Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), confidently told Bloomberg this Tuesday there’s no coming “crypto winter”—he believes Bitcoin is now beyond the point of collapse. “If Bitcoin’s not going to zero, it’s going to $1 million,” he declared, citing robust on‑chain fundamentals and growing institutional interest.
Saylor highlighted that miners are offering around 450 BTC for sale daily—roughly $50 million at current prices—while institutional demand, from entities like BlackRock and Bitcoin‑linked ETFs, consistently absorbs that supply. In his view, this imbalance means prices “have got to move up”.
Source: Bloomberg
He also points to political endorsement as a key factor. Former President Trump, alongside figures like Treasury official Scott Bessent and SEC chair Paul Atkins, has signified support for Bitcoin, marking, in Saylor’s words, a transition past its most perilous phase. Traditional banks, too, are preparing custody infrastructure that he believes further legitimizes the space.
Saylor retains a sober perspective: as Bitcoin rises to $ 500,000 or $1 million, volatility will persist. He warned that such increases could result in corrections of around $200,000 per coin.
In support of his claim, ARK Invest has raised its Bitcoin bull case to $2.4 million by 2030. Strategy controls about 582,000 BTC, valued at nearly $64 billion, providing Saylor with valuable insights into market supply dynamics.
In Saylor’s view, the convergence of shrinking sell pressure, institutional buildup, political validation, and corporate adoption signals a new era for Bitcoin—one where major price declines are no longer a default narrative, and the $1‑million milestone is not fantasy, but a possibility.
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