“Bitcoin will never go to zero—in fact, it’s heading to $1 million,” he said, brushing aside the idea of another devastating bear market. His bullish case rests on three pillars: stronger U.S. government support for Bitcoin, the growing role of major banks as crypto custodians, and favorable changes to U.S. accounting rules that make holding BTC on corporate balance sheets more attractive.

On the supply side, Saylor points to a simple but powerful dynamic: roughly 450 BTC enter circulation daily, and he claims that corporate treasuries alone are soaking up this entire flow. In his view, that leaves little room for price weakness once the next rally kicks in.

Even if Bitcoin were to soar to $500,000 or $1 million, Saylor says, any pullback would likely stop around $200,000—levels that would have been unthinkable just a few years ago.

He also flagged fresh institutional moves, including Trump Media’s $2.5 billion plan to build a Bitcoin reserve and GameStop’s similar ambitions. For Saylor, these are just more signs that Bitcoin’s adoption curve is steepening, and that the long-term trajectory remains firmly up.