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Cryptocurrency News Articles

Michael Saylor Predicts Bitcoin (BTC) Price Will Soar to $1 Million

Jun 13, 2025 at 02:52 am

Michael Saylor, Strategy's founder, delivered a bold Bitcoin price prediction this week, saying the cryptocurrency could surge to $1 million

Michael Saylor Predicts Bitcoin (BTC) Price Will Soar to $1 Million

Michael Saylor, the founder of Strategy, made a bold Bitcoin price prediction this week, saying the cryptocurrency could surge to $1 million within the next few years.

Speaking on the Mind Matters V: Bitcoin and the Blockchain Revolution program, Saylor noted that Bitcoin's limited supply, with only 450 new coins mined daily, and decreasing exchange balances are signaling a potential surge to $1 million.

“We're mining about 450 new Bitcoin per day, and they're distributing into the economy. The exchange balances are still going down; the institutional demand is still increasing; and the government demand is increasing.”

Bitcoin is currently trading at around $70,000, and to reach $1 million, it would need to rise by about 1,300%. However, Saylor believes that this is possible, given the cryptocurrency's history of volatility and the potential for increased demand from institutions and governments.

“If you look at the history of Bitcoin, it's a very volatile asset class. It can move very quickly and unpredictably. And if you think about the fundamentals of supply and demand, there's a lot of room for Bitcoin to rise.”

Some analysts believe that Bitcoin could hit $500,000 in the next bull run, while others are even more bullish and see it going as high as $1 million.

A surge in Bitcoin to $1 million would likely trigger broad gains across the crypto market, as altcoins tend to follow Bitcoin's momentum. Some of the best-positioned altcoins in that scenario are AAVE (AAVE), Solana (SOL), and Tron (TRX).

AAVE

AAVE is one of the top altcoins to buy if Bitcoin surged to $1 million. It is the biggest player in decentralized finance, an industry that Paul Atkins, the head of the SEC supports.

The platform's growth has accelerated in 2025, with total value locked (TVL) rising to over $27 billion. AAVE is also generating more than $1.5 million in daily fees, while its native stablecoin, GHO, now has a market cap of $218 million.

Importantly, AAVE has weathered some of crypto's worst periods, including the FTX, Celsius, and Terra collapses in 2022.

AAVE also has strong technicals as this crypto.news article noted. It has formed a golden cross pattern, while the Average Directional Index is pointing upwards, signaling that the momentum is growing. The token will likely continue rising as bulls target last year's high of $400, up by 33% from the current level.

Tron

Tron is another top altcoin to buy because of its strong fundamentals. Data shows that it is the second most profitable player in the crypto industry after Tether. It has made over $1 billion in fees this year, much higher than chains like Solana and Ethereum.

Tron is also one of the most deflationary tokens in the crypto industry because of its token burns. This deflation will continue as the community votes on reducing block time and voting rewards.

Tron is also forming a rounded bottom, which may push it to last year's high of $0.4493, up by 63% from the current level.

Solana

Solana is another top cryptocurrency to buy because of its strong fundamentals. It has the most active transactions, with the 30-day figure jumping by 56% to 1.92 billion. These transactions are more than those of other chains, combined.

Solana also has the most active addresses. It had over 135 million active addresses in the last 30 days, also higher than the other top chains. Solana has a vibrant ecosystem with hundreds of dApps in all areas like decentralized finance, real-world asset tokenization and decentralized public infrastructure.

The Securities and Exchange Commission will also likely approve spot SOL ETFs, making it available to Wall Street investors. It also has a staking reward of 8.5%, higher than many chains.

Some of the other blue-chip altcoins to buy if Bitcoin hits $1 million are Aptos, Sui, Stellar, and XRP.

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Other articles published on Jun 14, 2025