$1M Bitcoin? Saylor Says Winter Is Dead and BTC Is Just Getting Started
The executive chairman of Strategy, Michael Saylor, has shot down the possibility of another crypto winter, predicting Bitcoin could reach $1 million.
Speaking in a Bloomberg interview on June 10, 2025, he dismissed fears of a sustained bear market, strongly asserting that Bitcoin is “not going to zero” but is instead well-positioned for strong long-term growth.
As of June 11, 2025, Bitcoin trades at $109,344, per CoinMarketCap, far below Saylor’s optimistic prediction. His estimate reveals a high level of confidence in the resilience of Bitcoin, backed by growing adoption and institutional investment.
Strategy currently holds 582,000 BTC, valued at approximately $63.63 billion, according to SaylorTracker, making it one of the largest corporate holders of Bitcoin.
Saylor’s massive investment is proof of his confidence in the asset’s future. He referred to changing market dynamics, including banks providing Bitcoin custody services and consistent and daily purchases by ETF providers like BlackRock, as catalysts for price appreciation.
Strategy Bitcoin Holdings (Source: SaylorTracker)
Strategy Bitcoin Portfolio Chart (Source: SaylorTracker)
The wide gap between Bitcoin’s current price and Saylor’s $1 million projection is a testament to the ambitious scope of his outlook.
Tight Supply, Big Demand: The Case for Bitcoin’s Surge
Saylor’s bullish stance is supported by several market trends. Bitcoin’s daily supply from miners is capped at roughly 450 BTC, equivalent to about $49.29 million at current prices, using post-halving rewards yielding 3.125 BTC per block in 144 blocks visible per day.
This limited supply, together with growing demand from institutional and retail investors, could drive prices higher. He also noted declarations from high-profile figures, including US President Donald Trump, Treasury Secretary Scott Bessent, and SEC Chair Paul Atkins, who have expressed pro-crypto opinions, which may further bolster market confidence.
ARK Invest also recently revised its 2030 Bitcoin price target, raising it to $2.4 million, up from $1.5 million, further supporting the optimistic long-term projections, as reported by Ecoinimist. A $1 million Bitcoin price would imply a market cap of approximately $21 trillion.
Achieving such a valuation would require record global adoption and capital inflows, a point analysts have flagged as a challenge.
Challenges of The Saylor Bitcoin Forecast
Bitcoin’s potential rise to $1 million is not without risks. The cryptocurrency has seen high volatility, with past crypto winters in 2018 and 2022 having been marked by steep price declines.
In April 2025, Strategy reportedly revealed it might have to sell Bitcoin to meet financial obligations if prices fell to $10,000, a sign of potential vulnerabilities, according to Ecoinimist.
Saylor’s price predictions have fluctuated over time. In February 2025, he projected Bitcoin could reach $5 million, and in May, he predicted $13 million by 2045, linking it to Strategy’s potential $10 trillion valuation.
