Bitcoin is confidently moving towards $1 million – Michael Saylor

Strategy Executive Chairman Michael Saylor, in an interview with Schwab Network, expressed confidence that Bitcoin (BTC) will be worth $150,000 by the end of 2025 and $1 million within the next eight years.

At the same time, according to him, the main drivers of asset growth will be the institutional adoption of cryptocurrencies and the emergence of the United States as a leader in the new economy.

Saylor recalled that Strategy became the first company with digital gold reserves to receive a credit rating from S&P. He called this a step “toward the maturity of the industry.”

On the topic: The crypto market will become mature and global in 2025 – a16z report

The company then launched four publicly traded digital credit instruments—Strike, Strife, Stride, and Stretch. According to Saylor, all of them are backed by Bitcoin and offer returns of 8% to 12% per annum.

“For investors, this is an opportunity to earn a stable return without market volatility. For us, it's a way to monetize the growth of the asset's value,” he explained.

At the time of publication, Strategy holds 641,205 BTC worth $47.49 billion, with an average price of $74,057 per coin. On November 3, the company reported a new purchase, adding a total of 1,175 BTC to its balance in October.

Bitcoin purchasing chart. Source: Michael Saylor/Strategy.

Institutional acceptance

Saylor called 2020 the year of institutional adoption of digital assets. Among the key factors, he highlighted the approval of spot Bitcoin ETFs, the transition to fair valuation of crypto assets according to the FASB standard, and the “pro-crypto administration” in the US led by President Donald Trump.

On the topic: Donald Trump pardoned Binance founder Changpeng Zhao

Thanks to the new policy, he said, major banks—including JPMorgan, Wells Fargo, Citi, and BNY Mellon—have begun preparing to hold and lend against Bitcoin.

“Without banks, the asset won't be able to stay above $100,000. With their help, it will reach a million,” he said.

According to Strategy's corporate guidelines, the target price for the first cryptocurrency by the end of 2025 is $150,000. In the long term, the company expects the asset to grow annually by 29-30% over two decades.

On the topic: Robert Kiyosaki predicted Bitcoin would reach $200,000 in 2025.

Sailor about mining

Speaking about mining, the head of Strategy noted that the industry's shift to collaborating with data centers for AI was a “historic turning point.”

“Artificial intelligence creates digital intelligence, and Bitcoin creates digital money. Both technologies are powered by electricity. These are the two pillars of the new era: digital energy and digital capital,” said Saylor.

He added that nuclear energy will be the key to sustainable growth of the industry.

On the topic: Russia has proposed introducing criminal liability for illegal cryptocurrency mining.

Message to Skeptics

In response to criticism of the first cryptocurrency, Saylor said that Bitcoin is not a toy for the rich, but a salvation for the poor.

“If you live in Argentina, Turkey, or Nigeria and your national bank collapses every 20 years, Bitcoin is the only way to protect yourself. It's economic insulin for humanity,” he emphasized.

Saylor also compared the first cryptocurrency to land in Manhattan in the 18th century: a rare asset whose value increases with each passing decade.

“Bitcoin is Cyber Manhattan. There are only 21 million plots, and demand for them will only grow. You can buy them now at a 99% discount, but in ten years you'll pay a hundred times more,” he said.

Following Saylor's interview, Bitcoin continues its downward spiral after breaking the psychologically important $110,000 level. According to CoinMarketCap, the asset has lost another 2% over the past 24 hours, falling to $104,250.

BTC/USD dynamics. Source: CoinMarketCap.