Michael Saylor "The bearish market will not return to Bitcoin" with a prediction of reaching 140 million yen.

"Bearish market will never return"

Michael Saylor, the chairman of Strategy, the largest holder of Bitcoin (BTC) (formerly MicroStrategy), asserted on the 11th during a Bloomberg TV program that "the bearish market will never return." He reiterated his bullish prediction that "Bitcoin will not go to zero and will reach 1 million dollars."

Mr. Sailor cited the U.S. government's supportive stance on cryptocurrencies as a basis. He pointed out that President Trump himself, Treasury Secretary Scott, and SEC Chairman nominee Paul Atkins are supporting Bitcoin.

It was mentioned that changes in market structure are also one of the factors. The current mining supply is only 450 BTC (approximately 7.2 billion yen) per day. Analysis shows that strategic purchases by ETFs and companies like BlackRock are surpassing this natural supply.

He has made bold price predictions in the past as well. At the Digital Asset Summit in March, he predicted that it would reach "13 million dollars (1.88 billion yen) in 20 years." He positioned Bitcoin as digital gold and discussed the potential for growth to a market size of 200 trillion dollars, which is ten times that of the gold market.

MicroStrategy boasts the largest Bitcoin holdings (over 9 trillion yen) as a company. Mr. Saylor's recent remarks reaffirm the traditional bullish stance, with limited surprise elements.

Bitcoin Investment Data | April to June 2025