Michael Saylor Says Bitcoin Is Headed to $1M, Shrugs Off Crypto Winter Fears
Michael Saylor Doubles Down on $1M Bitcoin Target as Pakistan Joins Global Reserve Wave.
Key Takeaways:
- Michael Saylor reaffirms his $1M BTC outlook and shrugs off the return of crypto winter.
- Continued accumulation from institutions and ETFs and supportive White House stances can sharply increase the BTC price.
- Pakistan government's integration of Bitcoin reserve accelerates global adoption.
Michael Saylor, Executive Chairman of MicroStrategy, isn’t worried about another crypto winter. He is more confident than ever in Bitcoin’s future. During a June 10 interview with Bloomberg, Saylor pushed back against fears of a market slowdown. “Winter is not coming back,” he said. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”
$50 Million in Buying Power Could Push BTC Price Higher
A crypto winter refers to a prolonged period of declining cryptocurrency prices and low investor confidence.
Michael Saylor holds a different thought. During the interview, he noted that approximately 450 Bitcoins are sold daily by miners. At the current BTC price of $109,859, that totals around $50 million in daily supply.
He explained that if this $50 million is bought each day, the BTC price will rise.
The Bitcoin advocate believes public companies are already stepping in to absorb that supply.
Strategy (formerly MicroStrategy), where Saylor serves as Executive Chairman, continues to lead this charge.
Since 2020, the firm has steadily accumulated Bitcoin. At press time, it holds 582,000 BTC, valued at over $63.83 billion.
He also pointed to broader market activity. Large financial institutions are preparing to offer Bitcoin custody services.
Saylor also referenced President Donald Trump’s endorsement of Bitcoin, as well as the backing of Treasury Secretary Steven Mnuchin and SEC Chair Jay Clayton. He believes these signals confirm Bitcoin’s new role as a legitimate, long-term asset.
While his projections were mostly positive, there was acknowledgment that Bitcoin isn’t without volatility.
If the price climbs to $500,000 or even $1 million, he said, a pullback of $200,000 wouldn’t be surprising. In other words, higher prices will bring wider price swings, which is a normal part of any fast-growing asset.
Saylor Expands Global Push for Bitcoin Adoption and Integration
Michael Saylor has a history of making bold projections about Bitcoin. In September 2024, he appeared on CNBC’s Squawk Box. He said Bitcoin could reach $13 million by 2045, based on long-term economic trends and growing adoption.
His view isn’t isolated. Others are also raising their long-term forecasts. In April, ARK Invest increased its bullish projection from $1.5 million to $2.4 million by 2030.
Regulators now see Saylor BTC insights as a pathway to financial stability. On February 21, 2025, the U.S. Securities and Exchange Commission’s new Crypto Task Force met with him to discuss plans to use Bitcoin as a reserve asset.
His model projected that doing so could add up to $81 trillion to the U.S. Treasury while helping reduce the national debt.
In May, he urged Microsoft to adopt Bitcoin as its main treasury asset. He noted that Bitcoin has delivered a 62% annual return over the last five years. Microsoft, by comparison, posted 18%.
He’s not the only one pushing this vision. On May 28, Pakistan’s crypto council announced plans to establish a strategic Bitcoin reserve.
Meanwhile, BlackRock continues to purchase Bitcoin daily. At the Bitcoin 2025 conference, U.S. AI and crypto czar David Sacks said federal agencies can buy more BTC by reallocating existing budgets as long as they stay within their limits.
More companies are getting involved, too. According to BitcoinTreasuries.NET, 116 public firms now hold Bitcoin. New names include GameStop and Swedish health-tech company H100.
Saylor’s belief in Bitcoin goes beyond price. It’s about transformation. He sees Bitcoin as a financial tool that countries, corporations, and individuals can use to protect and grow wealth.
Jimmy Aki
Drawing from his background in economics, Jimmy has monitored blockchain development for years, firmly believing in its power to democratise finance. Beyond offering commentary on the latest crypto developments, he also spends his time analysing open-source codes of promising projects on GitHub. Jimmy holds Bitcoin and Ethereum.
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