Saylor says the crypto winter has officially ended, predicting Bitcoin will rise to $1 million

Michael Saylor, executive chairman of MicroStrategy, once again expressed strong confidence in Bitcoin, this time stating that the scary crypto winter is a thing of the past. In a recent interview with Bloomberg, he claimed that Bitcoin has reached a point of no return due to limited daily issuance and a wave of increasing and persistent institutional demand.

Currently, only 450 BTC are mined each day, a number that according to Saylor has been fully absorbed by institutional investors, public companies, and exchange-traded funds (ETFs). In his view, this continuous buying pressure on such a limited supply can only push prices higher. For example, MicroStrategy has accumulated over 582,000 BTC since 2020, a position now worth more than $63 billion.

POLITICAL AND INSTITUTIONAL SUPPORT SETS A NEW DIRECTION

Saylor also pointed out how key political figures, including Donald Trump and several top financial leaders in the United States, have begun to publicly support Bitcoin. Trump even advocated for the establishment of a strategic Bitcoin reserve fund in March, putting the U.S. in a potential geoeconomic race with other countries like Pakistan, which is currently considering establishing its own strategic BTC reserve fund.

Moreover, major financial institutions are making progress in providing Bitcoin custody services, a sign that the traditional banking system is rapidly integrating this technology. The involvement of giants like BlackRock in launching a Bitcoin ETF further reinforces this profound structural change in the global and modern financial ecosystem.

ALTCOIN ETF SUMMER MAY BE COMING SOON

Meanwhile, Bloomberg analysts reported that the U.S. Securities and Exchange Commission (SEC) may soon approve a wave of new cryptocurrency ETFs in July, potentially marking the beginning of "altcoin ETF summer."

Companies like Grayscale and Bitwise have submitted proposals for products related to Solana, XRP, and staking-based protocols. The SEC is reportedly requesting updates on the Solana ETF filings, signaling progress in ongoing regulatory discussions.

Saylor believes that all these factors combined make the outlook for Bitcoin more favorable than ever. For him, significant failures no longer matter.

"The winter will not return," he stated emphatically.