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The crypto winter of 2022 didn’t just chill the markets. It froze hopes, dried up wallets, and brought giants to their knees. The collapse of TerraForm Labs followed by the downfall of FTX triggered a cascade of bankruptcies, liquidations, and ruin. Who would really want a remake of that icy season? Michael Saylor, however, claims that this cycle is a thing of the past. According to him, bitcoin is now heading to the top.
In Brief
Michael Saylor predicts the end of bear markets and bitcoin at one million.
The daily supply of bitcoins is absorbed by institutional ETFs like BlackRock.
Strategy is betting on bitcoin-backed bonds offering 400 basis points of yield.
The privatization of bitcoin by giants worries those who still believe in decentralization.
Bear Market: Solid Relief for Bitcoin Enthusiasts
Michael Saylor is clear: “The winter will not come back.” For him, if bitcoin doesn’t go to zero, then it is heading to one million. The man doesn’t just talk: Strategy holds more than 582,000 bitcoins, proof of his absolute faith. He also talks about the 450 bitcoins mined each day, valued at nearly 50 million dollars. An amount, according to him, fully absorbed by the growing institutional demand.
The entry of funds like BlackRock and Fidelity has strengthened this dynamic. Growing political support, especially from Donald Trump, also contributes to this market stabilization. Saylor even talks about a ten-year “digital gold rush.” He sees this decade as crucial for accumulating bitcoin before a potential explosion in its value.
He talks about a simple scenario: if supply remains scarce and demand increases, economic logic drives prices upwards. And this model seems to hold for now. A balanced model supported by predictions from other market giants, reaching up to $2.4 million by 2030.
A High-Risk Crypto Prophecy?
However, this linear narrative leaves some puzzled. Saying that bitcoin will no longer see a bear market seems like a self-fulfilling prophecy. Indeed, Michael Saylor is simultaneously an actor, investor, and narrator of this saga. He declares:
If bitcoin doesn’t fall to zero, it will reach 1 million dollars.
But by proclaiming the end of the bear market, isn’t he contributing himself to creating a sense of security? His strategy goes further: Strategy even offers bitcoin-backed bonds with 400 basis points yield. A tool that transforms digital gold into a speculative leverage instrument.
Behind this boldness is also a bet. That monetary policies will not reverse. That regulators will not tighten their control. That no new FTX will come to destabilize the ecosystem. This absolute confidence could well become his Achilles’ heel if the market turns.
Bitcoin Privatized by Financial Giants?
An even deeper risk emerges: the progressive privatization of bitcoin by institutional giants. ETFs are massively absorbing the asset. Metaplanet, GameStop, and even Trump Media align with this narrative. This accelerated financialization raises a question: will bitcoin remain a tool of emancipation or become the plaything of an elite?
The story of decentralization is challenged. Asset managers now control the flow.
More than 582,000 bitcoins are held by MicroStrategy;
50 million dollars worth of bitcoins mined daily, almost all absorbed;
400 basis points offered on bitcoin-backed bonds;
Goal of $1 to $2.4 million for bitcoin by 2030;
A decade to accumulate according to Saylor: the rush for digital gold is on.
Faced with this trend, some see a winning strategy. Others see a confiscation of bitcoin’s original spirit. This gradual shift toward total financialization could turn the most disruptive asset of the 21st century into a new cash cow for institutions.
The debate is open, but independence is at stake.
The crypto winter of 2022 left deep scars. It swallowed more than half of Bank of America clients who had turned to cryptocurrencies. The devastation was brutal. While the future now seems brighter for bitcoin, it is only by remembering past mistakes that the path to the summit will remain strong.
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La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
