Key Points
- Michael Saylor predicts Bitcoin’s market cap to eventually hit $200 trillion.
- Saylor suggests the U.S. should acquire Bitcoin as part of a strategic crypto reserve.
Michael Saylor, Strategy’s Executive Chairman, recently stated in a CNBC interview that the market capitalization of Bitcoin (BTC) could potentially reach $200 trillion.
Saylor’s Advocacy for Bitcoin
Saylor, a known supporter of Bitcoin, has been in discussions with policymakers across the political spectrum, including members of the Trump administration. He has proposed that the U.S. should consider acquiring Bitcoin as a strategic crypto reserve, describing it as the “most significant economic program of the 21st century.”
In the discussion, Saylor highlighted Bitcoin as an asset class that does not compete with the U.S. dollar. Instead, it stands in competition with global equities and real estate.
Bitcoin’s Market Cap and Volatility
“We’re at about $2 trillion in Bitcoin right now. It’s heading towards $20 trillion, then $200 trillion, growing at a rate of 20% per year,” Saylor said. He further suggested that if the U.S. acquired 10–20% of the Bitcoin network, it could potentially pay off the national debt.
When questioned about Bitcoin’s volatility, Saylor downplayed concerns by drawing comparisons to historical U.S. land acquisitions. He used the purchases of Manhattan and Alaska as examples to illustrate his point.
Saylor also emphasized the decentralization of Bitcoin as a significant advantage. He pointed out that it is a digital commodity that lacks an issuer or centralized control. He further highlighted its historical performance, stating, “It’s the best-performing asset in the past 15 years, and generally the best-performing asset every single year.”
