Max Keiser and Michael Saylor Discuss Potential Bitcoin Prices of $2.2 Million and $50 Million Amid Institutional Rivalry

• Max Keiser predicts Bitcoin could reach $2.2 million per coin, citing institutional FOMO and competition between 21 Capital and MicroStrategy.

• Michael Saylor of Strategy suggests Bitcoin could hit $50 million if his company secures 10% of the total supply, prompting discussions on Bitcoin’s future market dominance.

• The rivalry between Mallers’ 21 Capital and Saylor’s Strategy could accelerate Bitcoin’s supply squeeze, potentially driving prices to parabolic levels.

Discover how Bitcoin’s potential price surge to $2.2 million or $50 million per coin could reshape the crypto landscape as institutional interest grows.

Would You Buy Bitcoin at $2.2 Million or $50 Million Per Coin?

The Bitcoin price continues to trade with a bullish bias despite a minor correction to test the support level at $91,575.

A recent COINOTAG analysis indicated that if this support level holds, the king of crypto could target the $100,000 psychological level after overcoming resistance at $94,000.

Bitcoin (BTC) Price Performance. Source: TradingView

Meanwhile, the Strategy executive chair has expressed even more optimism for the largest crypto by market cap metrics. Michael Saylor says Bitcoin could reach $50 million per token if his company secures 10% of the total supply (21 million coins).

“If I’m lucky enough to grind to 10% of the supply, Bitcoin’s going to be $50 million a coin,” Swan reported, citing Saylor.

This implies a market cap of $1,050 trillion for Bitcoin. For perspective, it means a valuation ten times higher than the 2023 global GDP of $100 trillion.

Notably, Strategy, formerly MicroStrategy, is the world’s largest corporate holder of Bitcoin. Michael Saylor continues to steward the company’s aggressive Bitcoin purchases.

Based on this, COINOTAG contacted Bitcoin pioneer Max Keiser, who was pivotal in El Salvador’s adoption of Bitcoin. The BTC advocate has upped his long-term Bitcoin price forecast to $2.2 million per coin.

Keiser cited a brewing showdown between Jack Mallers’ newly formed 21 Capital and Michael Saylor’s Strategy. According to Keiser, institutional FOMO in Bitcoin is reaching a fever pitch.

“The inevitable and undeniable path for Bitcoin is to take out gold in the number one spot on the global asset leaderboard—and then to keep going. Eventually, Bitcoin will represent more than 10% of all capital on Earth,” Keiser told COINOTAG.

Referencing the rise of 21 Capital, Keiser explained that Mallers and Saylor’s firms are throwing the USD under the bus. While he acknowledged that Saylor’s prediction is a bit over the bar, he noted that Bitcoin at $2.2 million could be a reality.

Notably, 21 Capital is a Bitcoin investment firm created after Cantor Fitzgerald, SoftBank, Tether, and Bitfinex pooled $3 billion in capital.

Mallers–Saylor Rivalry to Accelerate Bitcoin Supply Squeeze

Jack Mallers comes in as co-founder and CEO. He brings experience furthering Bitcoin’s adoption at the institutional, corporate, and government levels. Mallers founded the Lightning payments app Strike.

Steven Lubka, the Head of Swan Private Wealth, says 21 Capital could challenge Saylor’s MicroStrategy. Mallers is introducing BTC-native metrics like Bitcoin Per Share (BPS), effectively challenging Strategy’s model, where investors have indirect exposure to Bitcoin through MSTR stock.

Notwithstanding, Lubka says the inadvertent competition could still pan out as a net positive for Strategy.

“Ironically, someone throwing the gauntlet at Microstrategy, ‘we want to become the most successful company in Bitcoin,’ only makes Microstrategy more valuable,” Lubka remarked.

Others like TD Cowen analysts see 21 Capital as “the most meaningful validation to date” of MicroStrategy’s Bitcoin-focused treasury strategy.

“This is a turning point in institutional sentiment around MSTR shares. It leaves us incrementally more bullish,” VanEck head of digital asset research Mathew Sigel quoted them.

As these institutional giants look to rival each other by stacking Bitcoin and launching native BTC investment vehicles, market liquidity is drying up. The Mallers–Saylor rivalry could accelerate a supply squeeze, pushing the price of Bitcoin into parabolic territory.

This explains why Geoff Kendrick, Standard Chartered’s Head of Digital Assets Research, reiterated his target for Bitcoin price as highlighted in a recent US Crypto News publication.

Charts of the Day

The graph shows Bitcoin’s total circulation (blue line) and market price (black line) over the past year.

While the number of circulating Bitcoins increases steadily, the market price fluctuates, experiencing a surge toward the end of the period, reflecting heightened demand and volatility.

This graph illustrates the total Bitcoin supply (orange line), the percentage of Bitcoin left to mine (blue line), and the percentage of Bitcoin already mined (green line).

As Bitcoin approaches its total supply cap of 21 million, the percentage of mined coins increases, while the remaining supply decreases over time.

It highlights the diminishing rate of new Bitcoin issuance as more is mined, with a clear trend toward nearing full supply by around 2025.

Byte-Sized Alpha

• According to an on-chain analyst, the movement of dormant Bitcoins increased by 121% in Q1 2025 compared to Q1 2024.
• Canary Capital registers a statutory trust in Delaware for a staked Sei (SEI) ETF, signaling progress toward product launch.
• KiloEx plans to compensate victims of the $7 million hack and resume operations.
• Charles Hoskinson claims Cardano’s original roadmap was completed in 2020, despite ongoing scaling challenges with Hydra and Leios.
• Bitcoin’s divergence from the US Dollar and NASDAQ signals a renewed role as a safe-haven asset amid global market shifts.
• ZKsync hacker returns 90% of stolen funds, approximately $5.7 million, after agreeing to a 10% bounty offer from the ZKsync Security Council.
• On Wednesday, over $900 million in inflows into Bitcoin ETFs marked a fourth consecutive day of strong investor interest.
• Kraken listing BNB marks a strategic shift in US crypto exchanges, potentially signaling broader token adoption.

Crypto Equities Pre-Market Overview

Company	At the Close of April 23	Pre-Market Overview
Strategy (MSTR)	$345.73	$343.23 (-0.72%)
Coinbase Global (COIN)	$194.80	$193.06 (-0.89%)
Galaxy Digital Holdings (GLXY.TO)	$18.73	$19.25 (+2.86%)
MARA Holdings (MARA)	$14.13	$13.94 (-1.34%)
Riot Platforms (RIOT)	$7.50	$7.43 (-1.07%)
Core Scientific (CORZ)	$7.12	$7.19 (+0.98%)

Crypto equities market open race: Finance.Yahoo

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