Speaking with CNBC this week, Strategy founder Michael Saylor said bitcoin is on track to hit $150,000 by the end of 2025, with a long-term trajectory that could take it to a jaw-dropping $20 million per coin over the next two decades. Saylor also discussed Wall Street, tech giants, and big banks embracing the leading crypto asset.

Saylor, whose firm currently holds 640,808 BTC valued near $72 billion, told CNBC that bitcoin’s volatility is “coming off” as the market matures with new derivatives and hedging tools. “I think bitcoin’s gonna continue to grind up,” he said, adding that institutional infrastructure is taming the wild swings that once defined the asset.

Saylor’s CNBC interview.

When pressed for specifics, Saylor cited consensus among equity analysts covering both Strategy and the broader bitcoin sector, pointing to $150,000 as a realistic year-end target. Beyond that, he said he “doesn’t know why” bitcoin wouldn’t “grind up to a million dollars a coin” within four to eight years.

And then came the kicker: “My long-term forecast — as it goes up about 30% a year for the next 20 years — we’re headed toward $20 million bitcoin,” Saylor declared, with his signature blend of conviction and mathematical optimism. Whether it plays out that way is anyone’s guess, and the clock’s the only judge that counts.

Saylor’s prediction lands amid renewed optimism in crypto markets, where exchange-traded fund (ETF) inflows, sovereign accumulation, and rising institutional adoption have refueled the bitcoin bull narrative. Yet even by Saylor’s standards, $20 million per coin feels like a new altitude in even the hardest bitcoiner’s faith.

“I think the most exciting thing is that 12 months ago, you couldn’t get a loan against bitcoin or a loan against wrapped bitcoin—like an ETF such as IBIT,” Saylor noted during his interview. “You couldn’t get those loans from any major bank in the nation. And now, what you see is that Bank of America, J.P. Morgan, Wells Fargo, and BNY Mellon are all beginning to embrace this asset class.”

The Strategy founder added:

“You see other innovative banks—Charles Schwab, Texas Capital—offering pretty progressive credit terms against either IBIT, and now even many of those banks are starting to talk about offering credit against underlying bitcoin. I think in 2026, we’ll start to see some of these major banks, like Citi and BNY Mellon, start to custody bitcoin, and companies like J.P. Morgan start to issue credit against it. I think it’s all very auspicious for the entire industry.”

• What price target did Michael Saylor set for bitcoin by year-end?
  Saylor forecasted bitcoin reaching about $150,000 by the end of 2025.
• How much bitcoin does Strategy currently hold?
  Strategy secures 640,808 BTC worth roughly $72 billion.
• What is Saylor’s long-term forecast for bitcoin?
  He predicts bitcoin could reach $20 million per coin over the next 20 years.
• Why does Saylor believe volatility is decreasing?
  He credits market maturity, growing derivatives, and hedging tools for stabilizing bitcoin’s price.

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