Michael Saylor, the founder of MicroStrategy who often makes headlines with his large-scale Bitcoin investments, made striking remarks in an interview with Bloomberg. Saylor stated that the possibility of Bitcoin “going to zero” no longer exists, adding that the market has fully entered a bullish phase and that the bear market has structurally ended. He emphasized that the roughly 450 BTC issued daily is being entirely absorbed by institutional companies and ETFs, creating sustained upward pressure on price. According to him, Bitcoin reaching $1 million is now only a matter of time.
Institutional Demand Consumes Bitcoin Supply
The long-debated “supply-demand balance” in the Bitcoin market has now turned decisively in favor of institutional investors. Saylor’s recent statements confirm this picture. According to him, the approximately 450 BTC mined daily is being systematically purchased by institutional funds, especially spot Bitcoin ETFs.
This is not only a signal of price growth but also an indication that Bitcoin has shifted away from the control of individual speculators and has become an asset shaped by institutional structures. ETFs managed by giants such as Grayscale, BlackRock, Fidelity, and Ark Invest now have the daily capacity to absorb the market’s natural supply.
Saylor summarized this point as follows:
“Supply is fixed, while demand is structurally increasing. Economically, this means the price can only go up.”
On-chain data also supports this thesis. Blockchain analytics show that the number of addresses holding BTC for long periods has reached record highs, indicating an even tighter supply. This suggests that upward price pressure may prove lasting.
MicroStrategy’s Massive Bitcoin Investment Continues
As one of Bitcoin’s biggest institutional advocates, MicroStrategy continues its purchases without pause. At the end of May, the company announced that it had bought an additional 1,045 Bitcoin, bringing its total holdings to 582,000 BTC. At current prices, this represents a portfolio of about $60 billion.
Founder and chairman Michael Saylor has repeatedly emphasized that these purchases are not just an investment but part of a long-term strategy. For him, Bitcoin is the safest way to protect corporate reserves against inflation and to allocate capital globally in the most efficient manner.
Beyond acquisitions, MicroStrategy is also expanding its strategy by developing new Bitcoin-backed financial instruments. The company’s recently announced special stock classes—STRIKE, STRIDE, and STRIFE—are supported by Bitcoin-backed debt products that finance additional purchases. These instruments allow MicroStrategy both to raise investment capital and to secure financing for new acquisitions.
This model has been described in the market as a “corporate leveraged growth strategy.” While it has faced criticism, so far MicroStrategy’s moves have had a positive impact on Bitcoin’s price. Investors and analysts, however, are watching closely to see whether such aggressive strategies can remain sustainable.
Saylor: Bitcoin Will Reach $1 Million, But Corrections May Occur
One of Saylor’s most headline-grabbing statements concerned Bitcoin’s long-term price target. Speaking to Bloomberg, Saylor said Bitcoin no longer faces any possibility of going to zero, declaring: “If an asset isn’t going to zero, then it’s going to $1 million.”
This is not only a price prediction but also a reflection of confidence in Bitcoin’s growing maturity. In Saylor’s view, with its strengthened technological fundamentals and institutional adoption, BTC has gone beyond the notion of “digital gold” to become a global store of value.
Still, he was clear that the path will not be linear. Acknowledging Bitcoin’s volatility, Saylor warned that corrections of $100,000 or even $200,000 could occur on the way to $1 million.
“This market never moves in a straight line. But the direction is clear. Every dip is an opportunity for long-term investors,” he said.
These remarks serve both as encouragement and caution for investors. According to Saylor, while Bitcoin could reach much higher levels in the future, the journey will require patience and discipline. Short-term traders, in particular, should be prepared for sharp price swings.
Growing Political Support for Bitcoin in the U.S.
Political attitudes toward Bitcoin in the United States are undergoing a significant shift. As Saylor often points out, this transformation has become more visible in recent months. Many Republican politicians, including President Donald Trump, have openly taken a pro-Bitcoin stance.
During his campaign, Trump declared that Bitcoin was an important tool for the economic freedom of American citizens. Meanwhile, the SEC’s previously strict position has softened, as seen in the approval of spot ETFs and new regulatory frameworks.
Saylor views this not just as a political preference but as an economic necessity. For the U.S. to maintain leadership in financial innovation and preserve the dollar’s reserve currency status in the digital age, he argues, it must adopt a more open policy toward decentralized assets like Bitcoin.
Institutions such as Fidelity and BlackRock offering crypto custody services further illustrate that political and institutional changes are moving in parallel. Bitcoin is no longer seen only as a technology or investment tool but increasingly as a geopolitical strategy asset.
If these developments continue, Bitcoin’s institutionalization and its acceptance as a safe asset class could accelerate.
What Experts Say: Bitcoin Scenarios for 2025
Saylor’s claim that “Bitcoin will reach $1 million” sparked wide debate in the markets. Whether this ambitious target materializes will depend on both macroeconomic conditions and market dynamics. Experts present highly different scenarios for 2025 and beyond.
Some analysts agree with Saylor’s view, arguing that the supply-demand balance is indeed shifting in line with his thesis and that institutional buying supports prices. The approval of spot ETFs, which makes Bitcoin more accessible to traditional investors, further strengthens this argument. With limited supply and rising demand, prices may continue to climb.
Others, however, take a more cautious stance. They note that while the $1 million target is theoretically possible, predicting when it will happen is extremely difficult. They highlight that the market remains speculative, regulations remain uncertain globally, and macroeconomic fluctuations can heavily impact Bitcoin’s price.
Crypto analyst Noelle Acheson put it this way: “For Bitcoin to reach $1 million, it will require not only financial but also political and societal transformation.” At the same time, some warn that such lofty price targets risk fueling unrealistic expectations and emotional decision-making among investors.
For that reason, experts advise individual investors to focus not on predictions but on long-term strategies, portfolio balance, and risk management.
Heading into 2025, possible scenarios include:
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Bitcoin stabilizing above $100,000,
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Regaining momentum during a period of global economic expansion,
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Facing short-term setbacks due to regulatory pressures.
In conclusion, while the $1 million target is exciting, there is still no clear timeline for when or how it might be reached. As the market matures, more definitive answers to these questions are expected to emerge.
