Michael Saylor Shrugs Off Crypto Winter, Eyes $1M BTC
Strategy’s Michael Saylor has rebuffed fears that a crypto market winter will return, suggesting Bitcoin’s increased adoption and constrained daily supply will see it rally to $1 million.
“Winter is not coming back,” Saylor told Bloomberg on Tuesday. “We’re past that phase; if Bitcoin’s not going to zero, it’s going to $1 million.”
Billion-dollar asset manager ARK Invest in April raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030.
Once $50M in daily Bitcoin is bought, the price must rise
Saylor said that approximately 450 Bitcoin (BTC) are available for sale each day by Bitcoin miners, amounting to a value of roughly $50 million at its current price of $109,859, according to…
