Introduction
In a bold statement on Bloomberg TV on June 10, 2025, Michael Saylor, co-founder and executive chairman of Strategy (formerly MicroStrategy), declared that Bitcoin has passed its most perilous phase. “If Bitcoin’s not going to zero, it’s going to $1 million,” he affirmed, adding confidently that “Winter is not coming back.” His message is clear: for a cryptocurrency that’s endured bear markets, stagnation is off the table—surging is the only direction left to go.
Supply Shock: The Mathematics Behind the Million-Dollar Call
Saylor’s prediction comes from a strict law of supply and demand. In his Bloomberg interview, Saylor stated that only about 450 mined bitcoins enter into the market every day—worth about $50 million at current prices. When institutional buyers absorb that daily flow, the price must respond upward. He painted this scenario as a simple but powerful lever for Bitcoin’s next leg higher.
Institutional Buying: “Entire Natural Supply” Vanishing
Saylor highlighted an emerging trend: publicly traded companies are scooping up Bitcoin in quantities that wipe out natural supply. His own firm, Strategy, has accumulated an impressive 582,000 BTC since 2020—for over $63 billion. A recent SEC filing indicates 1,045 BTC purchased for $110.2 million last week, keeping up with Strategy’s aggressive accumulation. With fewer coins available and more demand, Saylor claims, Bitcoin is perilously close to new highs.
Political Tailwinds: Trump’s Pro-Crypto Stance
Political influencers are lifting Bitcoin up higher and higher. Saylor noted former President Donald Trump’s vocal support of crypto—and existing regulatory appointments—as major support. Notably, Trump signed an executive order establishing the Strategic Bitcoin Reserve – as well as the broader Digital Asset stockpile – back in March. Official acceptance for Bitcoin is crucial legitimacy and strong validation to help jumpstart and fuel growth, similar to banks and ETFs, such as BlackRock, adding their official credibility to an enormous infrastructure of Bitcoin, and laying down the foundation to help grow Bitcoin from informal validity to formal legitimacy.
Strategy’s High-Stakes Bet: Leveraged Exposure via Debt
And Strategy’s clear intention to own Bitcoin isn’t only a strategy to “own” the Bitcoin it’s based on a complicated capital structure to finance purchases; the company has issued zero-coupon convertible notes and Series A preferred stocks. It financed the purchase using the equity and debt capital markets.
Causing excessive financial engineering maximizes returns in a bull market, but introduces risks: if prices suddenly reverse, margin calls or forced liquidations may constrain the company’s shareholders.
A Broader Trend: Bitcoin Treasury Companies on the Rise
Strategy is far from alone. About $11.3 billion has entered the Bitcoin treasuries of corporate entities—from healthcare companies to gaming firms—going according to the Strategy plan—since April 2025. Even Trump Media & Technology Group is starting to raise funds for a $2.5 billion Bitcoin treasury. This trend exponentially increases demand and applies pressure to the Bitcoin’s limited supply.
Bitcoin’s Binary Moment: Zero or $1 Million?
Saylor depicts Bitcoin’s future as binary: after surviving multiple cycles, the collapse to zero is nearly impossible; and long-lingering rates of institutional adoption intolerably compound the alternative future—a rise towards $1048. He does, however, acknowledge that fluctuations in the market—say, $200,000 turbulence if Bitcoin gets too frothy—will be possible but is unlikely to meaningfully affect the inevitable march in the long run.
Conclusion
Michael Saylor’s million-dollar Bitcoin call is not haphazard publicity stunts—it is an intentionally designed thesis built upon immovable scarcity, institutional purchasing pressure, and changing political economy. While Strategy’s leveraged strategy amplifies both reward and risk, the momentum across corporate balance sheets and government policy suggests that Bitcoin is entering its next frontier. Whether it hits seven figures or faces a significant correction, there’s one certainty: the era of crypto winters appears to have ended—forever.