Michael Saylor doesn’t seem to be bothered by other big companies joining the Bitcoin trend.
MicroStrategy (renamed Strategy) executive chairman spoke with Matt Meiiler and Katie Greifeld on Bloomberg, making it clear that he won’t lose sleep due to JPMorgan Chase or Warren Buffett. In fact, he was ready for them.
Saylor’s confidence has not changed. His company is now fully backed by cryptocurrency but is still buying – which, according to him, is what makes everything different.
The strategy of Bitcoin betting still remains unshakable
Currently, Bitcoin is trading at $107,918. Saylor thinks it’s still early. He told Bloomberg that traditional companies like JPMorgan could wait until BTC pays $1 million before taking serious action.
JPMorgan recently announced plans to allow select customers to borrow money using Bitcoin ETFs as collateral. Shortly after the report said the banking giant will soon allow the purchase of Bitcoin. These signs suggest that even traditional financial heavyweights are becoming more and more interested in cryptocurrencies.
Saylor brushed it off. He said that no matter how big it is, the strategy is ready to compete with anyone. He believes companies like JPMorgan will end up buying cryptocurrencies, and when it is much more expensive than it is now.
Michael Saylor: I welcome the JP Morgan game. I want them to enter this space. I’m not really worried. When they (eventually do), they will pay $1 million per bitcoin. Prices will land on the moon. ” pic.twitter.com/yaeg4toltg
– altcoin Daily (@altcoindaily) June 10, 2025
No more bear markets?
In the interview, Saylor made another bold claim – he said there will never be a bear market for Bitcoin again. Although this is difficult to prove, he supports this with a strategy of continuing purchases and strong demand he believes will still be coming.
The idea that Bitcoin may never fall again sounds strange for most investors. But for Saylor, Bitcoin is more than just an asset. This is the basis of the strategy of the entire business model. That’s what makes the company better, he said.
He also said that the Bitcoin-backed structure helps strategically issue stocks and gains more liquidity and better returns. These claims were not supported by detailed data, but Sailer was very confident during the interview.
JPMorgan Chase’s move is seen as bullish on Bitcoin
Despite the downplay of the game, Sailer does admit that JPMorgan’s involvement may be good for the market as a whole. He believes it can increase the price of BTC, thus bringing benefits to everyone who already holds BTC or related products.
On May 1, he tweeted that Bitcoin would hit $1 million, and then most wealth managers advised their customers to buy. He took a step and said it could hit $10 million before they realize it was a good idea.
Calls on more tech giants to buy cryptocurrencies
Saylor hasn’t stopped talking about JPMorgan Chase. He reportedly encouraged companies like Apple and Microsoft to gain exposure to Bitcoin. His push is more than just about strategy, it is part of a larger vision he has been advocating for years.
He also expressed shock at skeptics such as JPMorgan CEO Jamie Dimon and Warren Buffett, a supporter of U.S. President Donald Trump. Saylor believes their criticism comes from not understanding Bitcoin.
Saylor’s message has not changed, whether people agree or not. He said the strategy is still being purchased and he is not afraid of the game.
Featured images from Medium, charts for TradingView
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