Michael Saylor, founder of Strategy, says Bitcoin is headed for $1 million, and there’s no chance it’s going to zero. In an interview with Bloomberg, Saylor dismissed fears of a crash and claimed the “crypto winter” is over for good.
“Winter is not coming back,” he said. “We’re past that phase. If Bitcoin’s not going to zero, it’s going to $1 million.” Saylor believes a mix of factors is fueling Bitcoin’s unstoppable rise.
Top of the list? A new, pro-crypto stance in Washington. He pointed to SEC Chair Paul Atkins and the next CFTC head, both known for supporting crypto. The White House is also warming up to Bitcoin, with Congress now pushing bills to support a Strategic Bitcoin Reserve.
Institutions are also making moves. Strategy itself bought 1,045 BTC this week for $110 million. Companies like GameStop and Trump Media are also preparing to add Bitcoin to their balance sheets. At the same time, Bitcoin ETFs like BlackRock’s IBIT now hold nearly 700,000 BTC, with assets above $70 billion.
According to Saylor, only 450 BTC are available each day from natural sellers, worth about $50 million. With so many buyers lining up, he says Bitcoin’s price is bound to rise fast. “If Bitcoin hits $500K or $1 million, maybe we can talk about it crashing,” he joked.
Saylor’s message is clear, the days of doubt are over. With institutions and even governments buying in, Bitcoin’s next stop could be $1 million.
Also Read: Michael Saylor Predicts Bitcoin Soaring 12,328% to $13M by 2045
