Michael Saylor predicts Bitcoin will reach 1 million dollars after the price rises to the sky.

Bitcoin supporter and Executive Chairman of Strategy, Michael Saylor, has drawn attention after making an extremely optimistic prediction about the future of Bitcoin. According to a statement shared on his official X account, Saylor stated that if Bitcoin does not head towards 0, it will reach 1 million dollars per coin. This comment follows the strong recovery of the Bitcoin market, after the asset recovered 2.35 percent. Just a few hours earlier, Bitcoin had dropped 4.33 percent, falling from $108,350 to $103,660. The rapid recovery has boosted renewed confidence from investors and long-term institutions. Adam Livingston, the author of Bitcoin Age, responded to Saylor's post by stating that he hopes Bitcoin will reach $13 million by 2045. In a similar tone, the CEO of BlockStream and an early supporter of Bitcoin, Adam Back, mentioned the limit order placed earlier to buy all 21 million BTC at two cents per order. This order, which was canceled many years ago, symbolizes a strong belief in the long-term value of Bitcoin. Large Bitcoin transactions raise speculation about institutional moves. Meanwhile, on-chain data shared by a CryptoQuant analyst shows that 8,000 Bitcoin aged between three to five years have been moved. These assets were transferred from Coinbase Custody, a service primarily used by institutional clients. The analyst notes that this move may be related to a strategy or allocation of spot ETF. Despite this large transfer, analysts suggest that buying Bitcoin from Strategy funds or ETFs may be paused. Recently, Strategy purchased 1,045 BTC worth $110.02 million, bringing its total holdings to 582,000 BTC. The company's Bitcoin portfolio is currently valued at approximately $63.85 billion and has yielded 17.1 percent as of now in 2025. The larger market also witnessed high volatility, with more than 415 million dollars in long positions liquidated in a single trading session. In contrast, only 28.69 million dollars worth of short positions were liquidated, indicating a significant imbalance in market sentiment. The decline in Bitcoin's price is due to increasing military and geopolitical tensions in the Middle East. However, the rapid recovery and public support from figures like Saylor continue to drive further price increases.