Key Takeaways:
Michael Saylor, the Executive Chairman of Strategy, has reiterated his optimistic Bitcoin price prediction, asserting that a new crypto winter is highly unlikely.
In an interview with Bloomberg on Tuesday, Saylor stated, “Winter is not coming back. We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.” His remarks come at a time when Bitcoin’s supply is dwindling and institutional interest is intensifying.
Saylor: Only 450 Bitcoin Mined Daily
Saylor noted that only 450 BTC are mined daily, equating to about $50 million based on Bitcoin’s current value of $109,859. “If that $50 million is bought, then the price has got to move up,” he explained, indicating that public corporations are absorbing the entirety of the available supply.
Strategy has been acquiring Bitcoin since 2020 and currently holds 582,000 BTC, valued at around $63.85 billion according to the Saylor Tracker. He emphasized that at the current price, it would only take $50 million to significantly impact the cryptocurrency market.
Saylor also referenced various market trends to support his bullish prediction. “You have all the evidence you need to determine that,” he stated, highlighting traditional financial institutions gearing up for Bitcoin custody services as well as political endorsements from influential figures.
BREAKING: BILLIONAIRE MICHAEL SAYLOR TELLS BLOOMBERG #BITCOIN IS GOING TO $1 MILLION AND THAT THERE WILL NEVER BE ANOTHER CRYPTO WINTER
COMPANIES AND ETFS “ARE BUYING THE ENTIRE SUPPLY.” PARABOLIC SOON pic.twitter.com/Vv7qSRIgst
— The Bitcoin Historian (@pete_rizzo_) June 10, 2025
He pointed to support from prominent figures like President Donald Trump, Treasury Secretary Scott Bessent, and SEC Chair Paul Atkins as endorsements for the cryptocurrency.
Saylor acknowledged the possibility of volatility if Bitcoin reaches higher price points, predicting that if it climbs to $500,000 or $1 million, it might realistically fall by around $200,000. This commentary occurs amidst a landscape where other industry leaders are also increasing their Bitcoin price forecasts. For instance, in April, ARK Invest raised its “bull case” target for Bitcoin from $1.5 million to $2.4 million by 2030.
ETF Providers Continue to Accumulate Bitcoin
In addition, cryptocurrency exchange-traded fund (ETF) providers like BlackRock are making daily acquisitions of Bitcoin, while some governments are also entering the fray. Pakistan’s crypto council head, Bilal Bin Saqib, recently announced intentions to establish a strategic Bitcoin reserve.
The number of public companies incorporating Bitcoin into their balance sheets is also on the rise, now totaling 116. Notable additions include GameStop and the Swedish health tech firm H100. MicroStrategy holds the largest corporate Bitcoin stash, boasting 580,250 BTC valued at approximately $60.9 billion, while other significant holders like Marathon Digital Holdings and Tesla have each crossed the $1 billion mark in Bitcoin holdings.
As the cryptocurrency surged to a record high of $111,965 last week—over 50% higher than the price in early April—digital asset firms are mobilizing to tap into capital markets for substantial Bitcoin acquisitions. This surge has triggered a wave of listings and mergers as companies race to secure funding in response to strong investor interest.
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