Bitcoin at $21 million would require every major economy to treat it like gold

For Bitcoin to reach $21 million per coin, the United States, China, Europe, and Japan must recognize it as a legitimate long-term capital asset. That threshold — not sentiment, not adoption curves, but explicit recognition by the world’s largest economies — is the foundation of Michael Saylor’s projection. At that price, Bitcoin would carry a global market capitalization of $400 trillion, surpassing the value of all publicly traded stocks today. Saylor, in a recent interview with Bankless, said Bitcoin is currently oversold and expects the price to be higher by year-end. He remains bullish in both the short and long term, though he acknowledges that short-term movements over 12 to 24 weeks are beyond reliable prediction. Bitcoin, he said, always finds a way to embarrass everyone. But the path to $21 million per coin does not depend on traders. It depends on sovereign acceptance. Nothing so far has shaken his conviction that it will get there.