Bitcoin Will Hit $1 Million, Says Michael Saylor as ETFs and Nation-State Demand Eat Up Supply
TL;DR:
- Michael Saylor predicts Bitcoin will reach $1 million due to limited supply and high institutional demand.
- He believes Bitcoin is transitioning from a speculative asset to a national strategic reserve asset.
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| Credit: Bloomberg Television |
Michael Saylor isn't backing down from his long-standing belief in Bitcoin's explosive upside. Speaking to Bloomberg on June 11, he said:
“Winter is not coming back. If Bitcoin’s not going to zero, it is going to $1 million.”
His reasoning hinges on a simple equation: limited daily supply and unlimited institutional demand.
“There’s $50 million worth of Bitcoin available every day,” Saylor explained, “and $250 million of demand every day from the ETFs.”
MicroStrategy, the company he co-founded, now holds 214,400 BTC, and they are currently worth over $14 billion.
But that number doesn’t include the rest of what he sees as an unstoppable wave of sovereign and institutional buyers.
Saylor claims this isn't just about speculation anymore. “We’re watching Bitcoin transition from a speculative asset to a national strategic reserve asset,” he said.
While the price is hovering around $109,000, he believes that’s just a starting point.
He even floated the possibility of Bitcoin becoming part of a new U.S. strategic reserve.
Still, he didn’t sugarcoat the road ahead.
“It could go to $250,000, crash back to $200,000, and then go to $750,000,” he warned.
In his view, that volatility doesn't matter if the trajectory is locked in.
His endgame?
A global shift where Bitcoin becomes a “risk-off asset” bought by countries, corporations, and banks to protect against inflation, debt, and unstable currencies.
You can watch the full interview here:
