The outlook for Bitcoin's price remains sky-high after Strategy founder Michael Saylor told Bloomberg on Tuesday that the frozen market will not return. He argued that increasing demand and limited daily supply point directly to a price increase up to 1 million dollars.
Supply and Demand Pressure
Theo Saylor, the miner only releases about 450 BTC each day. That number is equivalent to about 50 million dollars at the current price of around 109,859 dollars.
He stated that once 50 million dollars is fully purchased by buyers, there will be no choice but for the price to rise. His view is based on the idea that current active demand is equal to or exceeds what miners are selling.
High Price Target
Based on reports, asset management firm ARK Invest recently raised its price prediction for Bitcoin from 1.5 million dollars to 2.4 million dollars by the end of 2030. Saylor even went further.
He stated that as long as Bitcoin does not go to 0, it will reach 1 million dollars. His company has accumulated 582,000 BTC since 2020. According to Saylor Tracker data, that amount is worth nearly 64 billion dollars.
Institutional and Political Support
Saylor points out big names supporting Bitcoin. He mentions US President Donald Trump, US Treasury Secretary Scott Bessent, and SEC Chairman Paul Atkins as signs that this asset has won the toughest battles.
He also noted that banks are lining up to offer custody services. And he praised Bitcoin ETFs from BlackRock and other companies for buying coins daily.
Volatility Warning
Saylor did not hesitate to issue a warning note. He argued that if Bitcoin reaches 500,000 dollars or 1 million dollars, the price could fall to around 200,000 dollars. This figure represents a nearly 60% drop from the peak. His view is that large price fluctuations are part of Bitcoin's history—and could be its future.
In addition to miners' sales and whale wallets, analysts say that broader market movements are also important. Spot and futures trading often totals 10 billion dollars a day, so a 50 million dollar new purchase may only push the price.
Regulations could shift in the other direction if concerns about energy use or consumer protection increase. And rival cryptocurrencies continue to emerge with new features.
What Comes Next?
Reports reveal that the real challenge will be whether stable new buyers can outpace both the miners' supply and the selling by cryptocurrency holders looking to profit.
Saylor's data makes a strong case for the potential continued price increase. But investors building plans around a 1 million dollar Bitcoin should prepare for significant drops along the way.
Ultimately, daily demand, political moves, and the reactions of the rest of the financial world will determine whether those attractive targets actually become a reality.
