Michael Saylor Optimistic Bitcoin Will Reach US$1 Million, Denies Concerns About Crypto Winter

Executive Chairman Strategy Michael Saylor dismissed concerns about the return of the crypto winter and is confident that Bitcoin (BTC) will rise to US$1 million due to increasing adoption. He stated that winter will not return if Bitcoin does not go to zero, then it will go to US$1 million.
"The winter (crypto winter) will not return, we've passed that phase, if Bitcoin does not go to zero, then it's heading towards US$1 million," he told Bloomberg on Tuesday (10/06).
Saylor explained that only about 450 BTC are sold each day by miners, worth around US$50 million, and this entire supply is almost always bought by companies accumulating Bitcoin. The strategy itself has accumulated 580,000 BTC or worth US$64 billion.
However, if Bitcoin rises to US$500 thousand or US$1 million, a major correction is likely to occur, for example, it could drop around US$200 thousand. However, Saylor is confident that there is enough economic evidence to support his bullish prediction.
Saylor also highlighted the support of figures such as US President Donald Trump, Treasury Secretary Scott Bessent, and SEC Chairman Paul Atkins, as well as the role of traditional banks that are beginning to provide Bitcoin custody services.
In addition, the purchase of Bitcoin by BlackRock, the provider of Exchange-Traded Fund (ETF), and countries like Pakistan that are starting to build Bitcoin reserves, reinforces the positive outlook for this asset.
As information, the crypto winter is a sluggish period in the crypto market, marked by a sharp decline in the prices of digital assets, minimal trading activity, and a decrease in investor interest. This period reflects the overall lethargy of the industry, as seen after the peak crypto prices at the end of 2021 until 2023.