Bitcoin is not going back to the cold days of a market winter, according to Michael Saylor. The co-founder and Executive Chairman of MicroStrategy shared his bullish outlook in a June 10 interview with Bloomberg, arguing that BTC is on a path toward $1 million, and there’s no turning back.
“Winter is not coming back,” Saylor declared. “We’re past that phase. If Bitcoin’s not going to zero, it’s going to $1 million.”
Saylor’s confidence is rooted in rising institutional demand, limited supply, and increasing adoption globally, trends that he believes have pushed BTC beyond its most volatile and risky period.
Bitcoin’s Limited Daily Supply: Only 450 BTC
Saylor highlighted a key economic dynamic supporting his forecast: the limited daily supply of Bitcoin. According to him, BTC miners only release about 450 BTC into the market each day. At current prices of around $109,859 per coin, that represents roughly $50 million in daily sellable supply.
“If that $50 million is bought, then the price has got to move up,” he explained.
In other words, any sustained buying pressure from institutional players, ETFs, or governments would drive prices higher quickly. Saylor believes BTC’s supply structure is now so constrained that just $50 million in daily demand is enough to shift the entire market.
MicroStrategy’s Bitcoin Holdings Surge to 582,000 BTC
MicroStrategy, under Saylor’s leadership, has become the largest corporate holder of Bitcoin. Since starting its accumulation strategy in 2020, the firm has acquired 582,000 BTC, now worth about $63.85 billion, based on data from the Saylor Tracker.
“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn,” Saylor said.
MicroStrategy’s aggressive BTC accumulation has sparked both admiration and controversy in financial circles. But for Saylor, it’s a long-term strategy backed by the fundamental belief that BTC is digital gold, only better.
Saylor isn’t alone in his optimistic forecast. In April, asset manager ARK Invest raised its bull case for Bitcoin’s long-term price target from $1.5 million to $2.4 million by the end of 2030. This projection assumes continued growth in institutional adoption, nation-state reserves, and use as a global store of value.
Trump, Treasury, and Traditional Finance Support Bitcoin
Adding to Saylor’s confidence is a growing wave of political and institutional support for Bitcoin. He noted that:
- Former President Donald Trump has shown strong support for BTC.
- Treasury Secretary Scott Bessent and SEC Chair Paul Atkins are also on board.
- Traditional banks are preparing to offer BTC custody services.
“Bitcoin has gotten through its riskiest period; the accounting has been corrected,” Saylor said.
This convergence of political, regulatory, and banking support represents a major turning point for the crypto asset, according to Saylor. He sees this as a sign that the U.S. is finally embracing BTC as a strategic asset, not just a speculative one.
Strategic Bitcoin Reserves: Pakistan Enters the Game
One emerging trend that Saylor emphasized is the idea of nation-state Bitcoin reserves. On May 28, Bilal Bin Saqib, head of Pakistan’s Crypto Council, announced that the country is preparing to establish a strategic Bitcoin reserve.
This follows a major move by the U.S. itself. In March 2025, the Trump administration announced the creation of a U.S. Strategic Bitcoin Reserve, marking the first time a G7 nation has committed to holding BTC as part of its financial strategy.
JAN3 founder Samson Mow recently warned that the U.S. could be “front-run by Pakistan” if it delays further Bitcoin accumulation.
The global arms race for BTC is now underway. As more countries build their reserves, the available supply on public markets shrinks even further, driving up the long-term price.
Caution: Volatility Isn’t Over
While Saylor’s outlook is overwhelmingly bullish, he did offer one caution. If Bitcoin does rise to $500,000 or $1 million, it won’t be a straight line. Volatility is still part of the game.
“It may be more realistic to forecast it crashing down by about $200,000 a coin,” he admitted.
This kind of volatility would be dramatic, but in Saylor’s view, it doesn’t threaten the long-term trajectory. For serious investors, the key is to stay focused on the macro trends, not the daily price swings.
Final Thoughts
With institutional adoption growing, daily supply shrinking, and geopolitical interest rising, Michael Saylor believes BTC is at a historic tipping point. The days of a prolonged crypto winter are over, he claims. What lies ahead is a new era of hyper-Bitcoinization, where the asset becomes a cornerstone of global finance.
And in his mind, the destination is clear.
“If it’s not going to zero, it’s going to $1 million.”
As more governments, asset managers, and corporations follow MicroStrategy’s lead, the next few years could see Bitcoin reach heights once thought impossible, and Saylor is betting it all on that future.
