Saylor Predicts Bitcoin at $1M, Says Crypto Winter Ended
Michael Saylor, co-founder of MicroStrategy, told Bloomberg that Bitcoin’s bear market has ended. He forecasts BTC may surge to $1 million, fueled by shrinking supply and rising institutional demand. Only 450 BTC per day are available from natural sellers, while major firms like BlackRock are buying significant shares of this limited supply. Saylor also cited political backing from figures such as Donald Trump and senior US officials. He warned that in a renewed downturn, BTC could fall to $250,000. Despite recent volatility around the $108,000 level, MicroStrategy continues to accumulate Bitcoin, indicating confidence in its long-term value as a global reserve asset. These factors suggest a bullish scenario for Bitcoin’s price.
Bullish
Michael Saylor’s projection of Bitcoin reaching $1 million emphasizes key bullish drivers: tightening supply, strong institutional demand, and political support. Historically, such factors have fueled significant rallies—most notably during the 2020-2021 bull run sparked by corporate and ETF inflows. Although he notes a potential fall to $250,000 in a downturn, the dominant message is positive. Short-term traders may react to renewed accumulation and rising targets around $500,000-$1 million. In the long term, continued adoption by firms like BlackRock and ongoing shrinkage of daily BTC supply support sustainable upside.