Michael Saylor from Strategy says there is strong evidence that Bitcoin (BTC) won’t experience another crypto winter soon. He dismissed worries about a market downturn, noting that more people are using Bitcoin and its daily supply is limited. This, he believes, will push its value to $1 million.
‘Winter is not coming back. We’ve moved past that; if Bitcoin doesn’t drop to zero, it will reach $1 million’, Saylor said. In April 2025, ARK Invest raised its high-end Bitcoin price forecast from $1.5 million to $2.4 million by 2030.
Saylor noted that around 450 Bitcoin (BTC) are sold daily by miners, totalling about $50 million at the current price of $109,859, based on CoinMarketCap. He mentioned that if that $50 million is bought, the price must rise, to which players of crypto online casinos also agree.
Additionally, he pointed out that more public companies are buying Bitcoin, taking up ‘the whole natural supply’. Since 2020, Saylor’s firm, Strategy, has gathered 582,000 Bitcoin, valued at about $63.85 billion, according to Saylor Tracker data.
Saylor suggested that if Bitcoin rises to $500,000 or $1 million, a drop of about $200,000 per coin might be more likely. He indicated that there are enough signs in the broader economy to support his bold view on the asset.
He also pointed out that former President Donald Trump supports Bitcoin, along with Treasury Secretary Scott Bessent and SEC chair Paul Atkins. Saylor noted that many traditional banks are preparing to offer Bitcoin custody services.
He mentioned that Bitcoin has passed its most risky phase and that the accounting issues have been fixed. Though Trump has shown support for Bitcoin, his tariffs in February were viewed as a major reason for Bitcoin’s 40% drop from its January peak of $109,000.
Saylor highlighted that BlackRock and other Bitcoin ETF providers are purchasing Bitcoin each day, along with countries starting to enter the market. On May 28, Bilal Bin Saqib, who leads Pakistan’s crypto council, stated that the country is working on creating a strategic Bitcoin reserve.
BTC market holds steady
Bitcoin (BTC) and the crypto market held steady on June 11, 2025, as the US Consumer Price Index (CPI) for May increased to 2.4%, which was below the expected 2.5%. This news followed Trump’s announcement of a trade deal with China, where he mentioned working closely with President Xi Jinping to improve trade ties.
The US Bureau of Labour Statistics (BLS) reported that both the headline and core CPI rose by 0.1% month-over-month, falling short of estimates of 0.2% and 0.3%, respectively. Yearly headline CPI went up to 2.4% from 2.3% last month, not reaching the expected 2.5%.
Core CPI also rose to 2.8% in May, matching April’s rise but lower than the anticipated 2.9%. This inflation increase may affect the Fed’s decision next week, with traders already expecting a rate cut by September.
Policymakers are currently taking a wait-and-see stance on the economic outlook. Chicago Fed President Austan Goolsbee mentioned the need to assess whether tariffs will significantly affect inflation before making any policy changes.
Meanwhile, Trump has reiterated his call for the Fed to cut rates by 100 basis points, stressing the importance of this move. In a post on Truth Social, Trump shared that the recent CPI numbers are favourable and suggested that a one-point rate cut would reduce interest on debt, surprising many, including some players of crypto online casinos.