TL;DR
- Michael Saylor says the era of crypto winters is over and Bitcoin is now on a clear path toward $1 million, driven by scarce supply and growing institutional demand.
- Major corporations and governments are already adopting it as a strategic asset.
- The potential approval of new ETFs could further accelerate this momentum in the coming months.
Michael Saylor, executive chairman of MicroStrategy, has once again expressed strong confidence in Bitcoin, this time declaring that the dreaded crypto winters are a thing of the past. In a recent Bloomberg interview, he claimed that Bitcoin has reached a point of no return thanks to its limited daily issuance and a growing and persistent wave of institutional demand.
Currently, only 450 BTC are mined each day, a number that, according to Saylor, is already being completely absorbed by institutional investors, public companies, and exchange-traded funds (ETFs). In his view, this ongoing buying pressure against such a limited supply can only push the price upward. MicroStrategy, for example, has accumulated over 582,000 BTC since 2020, a position now valued at over $63 billion.
Political And Institutional Support Sets a New Direction
Saylor also pointed to how key political figures, including Donald Trump and several top financial leaders in the United States, have started openly supporting Bitcoin. Trump even promoted the creation of a Strategic Bitcoin Reserve in March, positioning the United States in a potential geoeconomic race with other countries like Pakistan, which is now considering forming its own strategic BTC reserve.
Additionally, major financial institutions are making progress toward offering Bitcoin custody services, a sign that the traditional banking system is rapidly integrating this technology. The involvement of giants like BlackRock in launching Bitcoin ETFs only reinforces this deep structural shift in the global and modern financial ecosystem.
Altcoin ETF Summer Could Be Approaching
Meanwhile, Bloomberg analysts report that the U.S. Securities and Exchange Commission (SEC) may be close to approving a new wave of crypto ETFs by July, potentially marking the start of an “altcoin ETF summer.” Firms like Grayscale and Bitwise have already submitted proposals for products tied to Solana, XRP, and staking-based protocols. The SEC has reportedly requested updates to Solana ETF filings, signaling progress in ongoing regulatory discussions.
Saylor believes all of these factors combined make the outlook for Bitcoin more favorable than ever. For him, serious setbacks no longer make sense.
“Winter is not coming back,” he said with conviction.
