As Bitcoin rebounds above $66,000, foreign media report that Michael Saylor, Executive Chairman of Strategy, offered an even more aggressive long-term outlook at BTC Prague 2026: as global capital continues to flow in, Bitcoin’s price could rise from around $70,000 to $700,000, and ultimately reach $7 million.
Determine based on funding penetration rate
In his speech, Saylor stated that although Bitcoin has expanded rapidly over the past decade, its share of the global asset system remains very small. He noted that Bitcoin’s current network value is approximately $1 trillion, while global capital stands at around $100 trillion, meaning the vast majority of wealth has yet to enter the Bitcoin network.
According to him, the substantial capital held by banks, wealth management firms, pension funds, and insurance pools remains constrained by regulatory and operational limitations, and has not yet been allocated to Bitcoin on a large scale. He believes that if institutional access continues to expand, there is still significant potential for growth in demand.
Market recovery provides the backdrop
This statement came as Bitcoin continued its rally since June. The report noted that concerns over energy supply disruptions, inflationary pressures, and escalating geopolitical tensions eased following a peace agreement between the United States and Iran, leading to improved sentiment toward risk assets.
On-chain analytics firm Santiment stated that this shift has prompted some capital to flow back into risk assets. Bitcoin rose above $66,600, and the total market capitalization of the entire crypto market returned above $2.36 trillion.
Related products continue to increase.
In addition to holding Bitcoin directly, Saylor noted that digital financial products linked to Bitcoin are expanding the ways investors can access this asset. He believes that digital credit and cryptocurrency-like products are enhancing Bitcoin network’s ability to attract capital.
The report also mentioned that Japanese investment company Metaplanet is discussing the development of income-generating products backed by Bitcoin. Saylor also introduced Strategy’s STRC security, describing it as a short-duration, high-yield fixed-income product designed for U.S. investors seeking exposure to Bitcoin.
For investors willing to accept higher volatility, he also describes Strategy stock as a "leveraged version of Bitcoin," meaning its price is more sensitive to Bitcoin's fluctuations.
- Strategy recently purchased approximately $100 million in Bitcoin again.
- The company remains one of the world's largest corporate holders of Bitcoin.
- Saylor's judgment is a long-term perspective, not a short-term price prediction.