Michael Saylor Predicts Bitcoin Will Rise from $70K to $7 Million Inevitably

Michael Saylor Predicts Bitcoin Will Rise from $70K to $7 Million Inevitably

N
News Editor 01
2026-07-24 05:45:16
Strategy's Michael Saylor forecasted at BTC Prague 2026 that Bitcoin will eventually climb from around $70,000 to $7 million, citing a $1 quadrillion global wealth pool of which only 0.1% has entered crypto.

Bitcoin has recovered above $66,000 as Strategy Executive Chairman Michael Saylor unveiled one of his boldest long-term predictions: the asset will eventually surge from roughly $70,000 to $7 million per coin. He delivered the forecast during a keynote at BTC Prague 2026.

99.9% of Global Wealth Still Outside Bitcoin

Saylor framed his argument around a massive wealth gap. He estimated total global capital at $1,000 trillion, of which Bitcoin currently holds only about $1 trillion. "The Bitcoin network is going to expand to be a hundred trillion network," Saylor said. "Bitcoin goes from 70,000 to 700,000 to $7 million a coin. It's inevitable."

Institutional Capital Locked Out: Banks Control $156 Trillion

The executive highlighted that banks, wealth advisors, pension funds, and insurance companies manage roughly $156 trillion in assets. "If the bank can't buy anything related to Bitcoin, there's $200 trillion we're never going to get," he argued. Regulatory and operational restrictions continue to block a vast portion of these funds, leaving a huge pent-up demand once access opens.

Bitcoin-Linked Products Broaden Investor Access

Beyond direct Bitcoin ownership, Saylor pointed to the growing role of digital credit and digital money as "killer apps strengthening the Bitcoin network." He promoted Strategy's own STRC security—a short-duration, high-yield fixed-income product for U.S. investors seeking Bitcoin exposure without holding the coin directly. Strategy stock, he described, acts as an amplified version of Bitcoin for those comfortable with higher volatility. The company recently disclosed another $100 million Bitcoin purchase, cementing its position as the largest corporate holder. Meanwhile, Japanese firm Metaplanet is exploring Bitcoin-backed yield products, signaling rising enterprise interest in Bitcoin-based financial services.

Market sentiment has improved after a U.S.-Iran peace deal eased energy and inflation fears, pushing Bitcoin above $66,600 and lifting total crypto market cap past $2.36 trillion, according to Santiment.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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