Bitcoin News Today: Saylor Sees Bitcoin as Superior to Gold, Hints at Fresh Buy

Michael Saylor, co-founder and executive chairman of MicroStrategy, has reiterated his bullish stance on Bitcoin, forecasting 30% annual growth for the next two decades. Speaking live on CNBC on August 24, 2025, Saylor emphasized Bitcoin’s potential to outperform traditional assets like gold and government bonds due to its scarcity, transparency, and global accessibility. His prediction aligns with MicroStrategy’s long-term strategy of accumulating Bitcoin, a practice the company has maintained since 2020. Currently, the firm holds over 226,000 BTC, making it the largest corporate holder of the cryptocurrency [1].

Saylor’s comments have drawn significant attention, especially as they signal a potential new Bitcoin purchase by MicroStrategy. On X, he posted, “Bitcoin is on Sale,” accompanied by a chart illustrating the firm’s Bitcoin acquisition history. This messaging has sparked speculation among investors that MicroStrategy may be preparing to purchase more Bitcoin, leveraging what Saylor sees as favorable market conditions following a recent price decline. The company has historically announced new acquisitions shortly after such statements, reinforcing market expectations of continued corporate accumulation [1].

The broader market, however, has shown signs of volatility. Recent data indicates a slowdown in institutional Bitcoin purchases, with some metrics pointing to increased sell-off risks. Charles Edwards, founder of Capriole investment fund, highlighted that the share of companies with a market net asset value (mNAV) below 1 has reached a record 27%. This suggests that the market capitalization of some firms has fallen below the value of their Bitcoin reserves, creating a scenario where issuing stock to buy Bitcoin becomes less attractive [6].

Concurrently, the performance of Bitcoin ETFs has reflected this shift in sentiment. Over the past four trading days, U.S. spot Bitcoin and Ethereum ETFs have experienced significant outflows, with BlackRock’s iShares Bitcoin Trust (IBIT) recording $220 million in redemptions on August 20. These outflows are part of a broader trend where investors are pulling funds from crypto ETFs, contributing to downward pressure on Bitcoin and Ethereum prices. The market’s recent correction has seen Bitcoin fall by over 8% in the last week, raising concerns about potential institutional sell-offs [7].

Despite these bearish signals, Saylor remains confident in Bitcoin’s long-term trajectory. He argues that the cryptocurrency’s fixed supply of 21 million coins, combined with its increasing adoption by individuals and institutions worldwide, will drive its value higher. MicroStrategy’s approach of accumulating Bitcoin regardless of price fluctuations underscores this belief. According to the company’s executive, the strategy is to continue purchasing Bitcoin “at the highs” indefinitely, reinforcing the firm’s commitment to its digital asset holdings [1].

The debate over Bitcoin’s future is not limited to corporate and institutional perspectives. Early adopters remain skeptical of the growing involvement of traditional financial institutions in the cryptocurrency space. Preston Pysh, co-founder of Ego Death Capital, has raised concerns that institutional adoption may shift Bitcoin away from its original purpose. He notes that early Bitcoin users, whom he calls “Bitcoin psychopaths,” built the asset’s value through self-custody and resilience through market downturns, rather than institutional backing [5].

Despite these concerns, the data shows that institutional interest in Bitcoin continues to grow. A report from Coinbase and EY-Parthenon found that 83% of institutional investors plan to increase their crypto allocations in 2025. However, this growing interest also introduces new risks, including leverage unwinds and regulatory shocks, which could potentially trigger a bear market [4].

Source: [1] Saylor Predicts Bitcoin Will Go Up 30% a Year For the Next 20 Years, Hints at Another Strategy for BTC Purchase (https://coingape.com/saylor-predicts-bitcoin-will-go-up-30-a-year-for-the-next-20-years-hints-at-another-strategy-for-btc-purchase/) [2] Saylor Predicts Bitcoin Will Go Up 30% a Year ... (https://www.facebook.com/manuel.guevarra.369210/posts/saylor-predicts-bitcoin-will-go-up-30-a-year-for-the-next-20-years-hints-at-anot/754149****31562/) [3] This Harvard Economist Once Predicted That Bitcoin Had A ... (https://finance.yahoo.com/news/harvard-economist-once-predicted-bitcoin-144609669.html) [4] Bitcoin bear market is likely years away (https://cointelegraph.com/news/bitcoin-bear-market-years-away-david-bailey) [5] Early Bitcoin Adopters Skeptical of Institutional Adoption (https://coinmarketcap.com/academy/article/early-bitcoin-adopters-skeptical-of-institutional-adoption) [6] Expert predicts a large-scale bitcoin sell-off (https://forklog.com/en/expert-predicts-a-large-scale-bitcoin-sell-off/) [7] BlackRock's Bitcoin and Ethereum ETFs leads market ... (https://cryptoslate.com/insights/blackrocks-bitcoin-and-ethereum-etfs-leads-market-exodus-of-over-500-million/)