No more Bitcoin bear market? David Bailey with bold thesis

INFBusiness
26.08.2025
News

David Bailey, CEO of Bitcoin Magazine, predicted on X that there will be no more classic Bitcoin bear markets in the coming years.
Trump's crypto advisor is known for his extremely bullish stance on Bitcoin and regularly attracts attention with optimistic statements.
He recently founded the Bitcoin treasury company “Nakamoto,” which has already invested around $679 million in BTC.
Nakamoto's goal is to accumulate as many Bitcoin as possible, following the example of Strategy (formerly MicroStrategy).
“Every government, every bank, every insurer, every company, every pension fund, and many more will own Bitcoin. The process has already begun in earnest, but we haven't even reached 0.01 percent of the TAM yet,” Bailey said.

There's not going to be another Bitcoin bear market for several years.

Every Sovereign, Bank, Insurer, Corporate, Pension, and more will own Bitcoin. The process has already begun in earnest, yet we haven't even captured 0.01% of the TAM.

We're going so much higher. Dream big

— David Bailey🇵🇷 $1.0mm/btc is the floor (@DavidFBailey) August 23, 2025

He continued: “We will rise much higher. Dream big!”
Bailey doesn't give a specific reason for his forecast, but he could be referring to the increasing role of Bitcoin treasury firms and spot ETFs.
Last week, the ETFs recorded net outflows of around $1.2 billion, but overall they have accumulated significant amounts of BTC over the long term. Since trading began in January 2024, over $53 billion has flowed into the index funds from BlackRock, Fidelity, and others.
In addition to ETFs, treasury firms like Strategy and Metaplanet also regularly purchase BTC, further reducing the available supply. At the same time, only about 450 new BTC are mined daily.

Critics of the Bailey thesis point out, however, that in every previous cycle it was claimed that there would be no bear market this time – and yet it came every time.

Bailey, however, emphasizes that the current situation is unique because demand is now driven by real institutions and companies. Whether this bullish Bitcoin assessment will actually be confirmed remains to be seen.

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