Bitcoin Bull Market: Saylor Sees a 2035 “Last Gold Rush”
Strategy founder Michael Saylor said the Bitcoin bull market may still be in its early, high-growth phase, citing Bitcoin’s recovery above its 200-week moving average. He said institutional capital that moved into AI-related investments, including SpaceX, OpenAI, Anthropic and Nvidia, may now be returning to crypto.
Saylor identified four drivers of Bitcoin adoption: spot ETF securitisation, Bitcoin treasury companies, digital credit products and bank lending secured by Bitcoin. He expects Bitcoin-backed bank credit to become a major price catalyst over the next 36 months.
He also promoted Strategy’s STRC preferred stock, which is designed to provide roughly 12% annual income with lower volatility than Bitcoin. Saylor compared Bitcoin to raw oil and digital credit to refined fuel, arguing that structured products could make Bitcoin more accessible to traditional investors. The interview included significant conflicts of interest: Strategy holds more than 840,000 BTC, while Binance offers trading access to STRC.
Saylor argued that Bitcoin has outperformed gold over the past six years and has no monetary supply inflation. He estimated the crypto economy at about $3 trillion, compared with up to $1,200 trillion for other assets, and said Bitcoin adoption could expand substantially. He described the period through 2035, when roughly 99% of Bitcoin is expected to have been mined, as a final major accumulation phase. These projections are promotional views rather than independent forecasts.
Bullish
The news is bullish because Saylor outlined several potential sources of new Bitcoin demand: ETF flows, treasury companies, digital credit and future bank lending. His claim that institutional money is returning from AI investments could support short-term sentiment, especially if confirmed by spot Bitcoin ETF inflows, rising BTC futures open interest and improving liquidity. The recovery above the 200-week moving average is also a widely followed technical signal and may encourage momentum traders.
The longer-term thesis is that Bitcoin-backed credit could broaden access beyond direct spot exposure. Similar to the expansion of margin lending and mortgage finance in traditional markets, additional leverage can increase asset demand and valuations. However, it can also amplify liquidations and market instability during sharp declines.
The impact should be treated cautiously. STRC is a Strategy security rather than a cryptocurrency, and its 12% yield, price-support mechanism and underlying Bitcoin exposure carry issuer, liquidity, leverage and regulatory risks. Saylor and Binance have direct commercial interests in the product, making the interview promotional. Short-term traders may react positively, but the claims require confirmation through actual ETF flows, credit growth, BTC price structure and funding rates. If those indicators weaken, the bullish narrative could quickly reverse.