Saylor Declares Bitcoin Winter Over, Says BTC Headed for $1 Million š
Strategy co-founder Michael Saylor is brushing off Wall Street skeptics, confidently claiming that bitcoin winter is officially overāand BTC is on the road to $1 million.
š āShort Strategy at Your Own Riskā
Strategy just added 1,045 BTC to its reserves, bringing total holdings to a jaw-dropping 582,000 BTCāvalued at over $60 billion. In a Bloomberg interview, Executive Chairman Michael Saylor dismissed criticisms from short seller Jim Chanos and emphasized Strategyās unique financial model.
š§ āWeāre the largest issuer of bitcoin-backed credit instruments in the world,ā said Saylor, referring to their issuance of STRIKE, STRIDE, and STRIFE preferred shares. These allow the company to raise capital without diluting shareholdersāand last weekās $110M BTC buy was funded entirely through them.
š° Bullish Outlook
Saylor reports the company generated $8.4 billion in BTC-dollar gains in the first half of the year and expects $15B in bitcoin-related earnings in 2025.
And his forecast?
> āBitcoin isnāt going to zero. Itās going to $1 million.ā
He cited institutional inflows, limited BTC daily supply (just 450 coins), and ETF traction as key drivers.
š¤ On Quantum Computing & AI
Saylor brushed aside fears of quantum threats, saying tech giants would never compromise the cryptography they rely on. As for AI? He believes itāll be one of BTCās biggest demand drivers:
> āAI will reject legacy banking infrastructure. It needs instant, transparent settlementāand thatās where Bitcoin shines.ā
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š§ Final Thought: Whether you think Saylorās on to something or off the rails, one thingās clearāheās not here to play small. And hey, if this post saved you a Google search⦠maybe let your thumb tip the like button. š
#Bitcoin #MichaelSaylor #CryptoNews #BTC $BTC