Saylor: Bitcoin’s Demand Is Outpacing Supply
Michael Saylor, executive chairman of Strategy, says Bitcoin (BTC) will likely resume a strong uptrend toward the end of 2025, once macroeconomic headwinds ease and institutional accumulation continues.
In an interview with CNBC’s Closing Bell Overtime, Saylor explained that corporate and ETF-driven Bitcoin buying is exceeding miner supply, creating persistent upward pressure on price.
“Companies that are capitalizing on Bitcoin are buying more than the natural supply being created by the miners,” Saylor said.
ETF and Corporate Buying Absorbing All New BTC
- 🛠️ Miners produce ~900 BTC/day (Bitbo)
- 🏦 Corporates buy ~1,755 BTC/day (River)
- 📊 ETFs acquire ~1,430 BTC/day (2025 avg)
That totals over 3,000 BTC/day in demand, far exceeding the supply created daily through mining.
“That imbalance puts consistent upward pressure on the price,” Saylor emphasized.
This supply squeeze comes at a time when Bitcoin has been trading in a tight range, between $111K–$117K, and just after a $2B liquidation event blamed on technicals, not fundamentals.
Late 2025 Rally Likely as Resistance Fades
Saylor believes the market will break through resistance once inflation and interest rate uncertainties stabilize.
“We’ll actually see Bitcoin start to move up smartly again toward the end of the year,” he predicted.
This echoes previous cycle patterns, where BTC consolidates mid-year and rallies late after macro uncertainty lifts.
Why Public Companies Are Buying Bitcoin
Saylor outlined two categories of BTC-buying firms:
1. Operating Companies
These include firms that would normally pay dividends or buy back stock, but are now using Bitcoin as a treasury reserve asset.
“That improves their capital structure and strengthens the company,” said Saylor.
2. True Treasury Companies
These are firms that treat Bitcoin as digital capital, using it to back equity and credit instruments in traditional markets.
“The world’s going to run on digital gold-backed credit for the next 300 years,” Saylor declared.
According to Bitbo, 145+ public companies now hold BTC on their balance sheets, including Strategy itself — which owns 638,985 BTC.
📈 Final Thoughts: Bitcoin’s Q4 May Surprise Bulls
While BTC has faced technical pressure and macro uncertainty, the supply-demand imbalance is tilting strongly bullish. With ETFs and corporates eating up new supply, Saylor’s call for a late 2025 rally looks grounded in data.
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