- Michael Saylor dismissed the idea of another crypto winter, predicting Bitcoin will eventually hit US$1M due to constrained supply and steady institutional demand.
- Strategy has accumulated 582,000 BTC worth around US$63.85B and recently added 700 more.
- Saylor did acknowledge future volatility, but overall, he sees the long-term trend moving upward, coupled with political and institutional support.
Strategy’s founder, Michael Saylor, says there won’t be any more winters for Bitcoin, rejecting the idea of another prolonged crypto downturn.
In a Bloomberg interview, Saylor stated that Bitcoin’s structural shift in supply and demand makes a return to “crypto winter” increasingly unlikely moving forward.
He also said BTC is going to a million.
Winter is not coming back. We’re past that phase; if Bitcoin’s not going to zero, it’s going to a million.
Michael Saylor, Founder and Executive Chairman at Strategy. His reasoning centers on supply pressure. With miners producing around 450 BTC per day, roughly US$50M (AU$76M) at current prices, Saylor believes consistent demand at that level forces the market higher. “If that $50 million is bought, then the price has got to move up,” he said.
Strategy has been front-running that thesis for years. Since 2020, the firm has acquired 582,000 BTC, worth approximately US$63.85B (AU$98B) based on current data from Saylor Tracker.
The company recently doubled down on its Bitcoin purchase, acquiring over 700 BTC.
Read more: Bitcoin Buyers Club: These Companies Just Added BTC to Their Balance Sheets
Despite Volatility, Saylor Says Evidence Points in One Direction Only
Saylor did concede that volatility remains inevitable at higher levels. If Bitcoin does reach US$500K (AU$768K) or beyond, he said, drawdowns of US$200K (AU$308K) per coin would not be unrealistic. But he maintained that the long-term trend remains intact.
Saylor also pointed to political tailwinds. President Donald Trump’s recent embrace of Bitcoin, coupled with calls for a more favorable regulatory stance, has added further momentum. He added that traditional banks, once largely absent from the market, are now preparing to offer BTC custody products as the regulatory tone shifts.
You have all the evidence you need to determine that.
Michael Saylor, Founder and Executive Chairman at Strategy. This is similar to ARK Invest’s predictions. The firm lifted its top-end price for BT to target US$2.4M (AU$3.9M) by 2030, an increase of nearly US$1M (AU$1.56M) from its prior estimate. Likewise, the new downside and baseline scenarios were raised to US$500K and US$1.2M (AU$1.84M), respectively.
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