Will Bitcoin Hit $1 Million or Crash to Zero as Saylor Predicts?

MicroStrategy CEO Michael Saylor has claimed that Bitcoin will reach the $1 million mark, dismissing fears that a new crypto winter may be coming. Saylor insists that “all evidence” points to incredible growth for the world’s leading cryptocurrency.

Billion-dollar asset manager ARK Invest in April raised its bullish Bitcoin price forecast from $1.5 million to $2.4 million by the end of 2030.

According to Saylor, approximately 450 Bitcoin are available for sale every day from miners, which equates to about $50 million at the current price. “If that $50 million is being absorbed, the price should go up,” he explained. He added that a growing number of public companies buying Bitcoin are acquiring “the entirety of the current supply.”

MicroStrategy has accumulated 582,000 Bitcoin since it began buying in 2020, which is roughly $63.85 billion according to data from Saylor Tracker. “At current price levels, it only takes $50 million to turn the entire driveshaft of the cryptocurrency economy one turn,” he said.

However, Saylor acknowledged that if Bitcoin rises to $500,000 or $1 million, a correction of roughly $200,000 should be expected.

Saylor pointed to ample evidence in the economy supporting his all-or-nothing prediction. He emphasized the support for Bitcoin from U.S. President Trump, Treasury Secretary Scott Bessent, and SEC Chairman Paul Atkins. Traditional banks are also gearing up to provide Bitcoin storage services.

While Trump publicly supports Bitcoin, his trade war in February was a key catalyst for Bitcoin’s 40% fall from its January high of $109,000.

Saylor also noted that BlackRock and other Bitcoin ETF providers are buying up the leading cryptocurrency on a daily basis. In addition, nation-states are also “joining the market.”

This vision of Bitcoin’s binary future — either zero or a million — has played out in dramatic ways for early adopters. The story of Laszlo Hanyecz, the programmer who made the world’s first real-world Bitcoin transaction, is a legendary example.

In May 2010, Hanyecz famously spent 10,000 Bitcoin to buy two pizzas — an amount worth just $41 at the time, but now valued at over $700 million at Bitcoin’s all-time high. Hanyecz, who also pioneered GPU mining and contributed to Bitcoin’s early software, is estimated to have spent or given away up to 80,000 Bitcoin in 2010 alone. If he had held onto those coins, his net worth could have exceeded $8 billion today.

Yet, Hanyecz has said he has no regrets. For him, the value was in proving Bitcoin’s real-world utility and helping the network grow. His story serves as a reminder that Bitcoin’s journey has always been about bold bets and long-term conviction—qualities that Saylor now champions on a corporate scale.

Saylor’s all-or-nothing outlook, combined with the lessons of pioneers like Hanyecz, underscores why so many in the crypto community see Bitcoin’s future as a high-stakes game: the rewards for conviction can be life-changing, but the risks are ever-present.