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Aug 25, 2025Trump adviser Bailey sees no Bitcoin bear market for years citing massive institutional adoption even as price hits August bottom near $112K.
Bitcoin CEO and Trump crypto policy adviser David Bailey declared there will be no Bitcoin bear market for several years, citing massive institutional adoption even as Bitcoin trades near its August bottom of $112,000.
Bailey argued that sovereigns, banks, insurers, corporates, and pension funds will drive continuous buying pressure, claiming the market hasn’t captured even 0.01% of the total addressable market.
The bold prediction comes as Bitcoin struggles with price momentum despite reaching a new all-time high of $124,000 on August 13.
Institutional Appetite Contrasts With Technical Weakness
Bailey defended Bitcoin’s recent weakness by attributing price pressure to futures and options manipulation rather than fundamental demand shifts.
He maintained that growing institutional adoption represents the first genuine institutional buy-in Bitcoin has experienced, distinguishing current conditions from previous cycles driven primarily by retail speculation.
Corporate Bitcoin holdings have exploded to over $215 billion, with close to 300 entities, with public companies controlling 71.4% of total institutional reserves.
Cycle Debate Intensifies as Altcoins Outperform Bitcoin
Bailey’s no-bear-market thesis contradicts Glassnode analysis, suggesting Bitcoin’s traditional four-year cycles remain structurally intact despite institutional integration.
The blockchain analytics firm found that current cycle duration and long-term holder profit-taking levels closely mirror previous patterns.
Glassnode data indicates Bitcoin’s current cycle has maintained supply above profitable levels for 273 days, making it the second-longest duration on record behind the 2015-2018 cycle’s 335 days.
Capital inflows weakened despite new all-time highs, with realized cap increases reaching only 6% monthly compared to 13% during the initial $100,000 breakout.
Derivatives markets continue exhibiting elevated risk appetite characteristic of mature bull phases, with Bitcoin futures open interest maintaining $67 billion levels.
Source >> Trump Adviser Bailey Sees No Bitcoin Bear Market for Years Even as Price Hits August Bottom