Michael Saylor, Executive Chairman and co-founder of MicroStrategy, has projected a significant upward trajectory for Bitcoin, anticipating a robust price surge toward the latter part of 2025. In his analysis, Saylor identifies current macroeconomic challenges as temporary obstacles that are suppressing the cryptocurrency’s near-term performance. He asserts that once these headwinds dissipate, a powerful combination of fundamental factors will catalyze the next major bull run.
A primary driver highlighted by Saylor is the growing adoption of Bitcoin by public companies as a treasury reserve asset, a trend his own company, MicroStrategy, has pioneered. This corporate demand effectively reduces the available supply of Bitcoin on the market. Furthermore, the sustained and substantial inflows into U.S.-listed spot Bitcoin Exchange-Traded Funds (ETFs) are creating consistent buying pressure. These ETFs have opened a crucial regulated gateway for institutional capital, attracting investment from a broader investor base that was previously unable to gain direct exposure.
Saylor’s commentary suggests a market poised for a structural shift. The convergence of shrinking liquid supply from corporate treasuries and relentless demand from ETF vehicles is expected to create a pronounced supply-demand imbalance. This dynamic, set against a backdrop of improving macroeconomic conditions, forms the basis of his confident prediction for Bitcoin to ‘move up smartly again.’ His outlook reinforces the belief among many proponents that Bitcoin is evolving from a speculative asset into a legitimate institutional-grade store of value, with its next major appreciation phase on the horizon.
