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Michael Saylor is calling $60,000 Bitcoin’s floor. The Strategy co-founder made the claim during a Thursday appearance on CNBC’s Squawk Box, saying the asset is now entering what he described as a “spring phase” — backed by solid support levels and a favorable broader market environment.
A Target Built On Bold Math
Saylor’s confidence ties back to a specific projection he has held for some time: a 30% average annual return for Bitcoin. That number forms the backbone of his prediction that Bitcoin will hit $13 million by 2045, a figure he arrived at by modeling a 29% yearly return sustained over roughly 19 years.
Among the forces he expects to drive that growth are institutional adoption, government-level treasury strategy, and Bitcoin’s fixed supply — factors he believes will pull capital away from gold and traditional financial markets.
$MSTR Co-Founder @saylor explains why he thinks $BTC will outperform the S&P 500 over time:https://t.co/REOnScJVPZ
— Squawk Box (@SquawkCNBC) May 21, 2026
The S&P 500, one of the most closely watched benchmarks in global finance, tracks 500 of the largest publicly traded companies in the US. It has delivered an average annual return of around 10%, making it a reliable standby for investors who want steady, long-term growth.
Saylor is betting Bitcoin can do triple that — a claim he repeated plainly on Squawk Box: “We expect 30%.”
Numbers Tell A Complicated Story
The current numbers don’t immediately support his case. As of the time of his interview, Bitcoin was down 12% for the year while the S&P 500 had gained 8%, according to Google Finance.
Saylor has long maintained that short-term swings don’t define Bitcoin’s trajectory, and he reiterated that position Thursday, pointing instead to what he sees as a building wave of regulatory and institutional support.
Among the specific developments he cited was the CLARITY Act, which cleared the US Senate Banking Committee last week with bipartisan support after months of delays.
He also pointed to upcoming innovation exemption guidelines from the US Securities and Exchange Commission aimed at allowing securities tokenization on crypto networks, calling it a potentially major development for the industry.
Looking Ahead To A Bigger Market Share
Saylor has made similar predictions before. Earlier this year, he said Bitcoin would double or triple the S&P 500’s returns over the next four to eight years.
His longer-range view sees Bitcoin eventually overtaking gold in total market value by 2035, pulling in fresh capital that was previously locked in conventional assets.
Featured image from Unsplash, chart from TradingView
