Recently, on Bloomberg, Michael Saylor - one of the most famous investors in the field of Bitcoin shared his strong thoughts on the future of this cryptocurrency. He stated that the period of Bitcoin crashing hard, also known as 'crypto winter,' has officially closed. Saylor believes that Bitcoin is no longer at risk of returning to zero but is on a long-term journey towards an impressive destination: a price of 1 million USD per coin.
According to Saylor, increased support from financial institutions and politicians is a crucial factor in Bitcoin's recovery. He mentions influential figures in American politics, including President Trump and members of his cabinet. People like Scott Bessent and Paul Atkins are also expressing interest in Bitcoin, indicating that this currency is no longer just a 'toy' for small investors.
In addition, the involvement of large banks as well as some countries in the Bitcoin market has created new momentum for the development of this currency. Saylor emphasized that the new supply of Bitcoin from mining activities is currently only about 450 BTC per day, equivalent to about 50 million USD. A notable fact is that the entire amount of Bitcoin is being fully absorbed by companies holding reserve assets and ETFs like BlackRock.
Not stopping there, Saylor also points out that more and more large businesses are pouring money into Bitcoin. For example, Trump Media recently raised 2.5 billion USD, while GameStop successfully raised 500 million USD. This indicates that the demand for Bitcoin is significantly increasing, and Saylor believes that demand will continue to far exceed supply in the future.
With all these factors, Saylor believes that the price of Bitcoin will face upward pressure and predicts that any price adjustment will only occur when Bitcoin has reached extremely high levels. For example, if Bitcoin reaches a price of 1 million USD, an adjustment down to 800 thousand USD could happen, but unlike previous cycles where the price could drop sharply from 60 thousand to 15 thousand.
In summary, with positive signs from the market and increasing support from financial and political institutions, Michael Saylor discreetly yet confidently asserts that Bitcoin is on its way to conquering new heights. This recovery not only brings hope to investors but also creates a solid foundation for the long-term development of this cryptocurrency in the future.
