In 2020, Michael Saylor and his firm Strategy made a huge bet on Bitcoin, which paid off. Saylor remains extremely bullish on Bitcoin, believing recent catalysts have propelled it to new heights and that the cryptocurrency is still in the early stages. Strategy now owns 3% of all outstanding Bitcoin.

During a speech at the Bitcoin Prague 2025 conference, Saylor projected that Bitcoin could reach $21 million by 2046, implying an 18,254% upside based on current levels. He sees Bitcoin as a hedge against inflation and believes it could outperform traditional assets. Recent U.S. government actions have supported the growth of Bitcoin and other digital assets.

Despite Saylor’s massive projection, investors should approach it with caution. Bitcoin’s value is not based on traditional metrics like earnings, but its finite supply could make it a good long-term store of value. BlackRock suggests allocating up to 2% of a portfolio to Bitcoin. While Bitcoin may not reach $21 million in 21 years, it could offer unique diversification benefits.

The Motley Fool Stock Advisor team does not recommend investing in Bitcoin, instead highlighting 10 other stocks with potential for significant returns. The team has a history of outperforming the market, with total average returns of 1,060%. Missing out on their top stock picks could mean missing out on significant gains in the future.

Read more at Nasdaq Stock Market, Inc.: 1 Top Cryptocurrency to Buy Before It Soars 18,254%, According to Strategy’s Michael Saylor