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Michael Saylor, executive chairman of Strategy, thinks Bitcoin
He said growing interest from companies and large investors is gradually reducing the amount of Bitcoin available to buy.
In an interview with CNBC’s Closing Bell Overtime on September 23, Saylor explained that more businesses are holding Bitcoin as part of their financial strategy.
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At the same time, major exchange-traded funds (ETFs) are regularly purchasing Bitcoin for institutional clients.
According to Saylor, many companies are purchasing more Bitcoin than miners are currently producing. He added that this gap between supply and demand is one reason prices could start climbing again.
He also described two main types of companies that are investing in Bitcoin. The first are regular businesses that would normally use extra cash for shareholder payouts, such as dividends or stock buybacks. Instead, they are choosing to keep Bitcoin as a financial reserve.
The second group includes companies that focus solely on managing capital. These firms are using Bitcoin to back new types of financial products, such as digital credit.
Saylor compared this shift to the way economies once relied on gold to support credit systems. He stated:
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.
On September 15, Tom Lee, chairman of BitMine, shared his views on the growth of Bitcoin and Ethereum for the final quarter of 2025. What did he say? Read the full story.
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