Michael Saylor, a prominent Bitcoin advocate and co-founder of MicroStrategy, has forecasted that Bitcoin price could reach $820,513 if its market cap matches gold’s $16 trillion valuation. His prediction aligns with former U.S.
President Donald Trump’s recent announcement of plans to establish a strategic Bitcoin reserve for the United States. These developments have fueled speculation about Bitcoin’s potential to overtake gold as the dominant global store of value.
Trump’s Bitcoin Reserve Vision Fuels Optimism
In July 2024, Donald Trump announced in a speech at the Bitcoin 2024 Conference a new plan to establish a US Strategic Bitcoin Reserve.
He then said that due to the characteristics of Bitcoin, the cryptocurrency is a better store of value than gold and said that Bitcoin has the potential to overtake gold which has a market capitalization of $16 trillion. At such a valuation, the price of Bitcoin would go higher to about $820,513 per BTC.
Saylor further supported Trump’s view by noting that due to its scarcity and the fact that it is a decentralized digital currency, Bitcoin should be used as a reserve currency.
”Bitcoin will be the ultimate store of value,” Saylor said, which only added more fuel to the fire in terms of rallying behind the cryptocurrency.
– Advertisement –
MicroStrategy Doubles Down on Bitcoin Accumulation
Saylor has remained the CEO of MicroStrategy where the company has kept on with the buying spree of bitcoins.
At the beginning of January 2025, the company has 447,470 BTC in its possession which it bought for $27.97 billion, with the average price of one Bitcoin being $62 503. This makes MicroStrategy the biggest corporate owner of Bitcoin, underlining its strategic vision of the cryptocurrency.
In Q4 2024, MicroStrategy purchased an additional 1,070 BTC at approximately $101 million, thus expanding its holdings with the growing prices. MicroStrategy raised its BTC yield to 74.3% for FY 2024, which proves even further the effectiveness of the firm’s Bitcoin-centric approach.
Also, MicroStrategy’s 21/21 plan to buy BTC to the tune of $42 billion is still on course. The company is targeting to get $21 billion from equity and $21 billion from fixed-income securities to illustrate its aggressive strategy in terms of Bitcoin investment.
So far, MicroStrategy has bought more than 194,000 BTC under the 21/21 Plan, which means that it has reached halfway in just two months. This continuous increase shows the company’s belief in Bitcoin as a store of value and an inflationary hedge.
Bitcoin Price Targets $107,500 Amid Bullish Momentum
Bitcoin has been holding a strong bullish sentiment after breaking through a falling wedge pattern on the 4-hour chart. This breakout, a trustworthy continuation signal, propelled Bitcoin past $100k mark and is now trading at $100,981.
The breakout was also cemented by the use of volume, which is a common sign of market demand. Bitcoin now stands at the $102,500 level and the next big level of resistance is at $107,500. The price should hold at $100,000 to continue the rally, but a dip to $97,500 may help stabilize if the price drops.
As of now, the Relative Strength Index (RSI) is at 75.64; a level that reveals that Bitcoin is overbought. As such, it may point to at least a short-term correction or consolidation but it also points to a very bullish trend.
Can Bitcoin Price Compare to Gold Market Cap?
Bitcoin is still being discussed by investors and analysts as having the ability to reach the $16 trillion market cap of gold. Advocates say that bitcoin is more valuable than gold as it is scarce, can be sent anywhere in the world and is not controlled by any central authority.
The idea of having a strategic Bitcoin reserve, together with institutional buying pressure from firms like MicroStrategy, supports this story.
Saylor and Trump’s projections have raised the bar, and many in the crypto space have the belief that Bitcoin will someday be equal to gold. If this happens then Bitcoin will not only cement its position as the “digital gold” but will also redefine the global financial structures.
