Bitcoin Poised for Year-End Surge as Demand Exceeds Miner Supply: Michael Saylor

Highlights:

• Michael Saylor says Bitcoin demand is rising faster than miners can supply.
• Saylor believes Bitcoin will replace gold in corporate and national reserves soon.
• Bitcoin-backed credit could reshape global finance, Saylor sees long-term digital transformation ahead.

Michael Saylor, executive chairman of Strategy, said Bitcoin is positioned for fresh gains by the end of 2025. He noted that institutional and corporate demand is now outpacing the supply produced by miners. Speaking on CNBC’s Closing Bell Overtime on Tuesday, Saylor explained that corporate adoption of Bitcoin, combined with steady purchases by large exchange-traded funds (ETFs) on behalf of institutional investors, is absorbing nearly all available supply.

BTC Demand Surpasses Supply

Bitbo data shows miners create nearly 900 Bitcoin each day. Meanwhile, River Financial reported this month that in 2025, companies are purchasing about 1,755 Bitcoin per day, while ETFs are absorbing an additional 1,430 coins daily on average. Saylor said the gap between supply and demand keeps pushing Bitcoin prices higher. 

Companies are buying Bitcoin much faster than miners can produce. He also said the $2 billion liquidations were technical and not a sign of real weakness. “I think that as we work through the resistance of late and some macro headwinds, we’ll actually see Bitcoin start to move up smartly again toward the end of the year,” Saylor added.

Today with @MorganLBrennan, I discussed the differences between Bitcoin, Gold, and other crypto networks — and the rise of Digital Treasury Companies, Digital Credit, and Digital Finance. pic.twitter.com/sdbWWEIq0E

— Michael Saylor (@saylor) September 23, 2025

Saylor suggested that Bitcoin is turning into the next frontier for national reserves and corporate treasuries. He explained that the token has clear advantages over gold because it is programmable, borderless, and not affected by tariffs. He pointed out that gold still holds value, but it cannot be teleported or moved instantly. By contrast, BTC, as a digital asset, removes those physical limits and offers speed, flexibility, and global reach.

This is not the first time the CEO has contrasted the two assets. Last month, Michael Saylor predicted that capital would shift from gold to Bitcoin because gold faces import tariffs.

Tarriffs on gold will only accelerate the migration of capital to digital gold ($BTC) @saylor says 👀🤔 pic.twitter.com/rTHgCifXzh

— Bitcoin.com News (@BTCTN) August 8, 2025

Companies and Treasuries Embrace Bitcoin for Growth and Stability

The first group is operating companies. Normally, these companies give money back to their shareholders through dividends or share buybacks. Instead of doing that, they decide to buy Bitcoin and keep it as a reserve in their treasury. Saylor said this helps improve their financial strength and makes them more stable.

For example, Bitbo is tracking around 145 companies that have added Bitcoin to their balance sheets. His own company, Strategy, is one of them, and it holds 638,985 BTC. Saylor believes this choice strengthens these companies in the long term.

The second group is what he calls “true treasury companies.” These are businesses that are not just holding Bitcoin for safety, but are using it in a much bigger way. They treat Bitcoin as digital capital and create digital credit instruments from it. Saylor compared this with history, saying that for 300 years, the world worked on gold-backed credit. Now, he believes, the future will run on Bitcoin-backed credit for the next 300 years. 

Lower price swings and more big institutions getting involved are making Bitcoin more attractive for large investors. Saylor described the coming decade as a “digital gold rush.” He believes Bitcoin will become the base for new financial products and will change capital markets around the world.