Michael Saylor: Institutional Bitcoin Buying Could Drive Prices Higher by Year-End

Key Takeaways:Michael Saylor says institutional hoarding is the driving force behind Bitcoin’s current market narrative.Large ETFs like BlackRock are absorbing nearly all new BTC supply.Around 180 Bitcoin reserve companies are buying more than miners produce.Saylor expects Bitcoin prices to rebound by year-end, with a long-term path toward a market size 10x gold.Strategy co-founder Michael Saylor said in an interview with CNBC that the core narrative for Bitcoin revolves around continued institutional accumulation. He highlighted that large ETFs, including BlackRock’s spot Bitcoin ETF, are steadily absorbing the cryptocurrency’s natural supply, reflecting strong institutional demand.Saylor noted that roughly 180 reserve-holding companies are purchasing Bitcoin at a pace that exceeds miners’ production, creating structural supply pressure. He argued that this dynamic sets the stage for a renewed price rally once recent resistance levels and macroeconomic headwinds ease.Calling Bitcoin “digital gold,” Saylor reiterated his view that BTC’s market capitalization could eventually expand to ten times the size of gold, reinforcing its role as a global hedge asset.