- Saylor predicts Bitcoin’s price will surge, driven by limited supply and rising demand.
- Regulatory shifts and institutional adoption mark a new bullish era for Bitcoin.
Despite rising concerns over a potential downturn in the crypto market, Michael Saylor, Executive Chairman of MicroStrategy, remains unfazed.
Brushing off talks of an impending crypto winter, Saylor has reaffirmed his confidence in Bitcoin [BTC]’s long-term prospects.
In a recent appearance on Bloomberg, Saylor stated,
“Winter is not coming back. We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”
This comes at a time when Bitcoin’s supply dynamics are shifting and institutional interest is on the rise.
Highlighting the scarcity factor, Saylor noted that only about 450 BTC enter the market daily through miners, an amount valued at nearly $50 million based on current prices.
He further added,
“If that $50 million is bought, then the price has got to move up.”
Companies into Bitcoin
Saylor emphasized that public companies are increasingly absorbing the full daily supply of newly mined Bitcoin, leaving little room for broader market availability.
He also pointed out that 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, as per Saylor Tracker.
“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn.”
As expected, Saylor attributes this growing optimism largely to favorable shifts in U.S. regulatory policy.
How is leadership changing the way people think about Bitcoin?
He points to a changing tide in leadership, with pro-crypto figures like new SEC Chair Paul Atkins and the incoming CFTC head aligning with the White House’s growing support for digital assets.
Adding to this momentum, major financial institutions are beginning to roll out Bitcoin custody solutions for clients, a sign of deepening market maturity.
According to Saylor, Bitcoin has already weathered its toughest phase under strict regulatory scrutiny.
Now, with lawmakers in Washington pushing forward new legislation—including a proposal to create a Strategic Bitcoin Reserve—the case for Bitcoin’s continued rise appears even stronger.
Alongside rising institutional interest, Saylor revealed that Bitcoin treasury-focused firms are snapping up a substantial share of the limited BTC supply.
Bitcoin ETF is another slab
Additionally, he also 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, all within just 341 trading days.
He put it best when he said,
“If Bitcoin rallies to $500K or $1 million, then maybe we can talk about it crashing down by $200,000 a coin.”
Supporting the broader bullish sentiment, data from IntoTheBlock shows that an overwhelming 97.59% of Bitcoin holders are currently in profit, with their holdings valued above their initial purchase price.
Interestingly, no significant percentage of holders were found to be “out of the money,” reinforcing the market’s strong upward momentum.
Adding to the optimism, Saylor also 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.
What’s ahead?
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.
He believes that the combination of regulatory support, corporate buying, and sovereign interest signals a new, more mature era for Bitcoin.
In this phase, the idea of another prolonged “crypto winter” may soon become a thing of the past.
