Michael Saylor took the stage at BTC Prague this week to make his latest bullish case for Bitcoin, calling for a price of $7 million per coin. The MicroStrategy chairman framed the pitch as a vision for 'Bitcoin capitalism,' but also conceded that the asset's notorious volatility remains a significant obstacle to that goal.
The $7 million target
Saylor didn't offer a specific timeline for the price target. Instead, he argued that Bitcoin's fixed supply and growing institutional adoption make such a valuation inevitable over the long term. The $7 million figure is roughly 100 times Bitcoin's current price, a level Saylor has referenced before in his public appearances.
Volatility as a challenge
The article notes that Bitcoin volatility remains a significant challenge to Saylor's vision. Sharp drawdowns — like the 2022 bear market and periodic corrections this year — make it harder for corporate treasuries and retail investors to hold through cycles. Saylor acknowledged the volatility but framed it as a feature, not a bug, for disciplined long-term holders.
BTC Prague context
The conference, held in Prague, is one of Europe's largest Bitcoin gatherings. Saylor's keynote was among the most anticipated, given his role as one of Bitcoin's most vocal corporate advocates. He did not announce any new MicroStrategy purchases or corporate actions during the talk.
Saylor's $7 million call is a long-range target, not a near-term forecast. The immediate question is whether Bitcoin can hold recent gains amid macroeconomic uncertainty. No further public appearances by Saylor are scheduled for this week.
