Institutional investors are buying most of the 450 BTC available daily, significantly reducing Bitcoin's circulating supply.
U.S. regulatory changes under new leadership are viewed as favorable for long-term Bitcoin adoption and growth.
Bitcoin ETFs, led by BlackRock's IBIT, now hold substantial BTC reserves, further reducing available supply.
Bitcoin may be on the path toward a $1 million valuation, according to Michael Saylor, founder of Strategy. In a recent interview with Bloomberg, Saylor stated that growing institutional demand, U.S. regulatory shifts, and government-level interest in digital assets are forming a strong foundation for Bitcoin’s next major rally.
Saylor emphasized that major financial institutions have begun offering Bitcoin custody services to clients. He noted that only about 450 BTC are available daily from organic sellers, estimating this to be worth approximately $50 million. With institutions steadily purchasing this available supply, Saylor suggested that prices are likely to rise.
He also disclosed that Strategy recently acquired 1,045 BTC for around $110 million. Several other publicly traded firms, including GameStop and Trump Media, are reportedly raising capital to increase their Bitcoin holdings.
U.S. Regulatory Landscape Shifts Toward Crypto-Friendly Policies
According to Saylor, changes in U.S. leadership and regulatory posture could significantly boost Bitcoin’s position. The new SEC Chair, Paul Atkins, along with the incoming CFTC head, are both seen as supportive of digital assets. Saylor mentioned that these appointments, along with increasing White House support, are shifting the tone in Washington.
He pointed to current legislative efforts in the U.S. Senate aimed at passing pro-crypto bills. At the same time, a bill is being pushed in the House to turn an executive order signed by President Trump into law. This would establish a formal Strategic Bitcoin Reserve.
Bitcoin ETFs Tighten Market Supply
Exchange-traded funds are also playing a key role. Saylor cited BlackRock’s Bitcoin ETF, IBIT, which has reached $70 billion in assets within 341 trading days. This ETF now holds nearly 700,000 BTC. He explained that such large accumulations by ETFs are steadily removing Bitcoin from public circulation.
Nation-states have also entered the picture. Saylor said some governments are actively buying Bitcoin as part of their reserves. These purchases contribute further to the tightening of Bitcoin’s already limited supply.
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