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Bitcoin has extended its recovery above $66,000, as Strategy Executive Chairman Michael Saylor reiterated a long-term forecast that the cryptocurrency could rise from roughly $70,000 to as much as $7 million per coin.
Speaking during a keynote at BTC Prague 2026, Saylor said Bitcoin remains in the early stages of absorbing global capital despite gains over the past decade. He argued that Bitcoin’s potential is tied to the gap between its current market value and the wealth held across traditional financial markets.
Saylor’s remarks included a projection that Bitcoin’s network value could eventually reach $100 trillion, describing a path from $70,000 to $700,000 and then to $7 million per coin.
Saylor’s comments came as market sentiment improved. Bitcoin climbed more than 11% from its early-June low after a U.S.-Iran peace agreement reduced concerns over energy supply disruptions, inflation pressures, and escalating geopolitical tensions.
On-chain analytics firm Santiment said the shift encouraged investors to rotate back into risk assets, helping lift Bitcoin above $66,600 and pushing total crypto market capitalization beyond $2.36 trillion.
Saylor said Bitcoin’s growth depends on how much of global wealth eventually enters the ecosystem. He estimated that Bitcoin accounts for about $1 trillion of an estimated $1,000 trillion in global capital, leaving most wealth outside the network.
He added that roughly 99.9% of economic wealth has yet to enter Bitcoin.
Saylor also pointed to institutional capital as a key bottleneck. He said banks, advisory firms, wealth advisors, and related institutions control $156 trillion, and argued that restrictions limit how much of that capital can gain Bitcoin exposure.
“If the bank can’t buy anything related to Bitcoin, there’s $200 trillion we’re never going to get,” he said.
Beyond direct ownership, Saylor emphasized the growth of digital financial products tied to Bitcoin. He said instruments built around digital credit and digital money are creating new ways for investors to gain exposure using structures that resemble traditional financial products.
“Digital credit and digital money are actually killer apps that are strengthening the Bitcoin network right now,” Saylor said.
He also referenced plans by Japanese investment firm Metaplanet to develop Bitcoin-backed yield products.
Saylor highlighted Strategy’s offerings as well. He described the company’s STRC security as a short-duration, high-yield fixed-income product designed for U.S. investors seeking Bitcoin-related exposure without directly holding the asset.
For investors willing to accept more volatility, Saylor characterized Strategy’s stock as an amplified version of Bitcoin, designed to be more sensitive to movements in the cryptocurrency’s price.
The remarks followed Strategy’s disclosure of another Bitcoin purchase worth approximately $100 million, which extended the company’s position as the largest corporate holder of the cryptocurrency.
Strategy also added another $100 million in Bitcoin as Saylor pointed to rising institutional adoption and new Bitcoin-linked financial products.
Coinbase has launched a High Yield USDC vault within its in-app DeFi lending offering, adding a second lending option that provides exposure to a wider range of collateral assets. The product is powered by Morpho infrastructure and uses vault allocations curated by Steakhouse Financial.
