As Bitcoin is in the multi-year bull phase, David Bailey claims it will be driven by a surge in institutional demand, a shrinking supply and a subsequent wave of tides in the undeveloped capital.
Can’t you see the code winter? Bailey watches Bitcoin in multi-year bull mode with firepower
The rise in optimism over Bitcoin’s long-term trajectory is intensifying as supporters emphasizes growing institutional interest and constraints on structural supply. David Bailey, president Donald Trump’s advisor on Bitcoin Policy and chief executive of BTC Inc., accused him of entering a new phase of encryption adoption on social media platform X on August 23, the parent company of Bitcoin Magazine and host of the Bitcoin Conference. Also, Bailey, who founded Nakamoto Holdings, which recently purchased 5,764.91 BTC for the Ministry of Corporate Finance, said:
There will be no separate Bitcoin Bear Market for several years. All sovereigns, banks, insurance companies, businesses, pensions and more own Bitcoin.
“The process is already in full swing, but we haven’t caught 0.01% of TAM. We’re going much higher. We’re dreaming,” he added.
He emphasized that the current cycle marks a turning point, and in another X post states: Bailey describes this trend as “an eternal September of institutional Bitcoin adoption,” emphasizing that under 1% of facilities hold Bitcoin, among which the allocation remains below 1%. He argued that “99.99% of demand is ahead of us,” pointing to less than $1 trillion in liquidity available as an important constraint on meeting potential institutional influx.
Advocates warn that volatility, regulatory pressures, and macroeconomic uncertainty remain risky, while limited supply and growing institutional exposure provide the basis for sustained benefits. Supporters argue that even small allocations across sovereign funds, banks and pensions can dramatically alter market dynamics and significantly increase valuation.
Last week, Coinbase CEO Brian Armstrong shared a prediction that Bitcoin could reach $1 million by 2030. He expects that many major institutions currently allocate only 1% of their portfolio, but that figure could rise significantly as reliability increases. Armstrong attributed the bullish outlook to a decline in concerns about crypto ETFS momentum, government adoption (US adoption that holds Bitcoin reserves), and regulations.
