Strategy (Nasdaq: MSTR) founder and chairman Michael Saylor thinks that “made in the USA” Bitcoin is going to be worth $1 million.
The Bitcoin advocate was responding to GameStop CEO Ryan Cohen’s comment on X (formerly Twitter) about the potential hike in Apple’s iPhones when he made the remark.
Note that the majority of iPhones are manufactured in China — the country President Donald Trump targeted the most as part of the global “reciprocal tariffs” he imposed on Apr. 2 dubbed the Liberation Day.
Saylor told Cohen he will love the “made in the USA” Bitcoin worth $1 million. Last month, President Donald Trump not only announced the creation of the strategic Bitcoin reserve, but also vowed to make the U.S. the "Bitcoin superpower."
Saylor said in a previous post that against the backdrop of the stock market rout following the tariffs, “Bitcoin offers resilience in a world full of hidden risks.” Saylor is known to be very encouraging of other companies such as GameStop acquiring Bitcoin .
The Strategy founder also expanded on the asset’s volatility on X. He said that traders sell “what they can, not what they want to” during market panic. Bitcoin's sell-off only highlights its highly liquid nature, he added.
Though Bitcoin trades like a “risk asset” short-term, it shouldn't be correlated to a long-term movement, Saylor claimed.
A great believer in the long-term potential appreciation in Bitcoin’s value, Saylor has turned Strategy into the world’s largest corporate holder of Bitcoin. The company holds 528,185 BTC worth $44 billion as of Apr. 4.
Though the firm’s stock couldn’t escape the immediate market crash, it showed remarkable resilience and was up 3.29% on Apr. 4, trading at $291.57 at press time.
Bitcoin was trading at $83,932.00 at press time, as per Kraken’s price feeds . Though the cryptocurrency has soared 2% over the last 24 hours, it keeps falling into the red zone.