Strategy (formerly MicroStrategy) CEO Michael Saylor doubled down on his claim that the price of Bitcoin will go to $13 million over 20 years.
Speaking at the Digital Asset Summit, Saylor emphasized Bitcoin’s unique qualities as a scarce, digital commodity, arguing that no other asset can compare.
“I can stand here and I can tell you that I think the price of Bitcoin will go to $13 million over 20 years. I couldn’t say that about a security, right?” Saylor declared, highlighting Bitcoin’s legal status as a commodity rather than a security.
Saylor stressed that Bitcoin is the only asset immune to human corruption, referring to its origin as a product of what he calls an “immaculate conception.” Unlike traditional commodities like gold or oil, which can be extracted in greater quantities when prices rise, Bitcoin has a fixed supply of 21 million coins, making it the ultimate store of value, he argued.
“Every other commodity can be created with technology, capital, and know-how,” Saylor explained. “If the price of oil goes to $1,000 a barrel, we’ll frack it, triple-frack it, hyper-frack it. Same with gold. There’s been hyperinflation in gold multiple times. But Bitcoin is different—it is the one and only digital commodity.”
Saylor also pointed out that Bitcoin has now been recognized by the U.S. government as a strategic asset, referencing President Donald Trump’s recent executive order establishing a Strategic Bitcoin Reserve.
“Two weeks ago, the President signed into law via the executive order a strategic Bitcoin reserve,” Saylor noted. “David Sacks said Bitcoin is an asset without an issuer, spawned via an immaculate conception. It is decentralized. We recognize it as a store of value. It is our digital gold.”
Saylor referred to Bitcoin as an ideology, an asset, and a protocol that is immaculate and ethical as he “revealed” 21 truths of Bitcoin during the session.
