The Michael Saylor of the Strategy has redoled the fears that a winter in the crypto market will return, suggesting an increase in Bitcoin adoption and forcing the sun -day supply will see it rally to $ 1 million.
“Winter will not return,” Saylor said Bloomberg on Tuesday. “We’ve passed that phase; if Bitcoin doesn’t go to zero, it’s going to $ 1 million.”
Billion-dollar asset manager Ark Invest in April raised the target price of “Bull Case” from $ 1.5 million to $ 2.4 million by the end of 2030.
Sometimes $ 50m in the sun -day -bought -bought, the price should rise
Saylor said approximately 450 Bitcoin (BTC) is available for selling days by Bitcoin miners, which costs a value of nearly $ 50 million at the current price of $ 109,859, According to In coinmarketcap.
“If $ 50 million was purchased, then the price would have to go up,” Saylor said.
He added that the increasing number of public companies that buy bitcoin buy “full natural supply.” Saylor’s firm approach has accumulated 582,000 Bitcoin since it started buying in 2020, worth about $ 63.85 billion, According to In Saylor tracker data.
“At the current price level, it will only take $ 50 million to consume the entire driveshaft of the crypto economy.”
However, Saylor said if Bitcoin had risen to $ 500,000 or $ 1 million, it could be more realistic to estimate it “dropped nearly $ 200,000 a coin.”
Trump and we support crypto another big factor
Saylor said there are sufficient confirmations to the broader economy to back up his all-or-nothing forecast for property. “You have all the evidence you need to determine that,” Saylor said.
He repeated supporting US president Donald Trump of Bitcoin, supported by US treasury secretary Scott Bessent and Securities and Exchange Commission chair Paul Atkins and noted that traditional banks are also preparing to provide services to Bitcoin.
“Bitcoin is obtained by its highest period; accounting has been corrected,” Saylor said.
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While the public supports Trump in Bitcoin, his tariffs in February are widely seen as the main catalyst behind the 40% Bitcoin decline from a high January of $ 109,000.
Saylor also pointed to Blackrock and other Bitcoin Exchange-Traded Fund (ETF) buyers who buy Bitcoin Daily, along with the country’s states that “enter the galaxy.” On May 28, Bilal Bin Saqib, head of Pakistan’s crypto council, announced that the country was moving to establish a strategic bitcoin reserve.
Jan3 founder Samson Mow Recently told Cointelegraph Magazine That the US risk is “front-run of Pakistan” in Bitcoin’s aging if it doesn’t start getting Bitcoin for the strategic Bitcoin reserve, created by Trump in March.
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