Michael Saylor Predicts Bitcoin Will Hit $1 Million, Dismisses Fears of Another Crypto Winter

Bitcoin advocate and executive chairman of Strategy, Michael Saylor, has strongly rejected concerns that the crypto market is headed for another prolonged downturn. Speaking in a recent interview, Saylor confidently stated, “Crypto winter is behind us. If Bitcoin isn’t going to zero, it’s going to $1 million.”

Bitcoin Supply Squeeze Driving Price Upward

Saylor pointed to simple supply-demand economics as a key reason behind his bullish outlook. According to his analysis, Bitcoin miners are releasing around 450 BTC per day, which equates to approximately $50 million at current market prices (with Bitcoin trading around $109,859).

“If $50 million in daily demand enters the market, and the supply remains fixed, the price must rise,” Saylor explained. He added that institutional and corporate accumulation of Bitcoin is consuming the available supply faster than it's being created.

Strategy itself has been one of the largest institutional buyers of Bitcoin, holding over 582,000 BTC—valued at more than $63.8 billion. Saylor emphasized that “it only takes $50 million a day to spin the flywheel of the Bitcoin economy.”

Michael Saylor (right) speaking with Bloomberg on June 10. Source: Bloomberg

Bitcoin's Trajectory: $1M is the Target, Not the Ceiling

While Saylor is confident in Bitcoin reaching $500,000 to $1 million, he does acknowledge the possibility of volatility at those levels. “If Bitcoin hits $1 million, it might swing back by $200,000 or more. That’s part of the game,” he noted, referencing the asset’s known price swings.

Nonetheless, Saylor maintains that Bitcoin has matured past its most vulnerable phase, citing strengthened market infrastructure and broader adoption.

Political Support and Institutional Adoption Fueling Momentum

Saylor also highlighted growing political support in the United States as a major bullish catalyst. He referenced the pro-Bitcoin stance of former President Donald Trump, along with endorsements from top U.S. officials, including Treasury Secretary Scott Bessent and SEC Chair Paul Atkins.

In addition, major traditional financial institutions are gearing up to offer Bitcoin custody services, further integrating crypto into mainstream finance.

On the global stage, Saylor noted that nation-states are beginning to embrace Bitcoin. For instance, Pakistan’s crypto council recently revealed plans to create a strategic Bitcoin reserve, signaling growing international recognition of the asset’s long-term value.

Rising Institutional Investment and ETF Inflows

Another trend supporting Saylor’s bullish thesis is the continuous inflow of capital into Bitcoin exchange-traded funds (ETFs). Asset giants like BlackRock are leading the charge, acquiring substantial amounts of Bitcoin through their ETF offerings. These inflows reduce the circulating supply available to the public, exerting upward pressure on price.

Saylor stressed that the combination of limited supply, growing corporate treasuries, and political backing creates the “perfect storm” for Bitcoin to rise exponentially in the years ahead.

Strategy holds 582,000 Bitcoin at the time of publication: Source: Saylor Tracker

Outlook: Bitcoin’s Future Is Stronger Than Ever

Michael Saylor’s forecast may sound aggressive to some, but the evidence he presents—ranging from supply mechanics to geopolitical dynamics—paints a compelling picture of Bitcoin’s potential future.

With institutions buying daily, governments considering strategic reserves, and global supply shrinking post-halving, Bitcoin appears poised not only to maintain its current momentum but to aim for a seven-figure valuation.

While the market remains volatile, Saylor insists that the worst is behind us. “The accounting is fixed. Regulation is catching up. We’re entering the Bitcoin era—not leaving it,” he concluded.

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