Bitcoin to reach $150,000 by year-end, $20 million in the long run

Bitcoin's most vocal bull is back on CNBC. And this time he's putting some huge numbers on the board.

Strategy founder says Bitcoin will 'wear out' to $150,000 by year-end

Strategy founder Michael Saylor said in an interview with CNBC this week that Bitcoin is on track to reach $150,000 by the end of 2025, and in the long term could reach a staggering $20 million per coin over the next 20 years. Saylor also discussed Wall Street, tech giants, and major banks accepting major crypto assets.

Saylor, whose firm currently holds 640,808 BTC worth nearly $72 billion, told CNBC that Bitcoin's volatility is “calming down” as the market matures with new derivatives and hedging tools. “Bitcoin will continue to wear out,” he said, adding that institutional infrastructure is beginning to rein in the wild swings that once defined Bitcoin.

Saylor's CNBC interview.

When asked for more details, Saylor cited the consensus of equity analysts covering both the strategy and the broader Bitcoin sector, citing $150,000 as a realistic year-end target. He also said there is “no reason why” Bitcoin won't “grow to $1 million per coin” within four to eight years.

And then came the kicker. “My long-term prediction is for Bitcoin to rise by about 30% per year for the next 20 years, so it’s heading towards $20 million,” Saylor declared with his characteristic blend of conviction and mathematical optimism. Whether it will play out that way is anyone's guess, but all that matters is the watch.

Saylor's prediction came amid renewed optimism in the crypto market, where exchange-traded fund (ETF) inflows, sovereign accumulation, and increased adoption by institutional investors are fueling the Bitcoin bull case. But even by Saylor's standards, $20 million per coin feels like a new height for even the most die-hard Bitcoiner's faith.

“I think the most exciting thing is that 12 months ago you couldn't get loans against Bitcoin or loans against wrapped Bitcoin like you could with ETFs like IBIT,” Saylor said in an interview. “You couldn't get these loans from any of the big banks in the country, and now we're seeing Bank of America, JPMorgan, Wells Fargo and BNY Mellon starting to embrace this asset class.”

The Strategy founder added:

“We see other innovative banks, Charles Schwab, Texas Capital, offering pretty progressive credit terms for both IBITs. And now even many of those banks are starting to talk about providing credit for the underlying Bitcoin. I think in 2026 we'll see some of the big banks like Citi and BNY Mellon start storing Bitcoin and companies like JPMorgan start issuing credit against Bitcoin. I think this is very fortunate for the whole industry.

Frequently asked questions 📊

• What is Michael Saylor's target price for Bitcoin by the end of the year?Thaler predicted that Bitcoin would reach around $150,000 by the end of 2025.
• How much Bitcoin does Strategy currently hold?The strategy secured 640,808 BTC worth approximately $72 billion.
• What is Saylor's long-term prediction for Bitcoin?He predicts that Bitcoin could reach $20 million per coin over the next 20 years.
• Why does Thaler think volatility is decreasing?He attributes the stabilization of Bitcoin prices to market maturation, the growth of derivatives, and hedging tools.