Michael Saylor, founder of Strategy, shared an ambitious year-end prediction for the Bitcoin (BTC) price during an interview with CNBC Crypto World at the Money20/20 conference, forecasting that BTC could reach the $150,000 level.
Saylor's optimistic outlook is underpinned by several key factors, including increasing institutional adoption, a positive regulatory environment, and the company's development of innovative digital credit instruments.
Elaborating on his expectations for Bitcoin, Saylor stated, “Our current expectation is that it should be around $150,000 by the end of the year,” citing current market dynamics and institutional structuring as the basis for this forecast.
Looking further ahead, Saylor anticipates that Bitcoin will move towards “a million dollars in the next four to eight years” in the medium term. For the longer term, Saylor projects Bitcoin to appreciate at approximately 30% per year over two decades, potentially heading towards “$20 million.”
Saylor also discussed Strategy's new suite of digital credit instruments: Strike, Strife, Stride, and Stretch. He explained that these products are designed to offer investors a range of options catering to different risk tolerances. Saylor highlighted a key feature of these instruments: because dividends are financed through equity sales, which are considered capital returns, they are not subject to taxation. This tax advantage, he argued, could elevate the tax-equivalent yield to a range between 16% and 20%.