Michael Saylor Projects Bitcoin at $150,000 in 2025 as MicroStrategy Earns First S&P Rating

Overview

• Speaking at Money 20/20 in Las Vegas, Saylor forecast Bitcoin could reach $150,000 by year-end and potentially $1 million within four to eight years.
• He said MicroStrategy secured a B- rating from S&P, describing it as the first credit grade for a Bitcoin-focused treasury company.
• MicroStrategy introduced four digital credit instruments—Strike, Strife, Stride and Stretch—targeting roughly 8%–12.5% yields with dividends structured as a tax-free return of capital, according to the company.
• Research firm 10X estimated a 70% chance MicroStrategy could enter the S&P 500 before year-end, while Thursday’s Q3 report is expected to reflect a sizable fair-value gain from Bitcoin holdings.
• Saylor argued that U.S. banks are beginning to make Bitcoin-collateralized loans and that a friendlier policy climate, including support for tokenization and stablecoins, is drawing more institutions.