Strategy CEO: "If Bitcoin Doesn't Go to $0, It Will Go to $1 Million"

"Investment Strategy Unchanged Despite the Drop"
Emphasis on Scarcity and Rising Demand

Michael Saylor, Chairman of Strategy, once again emphasized the long-term upside potential of Bitcoin's value, expressing strong optimism.

Michael Saylor, Strategy Chairman. Michael Saylor X

According to cryptocurrency media outlets NewsBTC and The Crypto Basic, on the 20th (local time), Chairman Saylor stated on his X account, "If it doesn't go to zero, it will go to 1 million (dollars). $BTC." He is convinced of Bitcoin's long-term growth trend based on its scarcity and rising demand.

Bitcoin has recently been undergoing a correction, trading around the 67,100-dollar level. Although this is about 47% below its all-time high of 126,200 dollars, Saylor characterized the current decline as a temporary phenomenon. He stressed the value of long-term investment, saying, "Each cycle requires more fiat currency, but the amount of Bitcoin you can get decreases."

Strategy currently holds approximately 717,131 BTC, based on an average purchase price of 76,027 dollars.

However, some experts are warning about downside risks for Bitcoin. Bloomberg commodity strategist Mike McGlone mentioned the possibility of the price falling to 10,000 dollars, and U.S. business magazine Fortune described Strategy as a "very risky company." Strategy is vulnerable to short-term volatility due to its 8.2 billion-dollar debt load and the burden of high-yield preferred share dividends.

Although fear has spread in the market as roughly 1 trillion dollars in Bitcoin market capitalization has recently evaporated, Chairman Saylor interprets this as a buying opportunity. He cited increased participation by institutional investors, the growth of spot ETFs, and the expansion of corporate treasury allocations to Bitcoin as long-term bullish factors.

According to on-chain data analytics firms Santiment and Glassnode, network activity and market liquidity have somewhat declined, but Saylor views this downturn as a process of filtering out true long-term investors.

As of the morning of the 21st, Bitcoin was at 67,805 dollars, Ethereum at 1,962 dollars, and major altcoins were also showing a modest rebound.