Bitcoin to $1M? – Michael Saylor dismisses crypto winter claimsDespite rising concerns over a potential downturn in the crypto market, Michael Saylor, Executive Chairman of MicroStrategy, remains unfazed.

Brushing off talks of an impending crypto winter, Saylor has reaffirmed his confidence in Bitcoin [BTC]’s long-term prospects.

This comes at a time when Bitcoin’s supply dynamics are shifting and institutional interest is on the rise.

Highlighting the scarcity factor, Saylor noted that only about 450 BTC enter the market daily through miners, an amount valued at nearly $50 million based on Saylor emphasized that public companies are increasingly absorbing the full daily supply of newly mined Bitcoin, leaving little room for broader market availability.

He also pointed out that MicroStrategy alone has amassed an impressive 582,000 BTC since initiating its buying strategy in 2020, an investment now valued at nearly

In a recent appearance on Bloomberg, Saylor stated, points to a changing tide in leadership, with pro-crypto figures like new SEC Chair Paul Atkins and the incoming CFTC head aligning with the White House’s growing support for digital assets.

Adding to this momentum, major financial institutions are beginning to roll out Bitcoin custody solutions for clients, a sign of deepening market maturity.

According to Saylor, Bitcoin has already weathered its toughest phase under strict regulatory scrutiny.

Supporting the broader bullish sentiment, data from IntoTheBlock shows that an overwhelming 97.59% of Bitcoin holders are currently in profit, with their holdings valued above their initial purchase price.

Interestingly, no significant percentage of holders were found to be “out of the money,” reinforcing the market’s strong upward momentum.

Now, with lawmakers in Washington pushing forward new legislation—including a proposal to create a Strategic Bitcoin Reserve—the case for Bitcoin’s continued rise appears even stronger.