Michael Saylor doesn’t believe in crypto winters anymore. He says Bitcoin is past that era, and from here, the only real direction left is up.
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Saylor told Bloomberg, “Winter is not coming back. We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”
Saylor, whose firm Strategy (MSTR) holds 582,000 Bitcoin worth over $63 billion, isn’t hedging. He’s positioning.
Saylor Says It Only Takes $50M a Day to Move Bitcoin Up
According to Saylor, Bitcoin’s daily new supply is about 450 coins, roughly $50 million worth. That’s all it takes to soak up the available issuance.
He explained that “if that $50 million is bought, then the price has got to move up.”
He claims this is already happening, pointing to public companies, ETFs, and even nation states beginning to accumulate. That buying pressure, he argues, is absorbing the entire natural float.
At current levels, he added, “it only takes $50 million to turn the entire driveshaft of the crypto economy one turn.”
Bitcoin’s Institutional Era Is Here
Saylor believes the largest risks are behind Bitcoin. He points to U.S. policy shifts and a new tone from Washington. Trump has voiced support for Bitcoin. Treasury Secretary Scott Bessent and SEC Chair Paul Atkins have echoed that sentiment. And the Strategic Bitcoin Reserve, launched by Trump in March, gives Saylor more fuel for his thesis.
He said Bitcoin “has gotten through its riskiest period; the accounting has been corrected.”
ETF inflows from firms like BlackRock continue daily. Foreign governments are joining in. On May 28, Pakistan’s crypto council announced the country is preparing to build a national Bitcoin reserve.
No Room Left for Fear, But Bitcoin Crashes Are Still Possible
Saylor is confident that Bitcoin’s trajectory is long-term and upward. But he’s not pretending the path will be smooth. If Bitcoin does hit $1 million, he admits, there could be volatility at the top.
He told Bloomberg that “if it goes to $500,000 or $1 million, maybe it crashes down by about $200,000 a coin.” Still, in his eyes, that’s not a flaw—that’s just what exponential assets do.
At the time of writing, Bitcoin is sitting at $110,075.83.
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