Michael Saylor, executive chairman of MicroStrategy, believes Bitcoin is on a long-term path to unprecedented highs, predicting it could eventually reach $1 million per coin.
In a recent interview with Bloomberg, Saylor said the era of extreme volatility for Bitcoin is fading, replaced by a more stable ascent fueled by institutional demand and political support. “The bear cycles are behind us,” he stated. “Bitcoin’s not collapsing—it’s maturing.”
His conviction stems from growing backing at the highest levels of U.S. leadership. According to Saylor, key figures across the White House, Treasury, SEC, and CFTC are signaling a favorable stance toward Bitcoin, with banks now preparing to offer custody services.
On the supply side, he pointed to a crucial dynamic: only around 450 BTC are mined daily—roughly $50 million at current prices. With such limited new supply and demand accelerating, Saylor argues that prices must rise to meet buyers’ appetite.
In his view, Bitcoin is transitioning from a speculative asset to a strategic one, and the market is only beginning to reflect that shift.
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