Bitcoin (BTC) Is Riding High Now, as Evidenced by Its Recent Pump Past $110K Briefly

Bitcoin is riding high now, as evident by its recent pump past $110K briefly. While there has been a correction, the market is relatively stable

Bitcoin is currently trading above the $110K level after a recent surge. However, even this performance hasn’t made the skeptics budge from their preconceived notions that BTC is an ill-fated asset.

But that is not the case, believes Strategy Executive Chairman Michael Saylor, who, in a recent interview with Bloomberg, clearly said, “Winter is not coming back,” and “Bitcoin will go to $1 million.”

Strategy Executive Chairman Michael @saylor says crypto winter is not coming back and Bitcoin is going to $1 million

This statement is one of the many bullish voices for Bitcoin that have given credence to the belief that BTC is a lot more valuable than gold. And since Bitcoin is a tide that lifts all boats, there are many altcoin enthusiasts looking for the best crypto to buy now who would be happy to hear such news.

We Are Past That Wintery Phase – Michael Saylor

“How do you expect the price uptrend to continue?” the interviewer asked Saylor. “The price is going up and down rapidly. Can it keep that up over the next five years? When does it drop again?”

This was the question that led to Michael Saylor’s bold remark that winter is not coming, and Bitcoin will reach a million.

“You have all the evidence you need to determine that. The president of the US supports Bitcoin, the Congress supports Bitcoin, Paul Atkins supports Bitcoin, Scott Bessent supports Bitcoin, the CFTC feels the same way, the banks are going to custody Bitcoin,” Saylor said.

He also said that Bitcoin has gotten through its riskiest period. And since only 450 BTC is available per day from natural sellers, which is equivalent to 50 million dollars’ worth of BTC daily, if these are bought, the prices will move up.

Michael Saylor’s bullishness for BTC has spilled into his own company as well. Strategy, previously known as MicroStrategy, recently revealed that its stock has posted the biggest gain over a year when compared to Bitcoin. The official page shows that the 1-year return for MSRT has been upwards of 140%.

Michael Saylor is continuing to pull for Bitcoin with all of his might, and recently acquired another batch of BTC: 1,045 BTC, worth $110.2 million. It has also achieved a BTC yield of 17.1% YTD 2025.

Strategy has acquired 1,044 BTC for ~$110.2 million at ~$105,426 per bitcoin and has achieved BTC Yield of 17.1% YTD 2025. As of 6/8/2025, we hodl 582,000 $BTC acquired for ~$40.79 billion at ~$70,086 per bitcoin. $MSTR $STRK $STRF $STRDhttps://t.co/9cpK5vtVwW

The Strategy boss’s sharp focus on Bitcoin has led to an influx of other public companies diving into cryptocurrency investments as well. And as institutional interest comes pouring in, the BTC price is responding with a surge.

Therefore, it is possible that within a short few days, the BTC price could experience another major pump.

Best Crypto to Buy Now Besides Bitcoin

Bitcoin may be rising, but it will be some time before the world’s biggest crypto reaches the $1 million level. This is because every time the apex crypto has hit a new high, it has faced massive resistance. And every time, institutional interest has helped it stay afloat. Retrospectively, it has managed to keep BTC’s head above water only in the short term.