MicroStrategy's Michael Saylor now predicts that Bitcoin is headed straight towards $1 million
Saylor believes Bitcoin is insulated from bear cycles by institutional buying, regulatory clarity, geopolitical momentum and other factors.
Bitcoin's limited daily supply of 450 BTC ($50 million) has created a "mechanical engine" for price appreciation due to demand.
Institutional demand, especially from Bitcoin ETFs, is actively absorbing Bitcoin's circulating supply.
The political support for Bitcoin, including from Donald Trump and other officials, shows that Bitcoin is becoming more and more accepted in several spheres.
Michael Saylor, the co-founder and executive chairman of MicroStrategy, has once again delivered a bullish prediction for Bitcoin.
So far, Saylor claims that the flagship cryptocurrency is on a clear path towards $1 million.
What’s more, Saylor also dismissed the notion of another crypto winter. He insists that Bitcoin’s rising adoption, limited supply and increasing institutional interest have already placed it on an irreversible upward path.
Are market winters now a thing of the past?
Market phases like the 2022 bear market have been some of the most devastating periods in crypto market history.
Historically, the crypto market tends to reverse downwards as soon as bull markets reach their peak, leading to a widespread price crash.
In the last bear market, Bitcoin crashed from a high of around $69,900 to as low as $15,500 within a few months, before a recovery happened.
According to a recent interview with Bloomberg, Saylor confidently declared, “Winter is not coming back. We’re past that phase. If Bitcoin’s not going to zero, it’s going to $1 million.”
His position on the matter shows that the Strategy CEO is deeply convinced that the worst of the crypto market’s volatility is past.
This optimism is grounded in several structural changes across the crypto industry, and Saylor believes that the crypto environment today, is very different from what it was during previous downturns.
According to him, the market is now being supported by factors like institutional buying, public company adoption, regulatory clarity, and geopolitical momentum.
This said, all of these factors will be important for insulating Bitcoin from long bearish cycles.
Another interesting factor raised by Saylor at the interview is related to Bitcoin’s supply dynamics.
He pointed out that Bitcoin miners produce only around 450 BTC per day, which at current prices, is worth around $50 million.
“If that $50 million is bought, then the price has got to move up,” he said.
This supply cap, combined with increasing demand, creates what he calls “a mechanical engine” for price appreciation.
MicroStrategy alone holds over 582,000 BTC, which is more than 2.7% of Bitcoin’s total future supply.
MicroStrategy’s Bitcoin holdings| Source: Saylor Tracker
“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn,” Saylor explained.
By this, he was referring to how relatively little money can cause major upward price movement.
Beyond MicroStrategy, more institutions are entering the market and actively accumulating Bitcoin.
Saylor pointed out that public companies are “buying the entire natural supply.” Bitcoin ETFs, which now include offerings from BlackRock, Fidelity, and others, now purchase BTC on a daily basis and further reduce its circulating supply.
These financial products make it easier for everyday investors and institutions to gain exposure to Bitcoin without having to directly buy or store the asset themselves.
As a result, buying pressure has increased and is helping to push prices higher.
Saylor also pointed out the role of U.S. politics in Bitcoin’s future. He pointed to President Donald Trump’s recent support for crypto and Bitcoin and called it a turning point.
Since assuming office, Trump has even proposed the creation of a Strategic Bitcoin Reserve, which is an idea that several more countries like Pakistan are seriously considering.
“You have all the evidence you need to determine that,” Saylor said, about the strong support Bitcoin is receiving from political leaders and regulators.
Notably, U.S. Treasury Secretary Scott Bessent and former SEC chair Paul Atkins are among the figures who have shown support for Bitcoin.
More Trad-fi banks are also stepping into the space by offering Bitcoin custody services, which is a development that was unthinkable during previous market cycles.
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