Bitcoin Price to Surge as Institutional Demand Tightens Supply

Michael Saylor, Executive Chairman of Strategy, has dismissed speculation that a new crypto winter is on the horizon, reaffirming his bullish outlook on Bitcoin. Speaking to Bloomberg, Saylor stated that "Winter is not coming back. We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million." His comments come at a time when the Bitcoin supply is tightening and institutional interest is increasing.

Saylor highlighted that only 450 BTC are mined daily, which amounts to roughly $50 million at the current price. He warned that if this $50 million is bought, the price of Bitcoin will inevitably rise. He noted that public companies are now absorbing "the entire natural supply" of Bitcoin, which could drive prices sharply higher.

Strategy, which began accumulating Bitcoin in 2020, now holds 582,000 BTC, worth approximately $63.85 billion. Saylor emphasized that at the current price level, it only takes $50 million to significantly impact the entire crypto economy. He also pointed to broader market signals, such as traditional financial institutions preparing Bitcoin custody services and political support from key figures in Washington, as validation for his aggressive forecast.

Saylor cited support from President Donald Trump, as well as Treasury Secretary Scott Bessent and SEC Chair Paul Atkins, indicating that Bitcoin has navigated through its riskiest period. He 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 "crashing down by about $200,000 a coin."

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. Meanwhile, 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. According to data from BitcoinTreasuries.NET, 116 public firms have now added Bitcoin to their balance sheets. Recent additions include 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 bullish stance on Bitcoin is supported by the increasing institutional interest and the tightening supply of the cryptocurrency. His forecast of a $1 million Bitcoin price is based on the current market dynamics and the growing acceptance of Bitcoin by traditional financial institutions and governments. The accumulation of Bitcoin by public companies and ETF providers further validates his optimistic outlook, suggesting that the cryptocurrency is poised for significant growth in the coming years.