Bitcoin Price Could Reach $2.2 Million, Predicts Jack Mallers, Igniting Institutional FOMO

Bitcoin’s capped supply and surging institutional demand is driving bullish bitcoin price predictions, with some analysts issuing forecasts for exponential gains. This past week, Jack Mallers—founder of Strike and 21 Capital—shared some very exciting news. He even increased his long-term Bitcoin price prediction to a jaw dropping $2.2 million per coin! The institutional fear of missing out is at a high. We are witnessing massive inflows into Bitcoin ETFs and increasingly more dormant Bitcoins awakening. MicroStrategy has been following an aggressive strategy to buy up Bitcoin. Analysts have begun looking at the potential market impact of 21 Capital breaking into the Bitcoin investment landscape.

Bitcoin's Scarcity and Growing Adoption

Bitcoin’s scarcity is one of the main reasons people believe in its value. Since the total supply of Bitcoin is capped at 21 million, Bitcoin creates a deflationary asset as adoption increases. In addition, the remaining supply continues to decrease with each Bitcoin that is mined, making it even more scarce.

Bitcoin is already nearing its maximum supply, due sometime around 2025. Combined with higher post-pandemic demand, this limited availability could push the price even higher. As the percentage of all Bitcoins that have been mined increases, the remaining supply grows smaller with time, making each Bitcoin worth even more.

21 Capital's Challenge to MicroStrategy

Jack Mallers, the 28-year-old founder of the Lightning payments app Strike, as you may have heard, has set up 21 Capital, a Bitcoin venture capital firm. 21 Capital was launched with a massive $3 billion capital base. This remarkable funding round was led by well known firms like Cantor Fitzgerald, SoftBank, Tether and Bitfinex.

Steven Lubka, Head of Swan Private Wealth, thinks 21 Capital can take down Michael Saylor’s MicroStrategy.

"Ironically, someone throwing the gauntlet at Microstrategy, 'we want to become the most successful company in Bitcoin, ' Only makes Microstrategy more valuable," - Steven Lubka

MicroStrategy, led by Michael Saylor, has been aggressively accumulating Bitcoin, with Saylor predicting a potential price of $50 million per token if his company secures 10% of the total supply.

"If I’m lucky enough to grind to 10% of the supply, Bitcoin’s going to be $50 million a coin," - Michael Saylor

Market Dynamics and Price Predictions

The current market dynamics serve as a strong indicator of burgeoning institutional demand for Bitcoin. More than $900 million in inflows into Bitcoin ETFs represented a fourth straight day of robust investor enthusiasm. The annual change in the movement of dormant Bitcoins experienced a 121% increase from Q1 2024 to Q1 2025. This 300% increase is an important indicator of increased market activity.

Max Keiser thinks we’re getting institutional FOMO in Bitcoin to a fever pitch.

"The inevitable and undeniable path for Bitcoin is to take out gold in the number one spot on the global asset leaderboard—and then to keep going. Eventually, Bitcoin will represent more than 10% of all capital on Earth," - Max Keiser

Jack Mallers’ $2.2 million Bitcoin price prediction assumes a Bitcoin market cap of $1,050 trillion. Geoff Kendrick, the Head of Digital Assets Research for Standard Chartered, has stuck to his bullish Bitcoin price prediction. His comments are just contributing to the overall bullish mood surrounding the market.

MicroStrategy's stock (MSTR) closed at $345.73 on April 23, reflecting investor confidence in the company's Bitcoin strategy.