Bitcoin's Price to Surge to $1 Million Says MicroStrategy's Saylor

Michael Saylor, Executive Chairman of MicroStrategy, has dismissed concerns about an impending crypto winter, expressing unwavering confidence in Bitcoin's long-term prospects. In a recent appearance, Saylor stated that Bitcoin is past the phase of potential downturns and is poised for significant growth, predicting that its price could surge to $1 million.

Saylor's optimism is grounded in the shifting supply dynamics of Bitcoin. He noted that only about 450 BTC enter the market daily through miners, an amount valued at nearly $50 million based on current prices. If this daily supply is absorbed by the market, the price of Bitcoin is likely to increase. Saylor emphasized that public companies are increasingly absorbing the full daily supply of newly mined Bitcoin, leaving little room for broader market availability. MicroStrategy alone has amassed an impressive 582,000 BTC since initiating its buying strategy in 2020, an investment now valued at nearly $63.85 billion.

Saylor attributes the growing optimism largely to favorable shifts in U.S. regulatory policy. He points to a changing tide in leadership, with pro-crypto figures aligning with the White House’s growing support for digital assets. Major financial institutions are beginning to roll out Bitcoin custody solutions for clients, a sign of deepening market maturity. Saylor believes that Bitcoin has already weathered its toughest phase under strict regulatory scrutiny and that new legislation, including a proposal to create a Strategic Bitcoin Reserve, further strengthens the case for Bitcoin’s continued rise.

Alongside rising institutional interest, Saylor revealed that Bitcoin treasury-focused firms are snapping up a substantial share of the limited BTC supply. Additionally, he underscored the growing influence of Bitcoin ETFs, highlighting that BlackRock’s IBIT fund has already amassed nearly 700,000 BTC and surpassed $70 billion in assets within just 341 trading days. Saylor downplayed any immediate threats from emerging technologies, stating that quantum computing won’t pose a risk to Bitcoin for at least another 10 to 20 years.

In closing, Saylor firmly asserted that the era of prolonged Bitcoin downturns is behind us. With institutional giants, public companies, and even governments actively entering the space, he believes the market has entered an “up-only” trajectory. The combination of regulatory support, corporate buying, and sovereign interest signals a new, more mature era for Bitcoin, where the idea of another prolonged “crypto winter” may soon become a thing of the past.