Michael Saylor, the co-founder and chairman of Strategy, has expressed confidence in Bitcoin’s long-term trajectory, rejecting concerns of a return to a crypto market downturn.
“Winter is not coming back,” Saylor told Bloomberg during an interview on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”
His remarks align with increasingly bullish outlooks among institutional players. Notably, ARK Invest raised its bullish price prediction for Bitcoin from $1.5 million to $2.4 million by 2030.
Daily Supply Constraints Driving Price Up
According to Saylor, the limited supply of Bitcoin available daily plays a significant role in the asset’s price dynamics. He pointed out that only around 450 BTC—worth about $50 million at current prices—are put up for sale each day by miners.
“If that $50 million is bought, then the price has got to move up,” he stated.
He emphasized that public companies, including his own, are increasingly acquiring all of this available supply. Strategy, his firm, has accumulated 582,000 BTC since 2020—valued at roughly $63.85 billion—based on data from 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.
Price Volatility at Higher Levels Still Possible
While confident in Bitcoin’s future, Saylor acknowledged the potential for volatility at higher price points.
He noted that if Bitcoin were to reach $500,000 or even $1 million, a sharp correction of around $200,000 per coin could occur.
Still, he maintained that such swings wouldn’t undermine the overall upward trend.
Support from U.S. Political Leadership and Institutions
Saylor pointed to rising institutional interest and political support as key factors behind his conviction.
“You have all the evidence you need to determine that,” he said.
He reiterated that President Donald Trump’s pro-Bitcoin stance is supported by influential figures such as Treasury Secretary Scott Bessent and SEC Chair Paul Atkins.
Furthermore, Saylor highlighted that major financial institutions are preparing to offer Bitcoin custody services, signaling growing mainstream integration.
“Bitcoin has gotten through its riskiest period; the accounting has been corrected,” he added.
Broader Global Interest and ETF Inflows
Saylor also pointed to steady inflows from Bitcoin ETF providers like BlackRock and growing participation from sovereign nations.
On May 28, Bilal Bin Saqib, head of Pakistan’s crypto council, confirmed the country is working on building a strategic Bitcoin reserve.
This trend among nation-states could have significant implications for supply dynamics and institutional adoption.
Samson Mow, founder of JAN3, recently warned that the U.S. may be outpaced by countries like Pakistan if it does not actively acquire Bitcoin for its own Strategic Bitcoin Reserve, launched by Trump in March.