Michael Saylor rejects crypto winter fears, says Bitcoin ‘going to $1M’

[Oshosondy]

When I read the news, he said unlikely, which is what we need to interpret the news as. I do not know why some headlines can be more affirmative than the news content.

https://coinstats.app/news/2498f6a5b986cf6c70d5c52916a9cce4133f6ee81d0e6270a7d50d4fd3ca1ae3_-Michael-Saylor-rejects-crypto-winter-fears-says-Bitcoin-going-to-1M-/

But let us discuss about this. I have seen some people on this forum saying something like this also. I think there can still be winter but bitcoin will not fall really much but the winner will still come.

What do you think?

[Yaunfitda]

What do you think?

We are still going to see that 4 year cycle, which means that there will be crypto winter after this year. This has been true for the last 3-4 halvings and even though there are thoughts of like super cycle or like what Saylor says, that there will be no crypto winter, we haven't seen that happened in the past. So as much as we love Saylor as he was one of the most influential Bitcoin individual, I might have to disagree with him. And if we go with this narrative and if by chance it didn't happen, then what will be the result? Most of us will be disappointed. So it's really good to shut it down as early as today so that no one will rely on this kind of mindset and then later regret it. The morals is that we should be conservative and let the natural flow of the market (and it's bear market next), instead of them clinging to the believed that there will be no crypto winters in the future.

[EarnOnVictor]

What do you think?

I've thought of this several times on my own. I think Bitcoin will eliminate the popular cycle, where it usually slips into the bearish season at a time before turning bullish again after over a year.

With the present hype and wide acceptability, especially when it's no longer about the whales only, but institutional participation and other big private names. For this, Bitcoin may not witness such a long-term sell again, and this is a plus for it to be relentless in buying more and climb higher heights quicker.

[peter0425]

What do you think?

We are still going to see that 4 year cycle, which means that there will be crypto winter after this year. This has been true for the last 3-4 halvings and even though there are thoughts of like super cycle or like what Saylor says, that there will be no crypto winter, we haven't seen that happened in the past.

People always talk about this supercycle and every time people say This is it! This is the supercycle. It will happen this time around.. and then it doesn't. This is not the first time someone has brought up the concept of supercycle and most definitely not the last. But I do wonder when will people get tired of assuming that every cycle is the supercycle? Until they get it right???

Michael Saylor has been saying positive things about bitcoin a lot and sometimes it might even sound a little too optimistic at times.

[Alpha Marine]

Billion-dollar asset manager ARK Invest in April raised its “bull case” Bitcoin price target from $1.5 million to $2.4 million by the end of 2030.

I am more interested in this part. If this means what I think it means, then I do not agree with it.
I am bullish about bitcoin in the next 4 years, but not this bullish. I don't expect BTC to reach $1 million in the next 4, not to mention $2 million.
Except things change, I expect bitcoin price to have a lot of hiccups along the way, and since the world we live in hasn't changed, I don't think this time around will be different. I know BTC will get to a million one day, but not in 4 years.
There are going to be dips, there are going to be bear markets, and there are going to be price resistance. Big corporations and government adoption won't change this. So all things considered, it's a long journey from where it is not to over $1 million.

[YOSHIE]

What do you think?

I wonder what we expect from Michael Saylor, even though he is a famous businessman but Bitcoin cannot be set by Michael Saylor, even though he has an intelligence company The business that we now know that the company is investing in Bitcoin on a large scale, does not mean Bitcoin will happen as he said.

I understand that Michael Saylor easily wrote speculation about Bitcoin while he, he won him a writer.

