Michael Saylor de Strategy has rejected the fears that a winter of the crypto market returns, which suggests that the increased adoption of Bitcoin and the limited daily offer will see it at $ 1 million.
“Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We have exceeded this phase; if Bitcoin does not go to zero, it goes to $ 1 million.”
The director of dollars’ assets, Ark Invest, has noted his Bitcoin “Bull Case” price of $ 1.5 million to $ 2.4 million by the end of 2030.
Once $ 50 million in daily bitcoin is purchased, the price must increase
Saylor said that around 450 Bitcoin (BTC) are available for sale every day by bitcoin minors, a value of around $ 50 million at its current $ 109,859 price, according to CoinmarketCap.
“If these $ 50 million is purchased, the price must increase,” said Saylor.
He added that the growing number of public companies buying Bitcoin buys “the whole of the natural offer”. Saylor’s strategy has accumulated 582,000 Bitcoin since its start of purchase in 2020, which is worth around 63.85 billion dollars, according to Saylor Tracker Data.
“At the current price level, it only takes $ 50 million to transform the entire transmission tree of the cryptographic economy a tour.”
However, Saylor said that if Bitcoin increased $ 500,000 or $ 1 million, it might be more realistic “to crash around $ 200,000 per room.”
Trump and support the crypto another big factor
Saylor said there was enough confirmations in the wider economy to support his forecasts all or nothing for the assets. “You have all the evidence you need to determine this,” said Saylor.
He reiterated support by US President Donald Trump of Bitcoin, supported by the US Treasury Secretary, Scott Bessent and the Chairman of the Securities and Exchange Committee, Paul Atkins, and noted that traditional banks are also preparing to provide Bitcoin guard services.
“Bitcoin has gone through its risky period; the accounting has been corrected,” said Saylor.
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While Trump publicly supported Bitcoin, his prices in February were largely considered to be the key catalyst for 40% Bitcoin decrease compared to its $ 109,000 summit in January.
Saylor also stressed that Blackrock and other suppliers of Bitcoin (ETF) funds, buying Bitcoin daily, as well as the “space” nation states. On May 28, Bilal Bin Saqib, head of Pakistan’s Crypto Council, announced that the country moved to establish a Bitcoin strategic reserve.
Jan3 founder Samson Mow recently told Cointelegraph magazine that American risks were “at the head of Pakistan” on Bitcoin accumulation if he does not start to acquire Bitcoin for his strategic Bitcoin reserve, which Trump created in March.
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