Michael Saylor: 'Bitcoin Will Not Return to a Bear Market', Predicts a Reach to $1 Million

Michael Saylor, chairman of Strategy Corp. (formerly MicroStrategy), the largest holder of Bitcoin (BTC), declared on a Bloomberg TV program on the 11th that 'the bear market will never return.' He reiterated his bullish prediction that 'Bitcoin will not go to zero, but will reach $1 million.' Saylor cited the U.S. government's supportive stance on cryptocurrencies as a basis. He pointed out that President Trump, Treasury Secretary Scott, and Paul Atkins, nominee for SEC Chairman, are supporters of Bitcoin. He also mentioned that changes in market structure are one of the factors. The current daily mining supply is about 450 BTC (approximately 7.2 billion yen)...