Michael Saylor, founder of MicroStrategy, predicts a future Bitcoin price reaching $1 million. This prediction is based on rising institutional investment, favorable U.S. regulatory changes, and the growing influence of Bitcoin ETFs. He outlines these factors in detail. The latest data shows that institutions are absorbing most of the 450 BTC available daily from organic sellers, leading to a reduction in circulating supply. He also points out significant shifts within the U.S. regulatory landscape, citing support for digital assets from recent SEC and CFTC appointments. The increase in Bitcoin ETFs, such as BlackRock’s IBIT, is another contributing factor, with their holdings surpassing $70 billion. These actions are further tightening Bitcoin’s supply through reduced availability.