Strategy’s Executive Chairman Cites Institutional Demand, Limited Supply, and U.S. Policy Support as Catalysts

Michael Saylor, executive chairman of Strategy and one of the most prominent Bitcoin advocates in the corporate world, has rejected ongoing fears of a potential crypto winter, arguing that Bitcoin (BTC) is on a long-term path toward $1 million per coin.

In an interview with Bloomberg on Tuesday, Saylor declared that the worst is behind for Bitcoin, citing strong macroeconomic tailwinds, limited supply, and expanding institutional participation as key factors.

“Winter is not coming back,” Saylor said. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”

$50 Million in Daily Demand Could Push Prices Up

Saylor pointed to Bitcoin’s daily issuance rate, currently around 450 BTC, as a key driver of upward price pressure. At a market price of approximately $109,859, that equates to about $50 million in new supply daily.

“If that $50 million is bought, then the price has got to move up,” he stated.

He argued that an increasing number of public companies and ETF providers are purchasing “the entire natural supply,” effectively outpacing miner distribution and shrinking available liquidity on the open market.

“At the current price level, it only takes $50 million to turn the entire driveshaft of the crypto economy one turn,” Saylor added.

Strategy Now Holds Over 582,000 BTC

Saylor’s comments come as his firm Strategy has expanded its Bitcoin treasury to 582,000 BTC, valued at approximately $63.85 billion, according to Saylor Tracker.

The firm began purchasing Bitcoin in 2020 and has continued to accumulate the asset consistently, becoming the largest publicly known Bitcoin holder.

Other institutions have also stepped up. BlackRock’s Bitcoin ETF, along with other issuers, has been buying daily, contributing to what Saylor describes as a “structural imbalance” between supply and demand.

No Path to Zero, Only Up or Correction From the Top

While Saylor is highly bullish on Bitcoin, he acknowledged the possibility of corrections — but only after massive upward moves.

“If Bitcoin surges to $500,000 or $1 million, sure, it may crash by $200,000 a coin,” he said. “But that’s a correction from unprecedented highs, not a re-entry into crypto winter.”

Saylor emphasized that Bitcoin’s most uncertain years are over and that the market has matured with improved accounting standards, institutional involvement, and a growing policy framework.

Trump’s Support Adds Policy Tailwinds

Saylor also cited increasing political support for Bitcoin, particularly under U.S. President Donald Trump, who has publicly embraced Bitcoin and, in March, created the Strategic Bitcoin Reserve — a sovereign holding intended to secure the U.S.’s stake in the digital asset space.

Saylor also referenced support from U.S. Treasury Secretary Scott Bessent and SEC Chair Paul Atkins, both of whom have taken more favorable views toward Bitcoin custody and regulation.

“You have all the evidence you need to determine that,” Saylor said, affirming that Bitcoin’s outlook is now backed by economic policy and institutional legitimacy.

Trump’s Tariffs Also Played a Role in Volatility

While Saylor praised Trump’s broader crypto stance, he acknowledged that the president’s tariff policy, introduced in February, may have contributed to short-term volatility, including Bitcoin’s 40% correction from its January peak.

Analysts noted that higher tariffs fueled fears of a slower global economy, prompting traders to reduce exposure to risk assets — including cryptocurrencies.

Bitcoin Accumulation Race: Pakistan, ETFs, and the U.S.

Beyond corporate accumulation, nation-states are also entering the Bitcoin space. On May 28, Bilal Bin Saqib, head of Pakistan’s crypto council, announced that the country is in the process of establishing a strategic Bitcoin reserve.

This raised alarms among U.S. crypto advocates. JAN3 founder Samson Mow told Cointelegraph Magazine that the U.S. risks being front-run by countries like Pakistan if it doesn’t increase its pace of sovereign Bitcoin acquisition.

“If the U.S. doesn’t act fast, others will accumulate at better prices and lead the next monetary cycle,” Mow warned.

ARK Invest Raises Bull Case to $2.4 Million

Saylor’s bullish stance aligns with ARK Invest’s revised Bitcoin price targets. In April, the firm raised its bull case projection from $1.5 million to $2.4 million by 2030, citing increased institutional inflows and Bitcoin’s role as a digital store of value in a macro environment defined by monetary debasement and geopolitical instability.

Conclusion

Michael Saylor’s prediction that Bitcoin could reach $1 million underscores his unwavering belief that the crypto asset has moved beyond the risk of another prolonged bear market. With demand outpacing supply, institutional and government support increasing, and ETF-driven accumulation surging, Saylor believes the long-term direction is clear.

While corrections are inevitable, he argues that the next major move is upward, not downward — and that the world is witnessing the structural monetization of Bitcoin on a global scale.