Bitcoin to $1M? – Michael Saylor dismisses crypto winter claims

• Saylor predicts Bitcoin’s price will surge, driven by limited supply and rising demand.
• Regulatory shifts and institutional adoption mark a new bullish era for Bitcoin.

Despite 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.

In a recent appearance on Bloomberg, Saylor stated, 

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 current prices.

He further added, 

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