Michael Saylor's speculation at a glance that makes no sense.
1. Michael Saylor on $13M Bitcoin Forecast: ‘I’m Getting More Bullish’
2. Strategy's Michael Saylor Says Bitcoin Will Grow at 30% Per Year for the Next 20 Years. Could He Be Right?
3. Here’s Bitcoin Price if It Hits $500T as Michael Saylor Predicted
4. Michael Saylor’s $2.1B Bitcoin Bet Could Propel Strategy (MSTR) to a $10 Trillion Valuation

In addition to speculation Michael Saylor the price of Bitcoin can reach $ 1 million in the near future, a lot of other speculations that he predicts, indeed the rich and a lot of money is free to talk anything, Whether it's for popularity, sensation or so on, which in essence has not been proven to shake the price of Bitcoin alone, he is only a lot of speculation writing and predictions.

[Free Market Capitalist]

Michael Saylor's speculation at a glance that makes no sense.
1. Michael Saylor on $13M Bitcoin Forecast: ‘I’m Getting More Bullish’
2. Strategy's Michael Saylor Says Bitcoin Will Grow at 30% Per Year for the Next 20 Years. Could He Be Right?
3. Here’s Bitcoin Price if It Hits $500T as Michael Saylor Predicted
4. Michael Saylor’s $2.1B Bitcoin Bet Could Propel Strategy (MSTR) to a $10 Trillion Valuation

It makes perfect sense. The one who doesn't understand anything is you.

Going to the specific point of crypto winter I see quite a lot of sense in it. Institutional adoption is growing every week, so by the time crypto winter is supposed to come, companies will be buying a lot more than the 450 bitcoins that are mined per day. In fact they are already doing so, and it is growing all the time.

[hyudien]

What do you think?

Interesting how this guy has been speculating a lot about bitcoin future price, I won't say I disagree because 1 million is still easily achievable for bitcoin but no one knows when exactly and I agree for winter I still assume it will happen. Anyway this is just speculation and everyone is entitled to say whatever is on their mind.

[EL MOHA]

Interesting how this guy has been speculating a lot about bitcoin future price, I won't say I disagree because 1 million is still easily achievable for bitcoin but no one knows when exactly and I agree for winter I still assume it will happen. Anyway this is just speculation and everyone is entitled to say whatever is on their mind.

Bitcoin to $1M is definitely certain base on the bitcoin historical trend, this is simply saying bitcoin will be doing a 10x and I don’t find this outrageous because with the current inflows coming from institutions and the current government restrictions been lifted or reduced the adoption will mostly increase the demand and push bitcoin up there, the only problem I have with this prediction is the timing which he predicts to happen around 2030 which is after next halving and to me it is not realistic with the reduction of the bitcoin volatility to actually achieve 10x in this short period time.

As for the winter I think what Saylor is looking at while addressing the question is that winter is when bitcoin hits way too dip and that’s why he said it is not going to zero meaning he capped winter as bitcoin going to zero and see all other dips as just corrections and in that perspective he is true. Also I don’t understand why people think he should be fudding his own bag by call in for winter

[STT]

Winter and summer are both necessary would be the balanced response.   I dont think I'm reading anything different to normal which is everyone wants the price to go up and is amazed when it falls over one day, its a shock every time somehow.  Maybe memory cells dont last past 4 years or something but the stories that come out are part of the hype to justify the gains, who would want to choose a lower price really but eventually the market makes it happen anyhow.
   Winter follows summer as surely as can be its only a case of who can handle that cycle or not,  I reckon the peak is much higher then here anyway.

[passwordnow]

But let us discuss about this. I have seen some people on this forum saying something like this also. I think there can still be winter but bitcoin will not fall really much but the winner will still come.

What do you think?

I reckon. On 2022 which should be the crypto winter or bear market, it didn't do that much fear for me. While in paper and percentage, it's around 77% -cmiiw because from the ATH of $69k, down to $16k on the last month of that year until the first day of 2023. But if it's with the pricing, it's still quite high for those who have mostly entered early. And it might be hurtful to watch it if the same percentage drop will happen but I think it's most likely not gonna happen. If we'll based on that history, $25k is going to be the next all time low. But the trend is changing and we've got better narratives today, so I don't think that we'll fall that much. Maybe by half or even 30% but if not, much better and let's shoot the $1M trajectory.

