Bitcoin Million: Saylor Predicts $1M Rally
π° MicroStrategy CEO Michael Saylor has emphatically rejected fears of a renewed crypto winter, asserting that βweβre past that phaseβ and predicting a rally toward βBitcoin millionβ levels as demand continues to outstrip supply.
π Speaking to Bloomberg on June 10, Saylor declared, βWinter is not coming back; if Bitcoinβs not going to zero, itβs going to $1 million,β underscoring his conviction that adoption trends and institutional interest will propel a βBitcoin millionβ outcome.
π Billion-dollar asset manager ARK Invest reinforced that bullish outlook in April by raising its bull-case target from $1.5 million to $2.4 million by the end of 2030, a forecast that further fuels the narrative of a looming βBitcoin millionβ milestone.
πΌ According to Saylor, Bitcoin miners release roughly 450 BTC dailyβabout $50 million at current pricesβand βif that $50 million is bought, then the price has got to move up,β a dynamic he believes will naturally drive us toward βBitcoin millionβ territory.
π Public companies are already snapping up βthe entire natural supply,β Saylor noted, pointing out that MicroStrategy alone holds 582,000 BTCβworth about $63.85 billionβsince it began accumulating in 2020, a scale of buying consistent with a march to million status.
π‘ βAt the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn,β Saylor said, emphasizing that this daily buying pressure is a direct path toward βBitcoin millionβ valuations.
βοΈ He did caveat that should Bitcoin surge to $500,000 or $1 million, those peaks might be followed by correctionsββcrashing down by about $200,000 a coinββbut maintained that such fluctuations still orbit around a larger trajectory toward βBitcoin million.β
ποΈ Saylor also highlighted key endorsements in the wider economyβUS President Donald Trumpβs public backing of Bitcoin, support from Treasury Secretary Scott Bessent, and pro-crypto signals from SEC chair Paul Atkinsβas further pillars supporting a βBitcoin millionβ rally.
π½ Traditional banks are lining up to offer custody services, Saylor added, a sign he interprets as confirmation that βBitcoin has gotten through its riskiest period; the accounting has been corrected,β laying the groundwork for βBitcoin millionβ momentum.
π He pointed to daily purchases by BlackRock and other Bitcoin ETF providers, along with nation states like Pakistan moving to establish strategic reserves, as additional catalysts making βBitcoin millionβ increasingly plausible.