Michael Saylor is more confident than ever that Bitcoin isn’t heading to zero, in fact, he believes the opposite. In a recent interview, the outspoken executive shared his conviction that Bitcoin is on track to reach $1 million, thanks to a wave of structural changes and surging interest from major players.
According to Saylor, the narrative around Bitcoin has dramatically shifted. The old fears of regulatory crackdowns are fading, replaced by growing support in political and financial circles. He points to new appointments in U.S. regulatory agencies that lean pro-crypto and bills making their way through Congress that reflect a more Bitcoin-friendly stance.
Behind the scenes, financial giants are quietly building Bitcoin services for their clients, and the demand from big institutions, he says, is outpacing supply. Only around 450 BTC hit the market daily, and when buyers absorb that limited amount, upward pressure on price becomes inevitable.
This month alone, Saylor’s company picked up over 1,000 BTC. And it’s not just corporations, countries are beginning to take positions in Bitcoin, creating strategic reserves. At the same time, ETFs continue to hoard massive amounts of BTC, including one that now holds nearly 700,000 coins.
“If Bitcoin rallies to $500K or $1 million, then maybe we can talk about it crashing down by $200,000 a coin,”
said Saylor.
He believes we’ve moved past the darkest days of crypto, describing the current trend as “up-only.” With institutions and even governments piling in, the possibility of Bitcoin seeing seven figures per coin no longer feels far-fetched to him.
Disclaimer: This content does not constitute trading or investment recommendations. It’s essential to conduct your own research before purchasing any cryptocurrency or investing in any services.
