Michael Saylor doesn’t appear bothered about different large corporations becoming a member of the Bitcoin bandwagon.
Talking on Bloomberg Crypto alongside Matt Meilier and Katie Greifeld, the MicroStrategy (rebranded to Technique) government chairman made it clear that he’s not dropping sleep over JPMorgan or Warren Buffett. Actually, he sounded prepared for them.
Saylor’s confidence hasn’t modified. His firm, now utterly backed by crypto, remains to be shopping for—and based on him, that’s what makes all of the distinction.
Technique’s Bitcoin Guess Stays Unshaken
In the meanwhile, Bitcoin is buying and selling at $107,918. Saylor believes it’s nonetheless early. He informed Bloomberg that legacy corporations like JPMorgan will in all probability wait till BTC hits $1 million earlier than they make critical strikes.
JPMorgan lately introduced plans to let choose shoppers borrow cash utilizing Bitcoin ETFs as collateral. That information got here not lengthy after reviews that the banking big will quickly permit direct Bitcoin purchases. These indicators level to a rising curiosity in crypto, even from conventional finance heavyweights.
Saylor, although, brushed it off. He mentioned Technique is able to compete with anybody, regardless of how large. He argued that corporations like JPMorgan will find yourself shopping for crypto when it’s rather more costly than it’s now.
Michael Saylor: I welcome the competitors from JP Morgan. I hope they enter the area. I’m probably not fearful. After they (lastly do it) they’ll be paying $1 million per Bitcoin. The value will go to the moon.” pic.twitter.com/YaEg4ToLTg
— Altcoin Each day (@AltcoinDaily) June 10, 2025
No Extra Bear Markets?
In the course of the interview, Saylor made one other daring declare—he mentioned there would by no means be a bear marketplace for Bitcoin once more. Whereas that’s laborious to show, he backed it with Technique’s continued shopping for and the sturdy demand he believes remains to be to return.
The concept Bitcoin would possibly by no means dip once more would sound unusual to most buyers. However for Saylor, Bitcoin isn’t simply an asset. It’s the muse of Technique’s whole enterprise mannequin. He says that’s what provides the corporate an edge.
He additionally mentioned that the Bitcoin-backed construction helps Technique difficulty most popular inventory with extra liquidity and higher returns. These claims weren’t backed by detailed information, however Saylor was assured in the course of the interview.
JPMorgan’s Transfer Seen As Bullish For Bitcoin
Regardless of downplaying the competitors, Saylor did admit that JPMorgan’s involvement may very well be good for the general market. He thinks it may enhance BTC worth even larger, creating positive aspects for everybody already holding BTC or associated merchandise.
On Might 1, he tweeted that Bitcoin will attain $1 million earlier than most wealth managers advise their shoppers to purchase in. He took it a step additional and mentioned it would hit $10 million earlier than they notice it’s a good suggestion.
Calls For Extra Tech Giants To Purchase Crypto
Saylor hasn’t stopped at simply speaking about JPMorgan. He’s reportedly inspired corporations like Apple and Microsoft to get Bitcoin publicity. His push isn’t nearly Technique—it’s half of a bigger imaginative and prescient he’s been selling for years.
He additionally took a jab at skeptics like JPMorgan CEO Jamie Dimon and US President Donald Trump supporter Warren Buffett. Saylor believes their criticism comes from not understanding Bitcoin.
Whether or not individuals agree or not, Saylor’s message hasn’t modified. He says Technique remains to be shopping for, and he’s not afraid of the competitors.
Featured picture from Medium, chart from TradingView
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