Michael Saylor Believes Bitcoin Will Reach $1 Million, Dismisses Concerns of Crypto Winter
Michael Saylor, Chairman of MicroStrategy, dismisses concerns about the return of *crypto winter* and predicts that Bitcoin (BTC) will reach $1 million. He argues that the sluggish phase has passed. His logic is simple: "If Bitcoin doesn't drop to zero, then its path to $1 million is clear."
Saylor highlights the balance of supply and demand:
* Miners only sell ~450 BTC/day (worth ~$50 million).
* This supply is almost always fully absorbed by companies accumulating BTC, such as MicroStrategy itself, which now holds 580,000 BTC ($64 billion).
While acknowledging the potential for a major correction (for example, a drop of $200,000 if BTC reaches $500k-$1 million), Saylor is confident there is a strong economic foundation for his prediction. Support from figures like Donald Trump and U.S. financial officials, as well as the role of traditional banks beginning to offer BTC custody services, are key factors.
Institutional adoption through ETFs (like BlackRock) and interest from countries such as Pakistan add to the optimism. Saylor asserts that *crypto winter* – the sluggish period following the peak prices of 2021 – will not repeat.
