Michael Saylor rejected fears of a "crypto winter" and claimed that Bitcoin "will reach one million dollars"

Michael Saylor, from Strategy, stated that "all evidence" indicates it is unlikely that Bitcoin will enter another "crypto winter" soon. Michael Saylor, from Strategy, dismissed fears of a return to a winter in the cryptocurrency market, suggesting that greater adoption of Bitcoin and its limited daily supply will drive it to reach one million dollars.

"The winter will not return," Saylor told Bloomberg on Tuesday. "We have surpassed that phase; if Bitcoin is not going to fall to zero, it will reach one million dollars."

In April, the billion-dollar asset manager ARK Invest raised its "bullish" price target for Bitcoin from 1.5 million to 2.4 million dollars by the end of 2030.

When 50 million dollars worth of Bitcoin are bought daily, the price must rise

Saylor stated that approximately 450 Bitcoin (BTC) are available for sale each day from Bitcoin miners, which amounts to a value of approximately 50 million dollars at its current price of 109,859 dollars, according to CoinMarketCap.

"If those 50 million dollars are bought, then the price has to rise," Saylor said.