Bitcoin Price Could Hit $2.2M as Institutional FOMO Intensifies

Max Keiser, a prominent Bitcoin advocate, has predicted that the price of Bitcoin could reach $2.2 million per coin. Keiser's prediction is based on the growing institutional interest in Bitcoin and the competition between two major players in the crypto space: 21 Capital, founded by jack Mallers, and microstrategy, led by Michael Saylor. Keiser believes that the institutional FOMO (fear of missing out) in Bitcoin is reaching a fever pitch, which could drive the price of Bitcoin to unprecedented levels.

Michael Saylor, the executive chair of MicroStrategy, has expressed even more optimism for Bitcoin. Saylor suggests that if his company secures 10% of the total Bitcoin supply, the price of Bitcoin could hit $50 million per coin. This implies a market cap of $1,050 trillion for Bitcoin, which is ten times higher than the 2023 global GDP of $100 trillion. MicroStrategy is the world's largest corporate holder of Bitcoin, and Saylor continues to steer the company's aggressive Bitcoin purchases.

The rivalry between Mallers' 21 Capital and Saylor's MicroStrategy could accelerate Bitcoin's supply squeeze, potentially driving prices to parabolic levels. 21 Capital is a Bitcoin investment firm created after Cantor Fitzgerald, SoftBank, Tether, and Bitfinex pooled $3 billion in capital. Mallers, the co-founder and CEO of 21 Capital, brings experience furthering Bitcoin's adoption at the institutional, corporate, and government levels. He founded the Lightning payments app Strike.

Steven Lubka, the Head of Swan Private Wealth, says 21 Capital could challenge MicroStrategy. Mallers is introducing BTC-native metrics like Bitcoin Per Share (BPS), effectively challenging MicroStrategy’s model, where investors have indirect exposure to Bitcoin through MSTR stock. Lubka believes that the competition could still pan out as a net positive for MicroStrategy, making it more valuable. Others see 21 Capital as a validation of MicroStrategy’s Bitcoin-focused treasury strategy, leaving them incrementally more bullish.

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 some analysts reiterated their target for Bitcoin price, highlighting the potential for significant price increases in the future.