Michael Saylor Predicts $1M Bitcoin, Dismisses Return of Crypto Winter
Michael Saylor Says Bitcoin Won’t See Another Crypto Winter
$1 Million in Sight: Bitcoin’s Growing Scarcity Is Driving the Forecast
Michael Saylor, executive chairman of MicroStrategy and one of Bitcoin’s most prominent advocates, is brushing off concerns that the cryptocurrency market is heading for another cold spell. In an interview with Bloomberg on June 10, he confidently stated, “Winter is not coming back… If Bitcoin’s not going to zero, it’s going to $1 million.”
This bold claim is backed by data. According to Saylor, only 450 Bitcoin are currently mined and available for sale each day. At the current trading price of $109,859, that’s about $50 million worth of BTC entering the market daily.
“If that $50 million is bought, then the price has got to move up,” he explained.
Michael Saylor (right) speaking with Bloomberg on June 10. Source: Bloomberg
Institutions Absorbing Entire Supply
Saylor says institutional demand is beginning to outpace the available supply. His own firm, MicroStrategy, has accumulated 582,000 BTC since 2020, now worth about $63.85 billion, based on Saylor Tracker data.
“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn.”
He emphasized that public companies, ETF issuers like BlackRock, and even nation-states are acquiring BTC at scale, effectively soaking up the daily float. Pakistan, for instance, announced plans to create a Strategic Bitcoin Reserve through its crypto council under Bilal Bin Saqib.
In addition to supply dynamics, Saylor pointed to shifting political sentiment in favor of crypto in the US. He noted that former President Donald Trump, US Treasury Secretary Scott Bessent, and SEC Chair Paul Atkins have all shown signs of embracing Bitcoin. He sees this as a critical turning point for mass institutional adoption.
“Bitcoin has gotten through its riskiest period; the accounting has been corrected.”
Despite Trump’s February tariff move, which many blamed for Bitcoin’s 40% drop from its January high, the broader direction remains clear to Saylor.
Saylor isn’t alone in this line of thinking. ARK Invest recently raised its Bitcoin price forecast from $1.5 million to $2.4 million by 2030 under its “bull case” scenario, reinforcing the belief that Bitcoin is entering a sustained phase of long-term growth.
Strategic Moves Ahead of the Curve
Other voices in the crypto community echo Saylor’s urgency. JAN3 founder Samson Mow warned that if the US doesn’t begin accumulating Bitcoin for its Strategic Bitcoin Reserve, created by Trump in March, it risks being overtaken by countries like Pakistan.
Strategy holds 582,000 Bitcoin at the time of publication: Source: Saylor Tracker
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