Bitcoin’s price has taken a steep fall over the last two months. It dropped from its all-time high of $126,000 to around $85,000 today. The Crypto Fear and Greed Index is now showing “extreme fear,” which means overall market sentiment is very low.
Still, long-time Bitcoin supporters are not losing confidence. Michael Saylor, the founder and executive chairman of MicroStrategy, says this drop is only temporary. He believes that in the long run, Bitcoin could reach $21 million over the next 21 years. According to the report, that would mean a possible gain of more than 24,000% for anyone who buys and holds.
Can Bitcoin price in USD grow at a 30% annual rate
When you first hear that Bitcoin might reach 21,000,000 dollars one day, it sounds almost impossible. It feels like a crazy number. But Michael Saylor is not guessing. He is using a simple idea. He believes that Bitcoin can continue to grow steadily over the next 20 years. He predicts a growth rate of around 30% each year. This sounds huge, but for Bitcoin, it is actually slower than it has been in the past.
Between 2017 and 2025, Bitcoin’s value grew at almost 50% per year on average. Many popular predictions about Bitcoin reaching 1,000,000 dollars by 2030 are also based on this same 50% growth. So when Saylor talks about 30%, he is being more cautious. He envisions a future where Bitcoin continues to grow steadily, becoming an increasingly significant part of the financial system.
Past performance doesn’t guarantee the future. But it does help explain why long-term supporters are confident. Bitcoin has been the top-performing asset in 8 out of the last 10 years. In many of those years, it delivered triple-digit returns. This history provides people with reason to believe strong growth can continue.
Saylor also believes that big institutions will shape Bitcoin’s future. More banks and companies are adding Bitcoin to their portfolios. More financial products are being created around it. Governments are gradually passing more supportive laws. One clear example is spot Bitcoin ETFs. These funds made it very easy for people to invest. In their first year, they brought in over 100,000,000,000 dollars.
But large institutional money also brings risks. Big money encourages riskier trading, including the use of borrowed funds to make bigger bets. This can cause sudden spikes and crashes. One fast crash could wipe out billions in seconds.
Another factor is the rise of Bitcoin Treasury Companies copying Saylor’s strategy. These companies borrow money to buy and hold Bitcoin. MicroStrategy claims it can survive an 80% to 90% crash. But smaller companies may not survive such a fall. If they are forced to sell in a down market, it could trigger even bigger price drops.
