Michael Saylor Eyes $1 Million Bitcoin, Shrugs Off Crypto Winter Fears

Michael Saylor, Executive Chairman of MicroStrategy, has boldly predicted that Bitcoin could surge to US$1 million, brushing aside growing concerns over a potential return of the crypto winter. Speaking to Bloomberg on Tuesday (10 June), Saylor expressed unwavering optimism about Bitcoin’s long-term trajectory, stating that the only two directions for BTC are zero or seven figures.

“Crypto winter is over. If Bitcoin doesn’t go to zero, it’s going to a million,” Saylor said.

According to Saylor, the current on-chain dynamics favour a bullish future. He pointed out that only around 450 BTC are being sold daily by miners—roughly worth US$50 million. That limited supply is rapidly being scooped up by institutions and corporate entities. MicroStrategy itself has accumulated a staggering 580,000 BTC, valued at more than US$64 billion.

While Saylor acknowledged that Bitcoin might experience major corrections—potentially shedding US$200,000 off its peak—he remains firm in his belief that economic and institutional signals support a long-term upward trend. “If it hits half a million or a million dollars, sure, a correction might follow. But that’s just part of the game,” he noted.

Saylor also referenced growing political and institutional backing as a reason for confidence. Former U.S. President Donald Trump, U.S. Treasury Secretary Scott Bessent, and former SEC Chairman Paul Atkins have all voiced support for Bitcoin. Traditional banks have also started offering Bitcoin custody services—an indication that mainstream finance is warming to digital assets.

Institutional investors like BlackRock have significantly contributed to Bitcoin’s recent surge, especially through the launch of spot Bitcoin ETFs. Meanwhile, emerging economies such as Pakistan are reportedly starting to build Bitcoin reserves—another sign that BTC is being recognised as a viable store of value on the global stage.

Crypto winter, for context, is the term used to describe extended bearish phases in the crypto market. These periods are often marked by plummeting prices, lower trading volumes, and widespread investor disinterest. The most recent crypto winter followed the all-time highs of late 2021 and stretched through much of 2022 and 2023.

With institutional players increasing their exposure, nations dabbling in Bitcoin reserves, and public sentiment swinging positive once again, Saylor believes we’re in the early stages of a much larger wave.

“The conditions for Bitcoin to grow are stronger than ever,” he concluded. “It’s just a matter of time.”

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