Michael Saylor Says Bitcoin Price Could Hit $10 Million Before Advisers Catch On

The continuing Bitcoin surge in popularity remains unattainable for retail investors because institutions actively resist accepting this cryptocurrency. According to Michael Saylor, resistance from financial institutions delays broad access to Bitcoin, and its price approaches countless millions when advisors grant it safety acceptance. Let us examine the present market conditions with predictions about their upcoming effects.

Bitcoin ETFs: Access Restrictions Across Leading U.S. Platforms

Leading wealth management platforms in the United States, such as Charles Schwab, Morgan Stanley, and Fidelity, show little interest in offering their clients Bitcoin ETF exposure. Although these financial firms operate at high levels of financial power through trillion-dollar funds, they maintain barriers that block Bitcoin access for their clients.

Image 1- BTC ETF Exposure, provided by Michael Saylor, published on X, May 1, 2025.

Bitcoin’s unpredictable price movements and uncertain regulations are the main reasons behind these institutions’ reluctance to support Bitcoin exposure to their clients. The $1 billion Bitcoin investment from Saylor’s MicroStrategy has not led top financial institutions to invest similarly due to their safety concerns about the market’s volatility. The investment giant J.P. Morgan and the investment company Vanguard have refrained from entering Bitcoin exposure, so retail investors and smaller investors remain isolated from its opportunities.

Fidelity and Morgan Stanley have started to provide restricted Bitcoin access but maintain severe usage restrictions. These financial institutions hold back from complete access to Bitcoin because they remain uncertain about the digital currency, even when managing substantial assets.

How Long Will It Take for Financial Advisers to Embrace Bitcoin?

The asset value totaling more than $31 billion remains unable to use Bitcoin through wealth management products. The crypto market’s growing maturity and institutional slow adoption create an opportunity for the Bitcoin price to grow substantially. Financial recommendations of Bitcoin will render it an unattainable investment for regular individuals.

Meanwhile, Saylor has noted via X that any delayed move by these platforms to provide unrestricted access to Bitcoin will result in a significant upward swing of its price, reaching unreachable price points. He said, ‘’By the time your financial adviser says it’s OK to buy Bitcoin, it’ll cost $1 million. When they say it’s a good idea, it’ll be $10 million.’’

By the time your financial adviser says it’s OK to buy Bitcoin, it’ll cost $1 million. When they say it’s a good idea, it’ll be $10 million. pic.twitter.com/5CRrf2gSFL

— Michael Saylor (@saylor) May 1, 2025

Saylor leads MicroStrategy to keep purchasing Bitcoin for its balance sheet because he understands Bitcoin’s role as a long-term value reserve. According to K33, analysts expect MicroStrategy to reveal positive financial outcomes during its Q1 earnings conference since it utilized nearly all resources from its $21 billion at-the-market (ATM) shelf offering this week. 

Chart 1- Microstrategy Q1 Earnings, provided by K33 Research, May 1, 2025.

The analyst notes that MicroStrategy Executive Chairman Michael Saylor “maintains strong dedication to expanding his company’s BTC treasury using considerable funds rapidly.”

Michael Saylor’s Vision and the Implications for Bitcoin Price

The Bitcoin price exceeded its 200-day Exponential Moving Average at $85,000 during the first part of last week and then rose by 11.14% until Friday. The cryptocurrency price attempted to surpass its March peak of $95,000 but has remained near this height in the preceding four trading sessions. 

If the price of BTC surpasses $95,000 and sustains this price level during daily market sessions, it will expand its upward movement and test the daily resistance at $97,000. A price close above this level creates conditions for additional gains that could lead to testing psychological resistance at $100,000.

Chart 2- BTC/USD 1-day chart, provided by Emmaculate, published on TradingView, May 1, 2025.

The daily RSI indicator maintains its value around 66, confirming upward market momentum with space remaining until it reaches overbought levels. Conversely, BTC may experience an extended price decline if it remains below the $95,000 resistance level while it faces downward pressure and settles near the $90,000 psychological support point.