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.
While altcoins are enjoying a strong performance across markets, it is Bitcoin that continues to dominate crypto social media chatter, according to a July 3 report by on-chain analytics firm Santiment.
BitMEX co-founder Arthur Hayes has issued a cautious outlook for Bitcoin and the broader crypto market, predicting a possible short-term downturn as the U.S. government shifts its liquidity strategy.
Bitcoin’s bullish undercurrent continues to strengthen as on-chain data and derivatives market behavior reveal aggressive accumulation from long-term holders and whales.
As institutional adoption of Bitcoin accelerates, U.S. asset management giant Franklin Templeton has issued a cautionary note on the growing trend of crypto-based treasury strategies.