[JeffBrad12]

A man gotta shill for his bag, but in this case, I agree with him.
We're possibly past that time where bearish cycle exist. Institutional's big money move the market and passive investor is increasing.
This cycle could be bitcoin's supercycle if everything is going well, $1m is not a wishful thinking.
If the like of strategy and others keep buying BTC, what's stopping it from keep going up? retailers who are taking profit too early are the one who gonna missing out.
Stars aligned for bitcoin with the brewing regulation that seems to be in favour of BTC as well as corporations hoarding BTC.

[Marvell1]

The stock market also has a period called “winter” but there is a slight difference between the winter of stocks and crypto. Stocks are less harsh and extreme, they don't get dumped by 70-80% and they don't follow cycles like crypto. Winter can last for months or years (not fixed), depending on the world economic situation.


Likewise, with the involvement of Wall Street, governments, institutions…things are changing dramatically, so crypto winter may no longer be true. Instead, bitcoin will have a new journey and I think it will probably behave like the stock market. As you said, "winter" is still here but it won't be dumped like in old cycles.

[cryptomaniac_xxx]

A man gotta shill for his bag, but in this case, I agree with him.
We're possibly past that time where bearish cycle exist. Institutional's big money move the market and passive investor is increasing.
This cycle could be bitcoin's supercycle if everything is going well, $1m is not a wishful thinking.
If the like of strategy and others keep buying BTC, what's stopping it from keep going up? retailers who are taking profit too early are the one who gonna missing out.
Stars aligned for bitcoin with the brewing regulation that seems to be in favour of BTC as well as corporations hoarding BTC.

But the thing is that we haven't seen this happened, that is, there are no bear market and no crypto winter. If this has precedent, I might have to believed in him, but past history will have to tell us something.

And we won't have to get that huge profit and buy in the dip if there are no bear market. And that is the positive outcome of it, as in the bear market, Bitcoin is cheap and then we will have a field day accumulating as much as we can and then wait for the bull run again and then make a lot of money, a huge ROI for our DCA. That has always been case, not unless there is big change in the pattern, but I high doubt it.

[EluguHcman]

What do you think?

First I am applauding Michael Sailor for it accumulating strategy and the aggressive buying of Bitcoin because it has offered investors a wall to lean on with the Bitcoin market flowing on valuable volume.
But do we really have to credit every inputs he speculates on Bitcoin? I am sure not because since our financial inflows differs, so also is how our investment sentiments maybe.

He (Michael Sailor) rebuffing that Bitcoin winter is not coming back sounds like Bitcoin price will keeping surging rapidly while it peaks to $1.5M to $2.4M  in the next market cycle coming 2030. What a wow if only Investors could afford to buy a Bitcoin worth of $50M daily if follows the price of $109K.

Interestingly outlined that institutional companies and the purported US buying of Bitcoins for it national reserve funds could be key words to realize this consistent uptrending speculations which I believe if these whalers are truly dedicated as like that or the Microstrategy, I am sure there will be no going back to Bitcoin price as the purporting that Bitcoin may fall back to zero.

However, as much as I know, this is a decentralized market and anyone is entitled to give it thought or like to assume/predicts the future effect of Bitcoin price but then, I am on the subjective that whether Bitcoin winter coming or not, volatility remains an akin to evaluate the price of Bitcoin but I I disagrees that Bitcoin will fall back to $0 even though we don't see that analytical buying of Bitcoin on the regular bases according to Michael Sailor.

Perhaps there is a multi bullion $ already invested in the market chain by Investors and hodlers. So I wonder what would thrive the 100% decline that is to return the price to a $0.

[cabron]

I doubt it will go $1M in this bull run. But It may go way higher than we expect if things go well.  Saylor had bet all his cards to Bitcoin he'd say any thing to make new investors come to crypto. But investors are also aware things could go down in bear market which its the one they expect to come after the bull season.

