tl;dr
Michael Saylor, founder and executive chairman of Strategy, predicts Bitcoin could reach $1 million, representing an 815% increase from current levels. He believes Bitcoin's volatility phase is over due to growing support from the US government, banks, and increased demand. With limited daily Bitcoi...
Michael Saylor, founder and executive chairman of Strategy, predicts Bitcoin could reach an astonishing $1 million, marking an 815% increase from current levels. He argues that Bitcoin’s volatile phase is over, driven by growing institutional adoption and reduced selling pressure.
Saylor points to strong backing from the US government, major banks, and rising demand as key factors supporting his bullish outlook. He notes endorsements from high-profile figures such as the President of the United States, cabinet members, and regulators at the Commodity Futures Trading Commission (CFTC), all signaling growing mainstream acceptance.
An important aspect of Saylor’s forecast lies in Bitcoin’s limited daily supply from miners — currently about 450 Bitcoins per day, or roughly $50 million worth. With demand poised to absorb this fixed supply, Saylor expects upward price pressure to intensify, pushing Bitcoin’s price beyond $1 million.
At the time of this statement, Bitcoin trades around $109,260, signaling both robust growth and the potential for a continued rally. Saylor concludes that the previous cycle of boom-and-bust volatility is behind us, confidently stating, “Winter’s not coming back. Bitcoin’s not going to zero, it’s going to $1 million.”