Asked how low Bitcoin could theoretically go during future downturns, Saylor was unequivocal: “Crypto winter is over. We’ve already moved past that phase. Bitcoin will never go to zero—in fact, it’s heading to $1 million. There are countless reasons for this bullish outlook.”

Among the most significant drivers, Saylor pointed to:

  • growing U.S. government support for Bitcoin,
  • the rise of bank custodians for digital assets,
  • and changes to U.S. accounting standards benefiting crypto holdings.

Saylor also highlighted supply dynamics: the current “organic” daily supply of Bitcoin available for sale is about 450 BTC. According to him, this entire amount is now being absorbed by corporate treasury managers using Bitcoin as a reserve asset.

“Once we enter the next Bitcoin rally phase and the price surges to $500,000 or even $1 million, it’s possible we could see a pullback—perhaps down to $200,000. But the trend is clear,” Saylor remarked.

He also noted recent developments such as Trump Media’s $2.5 billion plan to establish a Bitcoin reserve and similar intentions announced by GameStop. With institutional adoption ramping up and U.S. regulatory progress, Saylor remains confident that Bitcoin’s price trajectory will continue upward.