Michael Saylor, CEO of Strategy, has once again set an ambitious price target for Bitcoin (BTC), predicting it could reach $13 million (approximately IDR 214 billion) within the next 20 years. Speaking at the Digital Asset Summit, Saylor emphasized Bitcoin’s scarcity as a digital commodity, which he believes enhances its appeal.
“I can stand here and say that I believe Bitcoin will hit $13 million in 20 years. I can’t say the same about securities, can I?” Saylor remarked, highlighting Bitcoin’s unique legal status.
He further argued that Bitcoin’s fixed supply of 21 million coins makes it the only true store of value, unlike traditional commodities such as gold and oil, which can be produced in greater quantities as demand rises.
Saylor also referenced the U.S. government’s recognition of Bitcoin as a strategic asset through former President Donald Trump’s Executive Order establishing a Strategic Bitcoin Reserve. He described Bitcoin as “digital gold” and underscored its decentralized nature.
Despite Bitcoin’s current price being far from his projection, Saylor remains confident in cryptocurrency’s long-term potential and continues to champion a Bitcoin-first approach within his company.
At the time of writing, Bitcoin is trading at $84,723, down 2% on the day and still 11% lower than a month ago.
