Bitcoin Poised For Rally To $1 Million, Says Michael Saylor — Here’s What Will Catalyze The Epic Ascent

Michael Saylor, cofounder and the executive chairman of Bitcoin-powered giant Strategy, has ruled out the chances of a full-blown crypto winter returning, at least not anytime soon.

Crypto winter, as widely known within the cryptosphere, is a period typically characterized by a cruel correction in Bitcoin prices.

According to Saylor, BTC is not going to $0 but is headed towards the $1 million per coin coveted milestone based on a number of key factors that he believes will supercharge the price of the oldest cryptocurrency.

Price Has To Rocket If $50 Million In Bitcoin Is Bought Daily

Speaking to Bloomberg on Tuesday, Michael Saylor highlighted that roughly 450 Bitcoin (BTC) are minted by miners every day. At current Bitcoin prices of $109,559 as per CoinGecko, that amount is equivalent to around $50 million.

“If that $50 million is bought, then the price has got to move up,” Saylor posited.

The Bitcoin bull further noted that the increasing number of public companies adding Bitcoin to their balance sheets is buying “the entire natural supply.” Saylor’s software intelligence-turned Bitcoin Treasury firm Strategy has amassed 582,000 BTC since it started purchasing in 2020, which is valued at around $63.59 billion, according to Saylor Tracker data.

“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn.”

Notably, Saylor acknowledged that if Bitcoin surges to $500,000 or $1 million, it may be more realistic to expect it to fall by about $200,000 a coin.

Trump Endorsement Another Key Tailwind

According to Saylor, there are enough confirmations in the wider economy to support his all-or-nothing prediction for Bitcoin. “You have all the evidence you need to determine that,” the Strategy co-founder quipped. 

Saylor also pointed out that US President Trump’s backing of Bitcoin and his efforts to create a more friendly regulatory environment will buoy the asset’s uptrend.

Meanwhile, traditional banks have started to leverage this improving regulatory scene to foray into the fast-growing market, as they prepare to provide BTC custody services.

Growing Institutional Bitcoin Adoption

He further pointed out that demand for the scarce asset is going through the roof. For instance, BlackRock and other spot Bitcoin exchange-traded fund (ETF) issuers and nation states are buying up Bitcoin daily. Bilal Bin Saqib, head of Pakistan’s crypto council, recently disclosed that the country is set to create its own United States-esque strategic Bitcoin reserve.

Saylor described the growing demand for Bitcoin as a “digital gold rush,” suggesting the top crypto has “gotten through its riskiest period; the accounting has been corrected.” 

It’s worth mentioning that Saylor is not the only uber-bullish pundit in the crypto market. As ZyCrypto previously reported, asset manager ARK Invest bumped its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030, bolstered mainly by institutional investors and Bitcoin’s growing acceptance as “digital gold.”