Michael Saylor, Executive Chairman of MicroStrategy, predicts that Bitcoin could reach $1 million, noting that a new bear market is unlikely.
Michael Saylor's Predictions on Bitcoin
In June 2025, Michael Saylor predicted on Bloomberg that Bitcoin would rise to $1 million, dismissing the likelihood of a new bear market. He stated, "Winter is not coming back... We're past that phase; if Bitcoin’s not going to zero, it’s going to $1 million."
Impact of Institutional Investments
Saylor argues that institutional demand significantly exceeds Bitcoin's mining supply. MicroStrategy holds 582,000 BTC, worth about $63.85 billion, making it a significant market force. With only 450 BTC mined daily, increased institutional demand inherently pushes prices higher.
Market Implications for Bitcoin
Analysts highlight that Saylor’s claims of limited supply driving market prices may reflect potential fundamental changes in Bitcoin's demand-supply dynamics. Historical contrasts with previous bear markets suggest a redefined investor landscape, particularly through institutional lenses.
Based on an assumption of increased institutional interest and persistent supply-demand imbalances, Saylor forecasts that these dynamics will shape future regulatory discussions and market evolution.
