Michael Saylor: Bitcoin Has Survived Its Most Risky Period, Bear Market Is Gone for Good

On June 11th, according to a report from Bitcoinmagazine, Michael Saylor, the Executive Chairman and CEO of Strategy, offered comments on the company's aggressive Bitcoin strategy during a recent interview with Bloomberg. He stressed that Bitcoin will not reach zero; instead, it will rise to $1 million per coin. Saylor stated, "I believe we are in a digital gold rush. You have ten years to acquire as much Bitcoin as you can before it is depleted." "This competition is a healthy one." Saylor also mentioned that Bitcoin will no longer encounter bear markets and that its price will reach $1 million per coin. He said, "Winter is not coming again." "We have passed that stage. If Bitcoin is not going to zero, it will rise to $1 million. The U.S. President is determined to support Bitcoin; the cabinet supports Bitcoin; the Treasury Secretary supports Bitcoin; and the SEC Chairman has also demonstrated his passionate belief in Bitcoin and digital assets... Bitcoin has already gone through its most risky phase."