Michael Saylor’s Bitcoin Bullishness Hits New Heights: ‘I’m Getting More Bullish’ 🚀💰

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Michael Saylor is ultra bullish on bitcoin as institutional adoption explodes, supply tightens, and regulatory clarity fuels his bold 30% annual growth forecast for two decades.

Michael Saylor, executive chairman of software intelligence firm Microstrategy (Nasdaq: MSTR), which now operates under the name Strategy, expressed during a June 6 interview with CNBC his confidence in bitcoin’s long-term performance. 📈

He recalled issuing a $13 million bitcoin price forecast in July 2024 based on an annual appreciation of 29% over 21 years. At the time, bitcoin was trading around $65,000. That model projected BTC to reach $13 million by 2045. With bitcoin now trading above $100,000, Saylor is becoming even more bullish on BTC. The Strategy executive chairman stated:

I’m getting more bullish on that forecast. I’m certainly comfortable forecasting 30% a year on average for the next 20 years. 🚀

Citing macroeconomic and regulatory changes, Saylor outlined several developments he believes have materially reinforced bitcoin’s investment thesis. He pointed to official classification of bitcoin as a digital commodity by U.S. regulators, the adoption of fair value accounting rules, and new legal clarity allowing banks to offer bitcoin custody services. He said these structural changes have driven accelerating institutional demand, noting: “There’s like 100 public companies or more. They’re holding bitcoin on their balance sheet.” He added that new participants continue to emerge weekly, indicating what he sees as a broader shift in corporate treasury management strategy. 🏦

Saylor also emphasized bitcoin’s tight supply dynamics. He noted that only 450 new bitcoins are mined each day—equating to roughly $45 million to $50 million at current prices—and said this limited issuance is being fully absorbed by institutional buyers, including ETFs and corporations. 🤑

Comparing asset class performance, he highlighted bitcoin’s 57% compound annual return over the past four and a half years. He said that’s twice the return of the so-called Magnificent Seven stocks, four times the S&P 500, eight times the real estate average, while bonds have declined by 4%. Based on these figures, he argued that bitcoin’s growth outlook may exceed earlier assumptions. He concluded:

I’m very bullish. 🚀💰

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2025-06-09 02:57