, market structure and Bitcoin’s legal status—have created momentum few predicted. “Nobody had this on their bingo card a year ago,” he said. Saylor credits Donald Trump’s election victory for tipping Washington toward a pro-crypto stance that state legislatures are now echoing.
Strategy is matching rhetoric with balance-sheet action. The business-intelligence firm added another billion dollars’ worth of Bitcoin last week, lifting its stash to roughly 592,100 coins. Exactly where those coins live remains a guarded secret; Saylor still refuses to publish a proof-of-reserves report, citing security risks. His caution once spilled into skepticism about self-custody, a stance that drew heavy fire from hardcore Bitcoiners. By late 2024 he had softened, saying cold-storage wallets made sense “for those willing and able.”
The self-custody crowd was out in force in Prague. Hardware-wallet maker Trezor, a lead sponsor, said more than 5,000 developers, veterans and first-timers streamed through its demo booths, peppering staff with questions about running their own keys. Conference organizers described the mood as “builder-heavy and maximalist,” a backdrop that seemed to amplify Saylor’s sky-high forecast.
Skeptics will note that Bitcoin still hovers near $100,000—hardly pocket change, but orders of magnitude below Saylor’s moonshot. He counters that adoption curves, regulatory clarity and corporate treasury demand all tilt the odds in his favor. “This is the one moment in the network’s life,” he said, “when 21 years out and 21 million dollars line up as more than just a headline.” For believers and doubters alike, the clock is now ticking.
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