Michael Saylor of the strategy rejected concerns that the cryptocurrency market would return in the winter, suggesting that increased adoption of Bitcoin and daily supply restrictions would see it rally to $1 million.
“The winter is not back,” Seller Tell Bloomberg Tuesday. “We’ve passed the stage; if Bitcoin doesn’t reach zero, it’s going to reach $1 million.”
Billion dollar asset manager Ark Investments April investment raises its “bull case” Bitcoin price target from $1.5 million to By the end of 2030, $2.4 million.
Once you buy $50 million in daily bitcoin, the price must rise
Bitcoin miners can sell about 450 bitcoins (BTC) per day, which is worth about $50 million, and currently priced at $109,859, Saylor says according to Carry out a common market.
“If you buy $50 million, then the price has to go up,” Saylor said.
He added that public companies buying Bitcoin are increasingly buying “the entire natural supply.” Since the start of purchases in 2020, Saylor’s corporate strategy has amassed 582,000 bitcoins worth approximately $63.85 billion according to Saylor tracker data.
“At the current price level, it takes only $50 million to turn the entire drive of the crypto economy.”
But, Saylor said that if Bitcoin soared to $500,000 or $1 million, it might be more realistic to predict that it “falls about $200,000 in coins”.
Another important factor in Trump and our support for cryptocurrencies
Sailer said there is enough confirmation in the broader economy to support his prediction of all or nothing about assets. “You have all the evidence you need to determine this,” Sailer said.
He reiterated U.S. President Donald Trump’s support for Bitcoin, and, with the support of U.S. Treasury Secretary Scott Bessent and SEC Chairman Paul Atkins, noted that traditional banks are also ready to provide Bitcoin custody services.
“Bitcoin has passed its most dangerous period; accounting has been corrected,” Saylor said.
Related: Michael Saylor’s strategy UPS Bitcoin betting, $1B stock
Despite Trump’s public support for Bitcoin, his tariffs in February are widely seen as the main catalyst for a 40% drop in Bitcoin’s January high of $109,000.
Saylor also noted that BlackRock and other Bitcoin Exchange Fund (ETF) providers buy bitcoins every day, as well as countries that “enter the space”. On May 28, Bilal Bin Saqib, head of the Pakistan Crypto Commission, announced that the country was working to build strategic Bitcoin reserves.
Samson Mow, founder of JAN3 Telled Cointelegraph Magazine recently If the United States does not start to acquire Bitcoin for its strategic Bitcoin reserves, then the United States may be “the advance of Pakistan”, which is the strategic Bitcoin reserve created by Trump in March.
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This article does not contain investment advice or advice. Every investment and trading move involves risks and readers should conduct their own research when making decisions.
