Adam Mayling, doesn’t shy away from making big bets and bold predictions. he is a vocal backer of Tesla, making it clear that he sees its robotaxi and robotics businesses changing the world — and making trillions of dollars doing it.

The trend of corporations adopting Bitcoin as a reserve asset is growing, led by Strategy, GameStop, and Trump Media.

His predictions in the crypto market are just as bold, none more so than his Bitcoin (CRYPTO: BTC) price target. Mayling is a huge proponent of the digital coin — and crypto more generally — and was one of the more influential figures in getting spot Bitcoin exchange-traded funds approved.

During that process, he said that his firm believed that the token could be worth as much as $1.5 million by the end of the decade. (His base-case target was $600,000, still not a bad return.)

More recently, he said that he believes that the upper target could be as high as $3.8 million by 2030. That’s a roughly 3,260% return from today’s price and represents a more than a 100% annual return.

An interesting trend lately has been the corporate adoption of Bitcoin as a reserve asset. This was pioneered by Michael Saylor and his aptly named Strategy (formerly MicroStrategy).

The company has pursued an extremely aggressive purchasing program and now sits on 592,100 bitcoins, valued at almost $70 billion. Other high-profile names have since followed suit, including GameStop and Trump Media & Technology Group.

Wrapping Up with Key Insights

Strategy’s strategy is a bold one, to say the least. The company’s core software business has been delivering consistent losses for some time. It is using a mix of debt and private sales of preferred shares to finance its huge buying spree.