MicroStrategy CEO: Bitcoin Will Average 21% Annual Growth Over the Next 21 Years

MicroStrategy CEO Phong Le discussed the potential performance of Bitcoin in the coming years during an interview with What Bitcoin Did on November 28, 2025, citing Michael Saylor's model—an average annual increase of 21% over the next 21 years—as a reasonable long-term expectation. He pointed out that as long as Bitcoin's long-term gains exceed the S&P 500's annualized 14%–15%, investors will benefit regardless of whether the annualized performance is 30%, 20%, or even 18%. Looking ahead to the next 4 to 5 years, he still believes Bitcoin could maintain an annualized return of 40%–50%, emphasizing that this growth logic stems from Bitcoin's fundamentals: non-sovereign, technologically advanced, limited supply, and possessing a global store of value attribute.

Source: What Bitcoin Did