Bitcoin to $1 Million: Michael Saylor Predicts Crypto Winter Is Over
Michael Saylor, co-founder of Strategy, confidently rejects Wall Street skeptics. He declares the crypto winter finished. Moreover, he predicts Bitcoin to $1 Million, driven by strong institutional demand and supply constraints.
Michael Saylor’s Strategy: Expanding Bitcoin Holdings
This week, Strategy added 1,045 Bitcoin to its reserves. As a result, total holdings now reach 582,000 BTC, valued at over $60 billion. In a detailed Bloomberg interview, CEO Michael Saylor dismissed recent short-seller criticism by Jim Chanos. He emphasized that Strategy’s bitcoin-backed financial model makes shorting the company’s stock a losing bet.
Saylor explained that Strategy is the world’s largest issuer of Bitcoin-backed credit instruments. These include preferred shares like STRIKE, STRIDE, and STRIFE. They allow the company to raise capital without diluting shareholders. For example, the recent $110 million Bitcoin purchase was fully funded through these instruments.
He also highlighted that Strategy is not a closed-end fund. Instead, it operates as a company that can generate additional Bitcoin profits. According to Saylor, the company earned around $8.4 billion in Bitcoin dollar gains in the first half of this year.
Understanding the Company’s Financial Model
Looking ahead, Strategy projects Bitcoin-related revenues of $15 billion for 2025. Saylor delivered a bold forecast for Bitcoin’s price: “The winter is not coming back. Bitcoin is not going to zero — it’s going to $1 million.” This strong prediction reflects his deep conviction.
He cited growing institutional interest and strong ETF inflows. In addition, a shrinking daily supply of only 450 BTC drives his optimism. These factors create immense upward pressure.
A Bullish Outlook on Bitcoin’s Future Price
Saylor explained that about 450 Bitcoin are mined daily. This amounts to roughly $50 million at current prices. Institutional buyers, including public companies, absorb this entire supply. He said, “If that $50 million is bought, then the price has got to move up.” This simple dynamic is powerful.
He acknowledged that if Bitcoin reaches $500,000 or Bitcoin to $1 Million, price corrections could occur. These might be around $200,000 per coin. However, he stressed that only $50 million is needed to “turn the entire driveshaft of the crypto economy one turn.” Thus, this highlights Bitcoin’s liquidity.
Addressing Technological Risks and Opportunities
Saylor dismissed fears about quantum computing threatening Bitcoin. He argued that tech giants like Microsoft and Google have no incentive to undermine global cryptography because it supports their own businesses. Any future threats would be announced well in advance. This would give Bitcoin time to adapt. “Bitcoin is less vulnerable than most digital systems,” he said.
Regarding artificial intelligence (AI), Saylor believes AI will become one of Bitcoin’s biggest demand drivers. He predicted AI will execute 100,000 transactions per minute. Therefore, this requires a fast, transparent settlement layer. Bitcoin and layer-2 networks, he argued, will provide the infrastructure AI needs to operate at scale.
What This Means for Bitcoin Investors
Michael Saylor’s bold stance signals strong confidence in Bitcoin’s long-term growth. With Strategy’s massive Bitcoin holdings and innovative financial tools, Saylor sees Bitcoin not only surviving but thriving. He firmly believes Bitcoin will reach $1 Million. Institutional adoption, supply constraints, and technological advances underpin his bullish outlook. This marks a new chapter for Bitcoin as a key macro asset.
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