Michael Saylor Says Bitcoin Winter Is Over—BTC on Track for $1 Million

Michael Saylor, Executive Chairman and co-founder of Strategy, has doubled down on his ultra-bullish stance on Bitcoin, confidently stating that the crypto winter is over—and the future holds a $1 million BTC.

Strategy Keeps Buying as Saylor Dismisses Doubters

This week, Strategy added another 1,045 BTC to its growing treasury, bringing its total holdings to a staggering 582,000 BTC, currently valued at over $60 billion. In a recent interview with Bloomberg, Saylor addressed Wall Street critics, especially famed short seller Jim Chanos, who has questioned Strategy’s valuation and business model.

Saylor countered the criticism head-on, emphasizing that Strategy isn’t a passive bitcoin holder, but a pioneer in bitcoin-backed financial instruments. Through the issuance of instruments like STRIKE, STRIDE, and STRIFE, Strategy is able to raise capital without diluting its shareholders—a model that Saylor says most critics fail to grasp.

The company's most recent $110 million BTC purchase was funded entirely through these instruments.

A Profitable Bitcoin Engine

Saylor claims Strategy isn’t just sitting on its bitcoin—it’s generating massive returns. In just the first half of 2025, the company has already realized around $8.4 billion in bitcoin-denominated gains and projects this could grow to $15 billion by year-end.

He also brushed aside valuation concerns, stating, “Strategy is not a closed-end trust. We're an operating company with active, bitcoin-driven earnings potential.”

BTC to $1 Million? Saylor Thinks So

On where Bitcoin is headed next, Saylor was unequivocal: “Winter’s not coming back. Bitcoin’s not going to zero—it’s going to $1 million.” He pointed to a mix of tightening supply, rising institutional demand, and surging ETF inflows as core drivers of the next big leg up for BTC.

Currently, only 450 new BTC are mined daily, and according to Saylor, it only takes $50 million in daily capital inflow to significantly move the market.

Even a drop from a $500,000 level wouldn’t concern him. “If Bitcoin hits $1 million, and drops $200,000—that’s still a massive win,” he noted.

AI Will Fuel Bitcoin’s Future

Saylor also highlighted artificial intelligence as a surprising, yet powerful future driver of Bitcoin demand. “AI will execute 100,000 transactions per minute,” he said, arguing that AI will naturally gravitate toward Bitcoin and Layer 2 solutions for their speed, transparency, and settlement efficiency—a stark contrast to outdated banking infrastructure.

Quantum Threat? Not So Fast

Addressing long-term concerns about quantum computing, Saylor dismissed the fear, saying companies like Google and Microsoft have no reason to break cryptographic systems that also secure their own platforms. Any true threat, he said, would be well telegraphed and manageable over time. “Bitcoin is actually more resilient than most digital systems,” he concluded.

TL;DR: Michael Saylor says Bitcoin’s dark days are behind it. With $60B in BTC on Strategy’s books and projections of $15B in annual BTC gains, he’s forecasting a future where Bitcoin hits $1 million—driven by institutional adoption, AI integration, and tight supply.

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