Bitcoin enthusiast and Strategy executive chairman Michael Saylor has once again voiced his optimistic outlook on the future of Bitcoin, predicting a dramatic surge in value despite the concerns surrounding a potential crypto winter. In an interview with Bloomberg, Saylor stated that market winters are no longer to be expected and that Bitcoin is poised for significant growth, projecting it could reach $1 million as adoption rises and supply tightens.
Saylor highlighted a key driver behind his bullish view: the limited daily Bitcoin supply versus surging institutional demand. According to him, only 450 BTC are introduced into the market each day by miners – a figure that public companies and ETF providers are rapidly accumulating, potentially resulting in upward price pressure. His firm, Strategy, has been a major player in Bitcoin accumulation, acquiring 582,000 BTC since 2020, now worth over $63 billion.
Saylor emphasized that the Bitcoin market has matured and stabilized. He explained, “At the current price level, it only takes $50 million to turn the entire crypto economy one turn.” Additionally, he points to growing political support for BTC in the U.S., citing President Trump’s favorable stance on crypto, Secretary of the Treasury Scott Bessent’s endorsement, and signals from traditional banks regarding Bitcoin custody services.
Despite recent volatility caused by Trump’s February tariffs, Saylor maintains that broad momentum remains strong.
Global developments such as Pakistan’s plan to establish a Bitcoin reserve further bolster his argument. With countries and institutions actively accumulating BTC, Saylor believes the next phase of adoption has already begun. He reiterated, “If it’s not going to zero, it’s going to $1 million.”