Key Takeaways:
Michael Saylor on Thursday called $60,000 Bitcoin’s price floor, forecasting the asset would deliver 30% annual returns to outperform traditional stock indexes.
"We'll rally from here," Saylor, executive chairman of Strategy, said in an interview with CNBC on May 21. He described the market as moving into a "spring phase" with a favorable macro backdrop.
The forecast implies returns triple the S&P 500’s long-term average of about 10% annually. Year-to-date, however, Bitcoin is down 12% to around $77,600, while the S&P 500 has gained 8%. The comments came as spot Bitcoin ETFs saw four straight days of net outflows totaling $1.3 billion through Wednesday, according to Farside Investors data.
Saylor’s outlook underpins his firm’s strategy and a long-term price target of $13 million by 2045, banking on institutional adoption and Bitcoin's fixed supply to drive value. The $60,000 level, which the asset approached in February, now serves as a key line of defense for bulls.
The executive also said he expects his company’s stock (MSTR) to “outperform bitcoin.” Shares of Strategy, which holds a significant amount of Bitcoin, are up 10% this year, ahead of both Bitcoin and the S&P 500.
Saylor pointed to regulatory progress in the U.S. as a potential tailwind, including the CLARITY Act advancing through the Senate Banking Committee. He also mentioned the possibility of the Securities and Exchange Commission introducing "innovation exemptions" for tokenized securities, which could expand blockchain use in financial markets.
This article is for informational purposes only and does not constitute investment advice.
