MicroStrategy’s Executive Chairman, Michael Saylor, has pushed back against concerns about a potential return of the crypto bear market. In a recent interview with Bloomberg, Saylor argued that growing Bitcoin adoption and limited daily supply are setting the stage for a massive price surge.
“We’re not going back into a winter,” he said. “That phase is behind us. If Bitcoin doesn’t collapse to zero, the only direction left is $1 million.”
In April, ARK Invest revised its most optimistic Bitcoin forecast, increasing the price target from $1.5 million to $2.4 million by 2030.
$50 Million in Buys Could Shift the Market
According to Saylor, miners release around 450 BTC into circulation daily, which equals roughly $50 million based on current prices near $109,859 (CoinMarketCap).
“If someone buys up that daily supply, there’s no choice—the price has to rise,” he explained.
He highlighted that major public companies are steadily acquiring Bitcoin, effectively absorbing the available supply. MicroStrategy alone has accumulated 582,000 BTC since 2020, valued at approximately $63.85 billion per Saylor Tracker.
“At this price range, just $50 million in daily purchases can rotate the entire engine of the crypto economy once,” Saylor said.
That said, he acknowledged the volatility that may come with rapid gains, adding that if Bitcoin hits $500K or $1M, a pullback of $200,000 per coin wouldn’t be far-fetched.
Political Support Adds to Momentum
Saylor emphasized that broader institutional and governmental acceptance is strengthening Bitcoin’s long-term outlook. “The proof is everywhere,” he said, pointing to recent political endorsements.
He mentioned former President Donald Trump’s public support for Bitcoin, along with backing from Treasury Secretary Scott Bessent and SEC Chair Paul Atkins. Traditional financial institutions are also preparing to offer Bitcoin custody services.
“Bitcoin’s riskiest days are behind it. The regulatory clarity is much improved,” Saylor noted.
Trump’s crypto-friendly stance, however, hasn’t shielded Bitcoin from all market shocks. His February tariffs were widely blamed for a sharp 40% correction in Bitcoin’s price from its January peak of $109,000.
Saylor also highlighted that major asset managers like BlackRock and other ETF issuers are accumulating Bitcoin, and even nation-states are entering the market. In late May, Pakistan’s crypto council announced plans to establish a national Bitcoin reserve.
Samson Mow, founder of JAN3, recently warned that if the U.S. doesn’t accelerate its Bitcoin acquisitions, it could be overtaken by countries like Pakistan. Trump’s Strategic Bitcoin Reserve initiative, launched in March, aims to address that concern.
For more news, find me on Twitter Giannis Andreou and subscribe to My channels Youtube and Rumble
What is your opinion on this particular topic? Leave us your comment below! We are always interested in your opinion!
