2476: $16 Million Bitcoin EXPLOSION - Saylor Says He'll Buy All The Way Up

Michael Saylor said Strategy would keep buying Bitcoin at prices ranging from $60,000 to $16 million per coin, describing the approach as “buying the top forever” and saying the company’s role was to “power up the network.” He also said Bitcoin could reach $49 million within two decades. Strategy was reported to hold 847,666 BTC, worth more than $72 billion and representing over 4% of Bitcoin’s 21 million maximum supply. The host said Saylor chose Bitcoin over gold for Strategy’s cash reserves in 2020, calling fiat a “melting ice cube,” and described the company as having moved from $15 billion underwater to significantly in the green.

The host said Strategy could potentially reach one million Bitcoin by year-end, while emphasizing there was no guarantee. Strive was reported to hold 27,462 BTC, valued at $2.3 billion; Saylor’s post saying “more orange than ever” was not confirmation of another purchase. The broader supply picture, as presented in the episode, includes competition among Wall Street ETFs, public-company treasuries, governments, and individuals for a capped asset. Roughly 200 public companies were said to have Bitcoin exposure on their balance sheets. The host also cited BlackRock as controlling roughly 800,000 BTC and Chainalysis as estimating that three to four million Bitcoin are permanently lost.

The episode presented sharply bullish but highly uncertain price projections. The host cited stock-to-flow forecasts of at least $500,000 by the 2028 halving, with a possibility of $1 million, and said power-law models pointed to a seven-figure price by the end of the decade. For the near term, the host targeted $100,000 in October, noting that Bitcoin’s average October return of 18% would imply about $98,000, and said there was a strong chance of retesting and breaking the all-time high before year-end. The Oracle forecast around $200,000 by year-end, while the host said he believed Bitcoin could reach $1 million in that period. These forecasts differ substantially, and the episode did not present them as guaranteed outcomes.

The host argued that a Bitcoin price of $16 million would imply a fully diluted network value in the hundreds of trillions of dollars, while rising prices could validate Bitcoin without necessarily ending institutional demand. To illustrate the asset’s past performance, he compared a $10,000 investment in 2016 Treasury bonds, said to be worth $7,800 now, with the same amount in Bitcoin, said to be worth $1.2 million. He also estimated that Bitcoin would surpass companies by market value at specific prices: Meta at $92,000, SpaceX at $104,000, TSMC at $122,000, Amazon at $135,000, Microsoft at $191,000, Google at $207,000, and Apple at $242,000.

Institutional and government access featured as potential sources of demand. Coinbase’s chief business officer said the company was working with advisers at six global systemically important banks to expand Bitcoin access. The host said regulatory changes now allow banks and credit unions to self-custody Bitcoin, while Binance founder CZ was discussing Bitcoin and crypto adoption with dozens of governments. The host said China, Russia, Japan, Thailand, and the UK were looking to embrace Bitcoin, and that the U.S. held roughly 200,000–300,000 government-seized BTC.

The Clarity Act received 49 votes, short of the 60 needed, and the host said every Democrat voted against it. He argued that the bill could still pass by year-end but that failure would not halt adoption elsewhere. The host also said Trump signed an executive order in March 2025 proposing a Strategic Bitcoin Reserve: under the plan as described, the government would acquire 200,000 BTC annually for five years through net-neutral strategies and then hold it for 20 years. Jordan Visser, speaking with Anthony Pompliano, said he believed Bitcoin was in a bull market and that its fundamentals were strengthening.