Michael Saylor Predicts Bitcoin to Reach $1 Million as Institutional Interest Surges

Michael Saylor, the Executive Chairman of MicroStrategy, has recently sparked optimism in the Bitcoin market with his bullish predictions and strategic insights. On June 10, 2025, Saylor suggested that Apple should consider buying Bitcoin, a move that could significantly impact the market. His tweet, shared around 2:30 PM UTC, ignited considerable interest and discussion among investors and analysts.

Saylor's supply shock theory highlights a critical market dynamic: only 450 Bitcoin become available daily through mining, valued at approximately $50 million at the current price. This limited supply, coupled with increasing institutional interest, creates a scenario where even modest buying pressure can drive prices sharply higher. Saylor believes that the current phase of the market has moved beyond the crypto winter, predicting that Bitcoin could reach $1 million due to institutional accumulation.

MicroStrategy, under Saylor's leadership, has been a prominent player in the Bitcoin market, accumulating 582,000 BTC since 2020. This holding is valued at approximately $63.85 billion, according to Saylor Tracker. Saylor's comments come at a time when the Bitcoin supply is tightening, and institutional interest is on the rise. He noted that public companies are now absorbing the entire natural supply of Bitcoin, which amounts to roughly $50 million daily. This absorption creates a significant buying pressure that can drive prices higher.

Saylor's optimism is further bolstered by broader market signals, including traditional financial institutions preparing Bitcoin custody services and political support from key figures. He cited President Donald Trump’s backing of Bitcoin, as well as support from Treasury Secretary Scott Bessent and SEC Chair Paul Atkins. These endorsements, along with the increasing number of public companies holding Bitcoin, indicate a growing acceptance and integration of Bitcoin into mainstream finance.

Saylor acknowledged potential volatility at higher price levels, stating that if Bitcoin rises to $500,000 or $1 million, it would be realistic to expect it to "crash down by about $200,000 a coin." However, he remains confident in the long-term prospects of Bitcoin, dismissing any return of a crypto winter. His remarks come as other major players revise their own projections upward. In April, ARK Invest raised its “bull case” price target for Bitcoin from $1.5 million to $2.4 million by the end of 2030.

ETF providers such as BlackRock continue to purchase Bitcoin on a daily basis, and some governments are stepping in as well. On May 28, Pakistan’s crypto council head Bilal Bin Saqib announced plans to establish a strategic Bitcoin reserve. The number of public companies holding Bitcoin continues to grow, with recent additions including GameStop and Swedish health tech company H100. MicroStrategy remains the largest corporate Bitcoin holder, with 580,250 BTC worth approximately $60.9 billion. Other major holders include Marathon Digital Holdings and Tesla, both with over $1 billion in Bitcoin.

Saylor's vision for Bitcoin as a global financial standard is met with both enthusiasm and skepticism. While some experts argue that scalability, volatility, and regulatory challenges hinder this goal, Saylor remains steadfast in his belief. He emphasized that phishing, not quantum computing, poses the greatest risk to Bitcoin users at present. Speaking to Bloomberg, Saylor dismissed the notion that quantum computing poses an immediate threat to Bitcoin, focusing instead on the current market dynamics and institutional interest.

In summary, Michael Saylor's recent tweets and comments have sparked optimism in the Bitcoin market. His supply shock theory, coupled with increasing institutional interest and political support, creates a scenario where Bitcoin prices could reach new heights. While potential volatility remains a concern, Saylor's bullish outlook and strategic insights continue to influence the market, driving further interest and investment in Bitcoin.