Michael Saylor predicts a strong resumption of Bitcoin by the end of the year

What if Bitcoin entered a new era, where rarity would no longer be a speculative story, but an accounting reality? Michael Saylor, executive president of Strategy, alerts on a rocking point: institutional demand, carried by ETF and listed companies, now exceeds the supply of mining. While Bitcoin oscillates between $ 111,000 and $ 118,000, a structural imbalance, but potentially explosive for the price, sets up.

A purchase pressure that exceeds the offer

While the institutions have regained hands with massive purchases, Michael Saylor said in an interview: “Companies that rely on Bitcoin buy more than what mining specialists naturally produce”.

He stresses that the combined demand for companies and institutional funds in the form of an ETF Spot exceeds 900 BTC produced daily by mining companies. A recent study published by the River Financial Services Company confirms these remarks. On average, 1,755 BTC per day are purchased by companies, to which are added 1,430 BTC acquired daily by ETF in 2025.

In total, 3,185 BTC per day is therefore removed from the market for a production that caps at 900 BTC, According to Bitbo data.

This deep imbalance creates an unprecedented rarity effect in the recent history of Bitcoin. It is not a punctual excitement, but a sustained and encrypted phenomenon, likely to permanently influence prices. Here are the advanced orders of magnitude:

• Average daily production: 900 BTC;
• Companies' daily purchases: 1,755 BTC;
• Daily purchases of ETF: 1,430 BTC;
• The estimated total request: 3,185 BTC per day;
• The excess of demand compared to the offer: +2 285 BTC/day.

At a time when Bitcoin evolves in a tight price range, this purchase pressure contributes to locking the available offer. Despite a massive liquidation of nearly $ 2 billion on the Crypto market at the start of the week, which analysts attribute to technical factors, without questioning of the fundamentals, the institutional signals remain resolutely bull.

“While we overcome the current resistances and certain contrary macroeconomic winds, Bitcoin should resume its significantly progress by the end of the year”concludes Saylor.

Bitcoin as cash and digital capital assets

For Michael Saylor, all companies that buy Bitcoin do not do so with the same strategy or the same profile. “There are two types of institutional buyers today”he specifies.

The first group is made up of traditional operational companies which, instead of redistributing their capital in the form of dividends or buying stocks, choose to place their excess cash in Bitcoin.

According to Saylor, this approach makes it possible to strengthen their financial structure, but also to guard against monetary inflation and the depreciation of Fiat currency. Strategy, which today holds 638,985 BTC, embodies this strategy in an emblematic way.

The second group is made up of what Saylor calls “True cash companies”in other words, companies that do not simply use Bitcoin as a passive reserve, but which consider it a digital capital in its own right.

“The world has worked for 300 years with credit backed by gold. It will now work with credit backed by digital gold ”he says. These companies use bitcoin as a collateral active ingredient to design new digital financial instruments (bonds, structured products or other forms of tokenized credit). For Saylor, Bitcoin becomes “The ideal asset” To meet the growing demand for debt and capital instruments on the traditional markets, looking for a new credible stallion.

This progressive mutation of the role of bitcoin, speculative active assets of a digital financial system, opens the way to many possible developments. On the one hand, the growing financialization of the BTC by institutional giants could consolidate its legitimacy with traditional regulators and markets. On the other hand, it calls on the growing centralization of the offer in the hands of a limited number of institutional actors. If the phenomenon continues at this rate, the question will no longer be whether Bitcoin is rare, but which holds it. And above all, for what ends.