Michael Saylor, co-founder and executive chairman of Strategy, is doubling down on his long-term Bitcoin thesis—confidently rejecting the idea of another prolonged bear market. In a recent Bloomberg interview, Saylor declared that Bitcoin’s trajectory is no longer a matter of survival, but of scale.
“Winter is not coming back,” he said.
He pointed to surging institutional demand and Bitcoin’s fixed supply as core drivers of future growth.
“We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million,” he added.
Saylor’s sentiment echoes broader market optimism. In April, ARK Invest raised its most bullish forecast for Bitcoin, projecting a $2.4 million price target by 2030—up from its earlier $1.5 million estimate. This increasingly shared view among asset managers hinges on Bitcoin’s maturation as a store of value, driven by adoption and regulatory clarity.
Bitcoin Demand Outpaces Natural Supply Daily
According to Saylor, Bitcoin’s price is mathematically bound to rise because demand now vastly exceeds supply. He explained that miners currently release only about 450 BTC daily—roughly $50 million worth at present market prices.
That supply, Saylor claims, is rapidly consumed by institutional buyers, including publicly traded firms.
“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn,” he said.
Strategy itself exemplifies this dynamic, holding over 582,000 BTC—valued at around $63.8 billion—making it one of the largest corporate Bitcoin holders globally. Saylor argues that such large-scale accumulation effectively absorbs all newly mined coins, shrinking the float of available BTC on the open market.
He acknowledged that this demand-supply imbalance could create heightened volatility as valuations rise. Price corrections of $200,000 per coin, he warned, may occur if Bitcoin reaches $500,000 or $1 million, but these would be part of a broader upward trend—not signs of decline.
Regulatory and Political Shifts Fuel Bullish Case
Saylor’s bullish stance isn’t based solely on market math—he’s also looking to changing political winds and institutional trends. Speaking on the show, the Strategy chairman emphasized that Bitcoin is gaining legitimacy from key U.S. policymakers and the broader financial system.
He highlighted growing support from U.S. leadership, particularly President Donald Trump’s pro-Bitcoin messaging and the appointments of Treasury Secretary Scott Bessent and SEC Chair Paul Atkins. These moves, Saylor believes, reflect a more favorable regulatory backdrop.
“Bitcoin has gotten through its riskiest period; the accounting has been corrected,” Saylor stated, noting how recent accounting reforms and clearer policies are helping Bitcoin emerge as a credible asset class.
Traditional banks are also reportedly building Bitcoin custody infrastructure, and asset managers like BlackRock are buying Bitcoin ETF shares daily—further reducing supply.
Globally, Saylor sees signs that governments are beginning to treat Bitcoin as a strategic asset. He cited Pakistan, where the head of the national crypto council recently disclosed plans for a sovereign Bitcoin reserve, as a sign of Bitcoin’s growing geopolitical relevance.
Quick Facts
- Michael Saylor says Bitcoin won’t see another bear market and could hit $1 million.
- Strategy holds over 582,000 BTC, valued at more than $63 billion.
- Saylor believes Bitcoin’s daily mined supply is now fully absorbed by institutions.
- He predicts $200,000 drawdowns are possible, but part of upward momentum.
- Political support and financial institutions are adding credibility to Bitcoin’s role.
