Bitcoin is down nearly 6% this week, forcing crypto bros to climb off their high horse and face the reality that a 2021-style pump might not yet be around the corner.
That said, Strategy boss Michael Saylor, whose company is the largest corporate holder of Bitcoin, recently shared his outlook on CNBC’s Closing Bell: Overtime.
Saylor highlighted the accelerating pace at which Bitcoin is being scooped up by exchange-traded funds (ETFs) and public companies compared to the rate at which it’s being mined.
Miners generate roughly 900 Bitcoin per day, while ETFs and businesses combined are gobbling up 3,185 Bitcoin daily on average in 2025.
This growing supply-demand gap is set to trigger a supply squeeze that could have a very positive – and potentially explosive – effect on Bitcoin’s price.
Read on as we unpack everything Saylor had to say. And stick around, because we’ll also point you toward the next 1000x cryptos to watch as the market cools off and gears up for an even bigger pump in the coming months.
Why Saylor Thinks Bitcoin’s Correction Is Just the Beginning
One of the most important things Saylor pointed out is how full-fledged treasury companies are capitalizing on Bitcoin.
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. So treasury companies are holding digital capital and creating digital credit instruments.
Saylor said that Bitcoin’s current correction is nothing more than the token battlin
Go to Source to See Full Article
Author: Krishi Chowdhary