Michael Saylor, the CEO of Strategy, dismissed concerns over a potential crypto winter, asserting that Bitcoin's rising adoption and limited supply could propel its price to $1 million. In a Bloomberg interview, Saylor stated that Bitcoin will not experience a downturn significant enough to bring it back to zero, emphasizing that if it's not going to zero, it must move towards a million. He noted that currently only about 450 Bitcoin are available for sale daily, which translates to roughly $50 million. If this amount is purchased, he believes the price will inevitably increase. Saylor also pointed to increasing purchases by public companies and institutions such as BlackRock as signs of Bitcoin's solid position in the market. Furthermore, he suggested that with ongoing backing from notable figures like former U.S. President Donald Trump and the move by countries to establish Bitcoin reserves, there is a favorable economic environment for Bitcoin's growth. However, Saylor acknowledged potential volatility should Bitcoin reach extreme price levels, forecasting possible downturns of around $200,000 from such highs.

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