Michael Saylor, the executive chairman of Strategy, is expecting Bitcoin to rise again toward the end of the year.
In an interview with CNBC’s Closing Bell Overtime, he said that more companies and institutional investors are buying Bitcoin, which is making its price go up. Saylor said the demand is even stronger than the new Bitcoin created by miners.
“Companies that are capitalizing on Bitcoin are buying even more than the natural supply being created by the miners,” Saylor explained.
Miners normally create around 900 Bitcoin every day, according to Bitbo. But in 2025, businesses are expected to buy 1,755 Bitcoin a day. On top of that, ETFs for institutional investors will buy about 1,430 Bitcoin every day. This shows that companies and investors are taking more Bitcoin than what is being made.
He said this growing demand could push Bitcoin’s price higher by the end of the year. “I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” Saylor said. Over the past day, Bitcoin has been trading between $111,369 and $113,301, while the seven-day price range has been $111,658 to $117,851, according to CoinMarketCap.
Saylor also talked about the types of companies buying Bitcoin. The first type includes companies that normally give cash back to shareholders through dividends or buybacks. Instead, they keep Bitcoin as a reserve. Saylor said this approach “actually improves their capital structure” and makes companies stronger. Strategy is one of these companies and holds 638,985 Bitcoin. Bitbo reports that at least 145 companies have added Bitcoin to their balance sheets.
The second type of company Saylor mentioned is what he calls “true treasury companies.” These companies use Bitcoin as digital money to support credit and investment systems. He said, “The world ran on gold-backed credit for 300 years. The world’s going to run on digital gold-backed credit for the next 300 years.” This shows that Bitcoin is becoming a key part of modern finance.
Even with some market ups and downs, including $2 billion in trader losses recently, Saylor believes Bitcoin is ready for another rally.
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