Michael Saylor has never been shy about bold Bitcoin predictions. But his latest claim—that Bitcoin could rocket to $10 million “tomorrow”—has landed at a particularly awkward moment. As Strategy, the Bitcoin-heavy firm he chairs, slides deeper into multi-billion-dollar unrealized losses, critics say the gap between Saylor’s conviction and reality has never looked wider.
The remark, delivered confidently in a recent video, lit up social media almost instantly. To supporters, it was classic Saylor: unapologetically bullish, long-term focused, and dismissive of short-term noise. To critics, it sounded detached from the mounting financial strain on Strategy’s balance sheet and its collapsing share price.
“Volatility Is a Gift”
In the video, Saylor doubled down on one of his core beliefs: that Bitcoin’s wild price swings are not a weakness, but a filter.
“Volatility was a gift to the faithful,” he said, arguing that sharp moves scare off “tourists” and reward those willing to invest time, effort, and conviction into understanding Bitcoin.
According to Saylor, Bitcoin’s price isn’t capped by fundamentals—it’s capped by belief.
“If people in the rest of the world knew what I know, and they understood and they agreed with me, Bitcoin would go to $10 million tomorrow,” he said.
But in a twist that left many viewers stunned, Saylor claimed such a move would actually be bad for long-term believers. Why? Because it would erase decades of opportunity to accumulate Bitcoin at lower prices.
“You would lose 20 years of stacking opportunity,” he said, describing a future where Bitcoin trades permanently above $10 million as one where latecomers are locked out forever.
The internet was not impressed.
Critics flooded social platforms with sarcasm and disbelief, mocking the logic behind the claim. One user quipped, “If everyone agreed with me about the value of something I own, I’d be worth $10 trillion.” Another compared Bitcoin believers to historic manias: “Very sad for those that follow him. At least tulips are beautiful.”
Others took aim at what they see as ignored realities—energy costs, miner economics after repeated halvings, and increasing centralization. One commenter summed up the frustration bluntly, calling Saylor “the most insufferable person on the planet right now.”
The backlash reflects a growing tension: Saylor’s unwavering optimism versus a market that has been anything but forgiving.
Strategy’s Numbers Tell a Harsher Story
While the debate rages online, Strategy’s balance sheet paints a sobering picture.
This week, the company revealed it bought 855 more Bitcoins for $75.3 million, paying an average of $87,974 per coin. That purchase pushed Strategy’s total holdings to 713,502 BTC, acquired for roughly $54.3 billion at an average price of $76,052.
At current prices near $70,800, those holdings are worth about $50.5 billion—leaving Strategy with more than $3.7 billion in unrealized losses.
The reversal is stark. Just last October, the company was sitting on paper gains approaching $33 billion.
Investors haven’t been spared either. Strategy’s stock fell another 3% on Wednesday, continued sliding after hours, and now trades over 70% below its July 2025 peak.
The Question Everyone’s Asking: Will Saylor Sell?
As losses mount, speculation has intensified over whether Strategy could be forced to liquidate some of its prized Bitcoin stash.
The concern isn’t hypothetical. In November, CEO Phong Le acknowledged that if Strategy’s shares were to trade below the value of its underlying assets, selling Bitcoin could become unavoidable.
Saylor himself has drawn a clear line in the sand. He said the company would only consider selling Bitcoin or Bitcoin-linked instruments if its net asset value (NAV) fell below 1.
For now, Strategy’s NAV stands at 1.14—comfortably above the danger zone, but close enough to keep nerves on edge.
Conviction vs. Consequences
Michael Saylor remains unshaken, preaching patience and belief while markets demand proof. To his followers, he’s a visionary playing a decades-long game. To his critics, he’s a billionaire evangelist ignoring the immediate costs of his crusade.
One thing is certain: as Bitcoin slides, Strategy bleeds, and Saylor talks about $10 million “tomorrow,” the clash between ideology and balance-sheet reality is only getting louder.

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