Anyhow, I'd like to see Bitcoin to be $1M in this bull season if it can make it there. I'm sure before it reaches that high a lot of sellers will dump it already.

[LogitechMouse]

---
But let us discuss about this. I have seen some people on this forum saying something like this also. I think there can still be winter but bitcoin will not fall really much but the winner will still come.

What do you think?

It might, or it might not. After all, this is the first time that we saw these companies aggressively buying Bitcoin. We haven't seen this happen during the 2017 and 2021 bull run so... let's see what will happen during the bear market.

I'll assume that the crypto winter = bear market, and if that's the case, I disagree with what he said that there will be no crypto winter at all. We know that markets move in cycles and at some point, there will be investors that will sell the assets that they're holding in order to take some profits hence, pushing the price lower. The only question now is, how low will it be especially now that huge institutions are already buying as well, and it isn't only retail investors that are buying anymore. Will they have an effect on how low Bitcoin can be? Will we not see Bitcoin's price going down as low as 70%-75% just like what happened in the 2022 bear market year?

I doubt it will go $1M in this bull run.
---

Let's not forget that Saylor didn't specified that it will reach that price in "THIS" bull run. Kindly read the article if you have some spare time. It's a bold statement which for us, we know will happen. It's only a matter of when it will be.

[pooya87]

If by "crypto winter" we are talking about a long period of time (like entire 2018) when price keeps going lower and lower every month, then that is highly unlikely because for Bitcoin to go through something like that, it first has to have a bull market (crypto summer? LOL) like 2017 to keep going higher and higher for a long period of time. We have not had anything like that. All we had was smaller rises and price is currently only slightly above the previous ATH (~40%) while in 2017 the ATH was 1500% higher than previous ATH.

The only way that trend can be broken is if the global economy suffers an unexpected but massive recession. Something like what happened after COVID pandemic or after RU-NATO war began. Other than that, when we are in normal circumstances with the current level of recession, price can still go up slowly.
However, I believe in the "slow" rise part which means $1 million is far away at this point. The reason is as I said: recession.

[Shishir99]

What do you think?

It's not like the crypto winter won't come. The crypto winter might be there, and Saylor knows it. But by rejecting the crypto winter fear, he wanted to show how confident he is in the Bitcoin price. I recall that a few more people have said similar things in the past. Those were just jokes that people don't understand well. They think those people are crazy.

I believe the bear market will be there eventually, but I am pretty confident the market will continue to grow even after the bear market. Bitcoin doing pretty well, but I am concerned about the Altcoins.

[₿itcoin]

When I read the news, he said unlikely, which is what we need to interpret the news as. I do not know why some headlines can be more affirmative than the news content.

https://coinstats.app/news/2498f6a5b986cf6c70d5c52916a9cce4133f6ee81d0e6270a7d50d4fd3ca1ae3_-Michael-Saylor-rejects-crypto-winter-fears-says-Bitcoin-going-to-1M-/

But let us discuss about this. I have seen some people on this forum saying something like this also. I think there can still be winter but bitcoin will not fall really much but the winner will still come.

What do you think?

You know, Saylor is not someone who screams certainty, he is a maximalist. So his confidence in Bitcoin to 1 million is a deep conviction in long term value of Bitcoin.

ok now come to your point. Regarding crypto winter fears, I am biased. if you call it crypto winter, then yes, you could see another winter like we have certainly seen before. But if you mean Bitcoin winter by calling crypto winter, then I rather agree with Saylor, dude era has changed, we are facing a huge limited daily miner supply, & demand is growing every single second. So those ETFs and public companies are continuously consuming a huge part of minted bitcoin, and they are effectively squeezing the whole market. So I don't care about any summer, winter, rainy bla bla bla, I'm always in autumn with Bitcoin.