Trump Adviser Bailey Sees No Bitcoin Bear Market for Years Even as Price Hits August Bottom

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 ￰0￱ bold prediction comes as Bitcoin struggles with price momentum despite reaching a new all-time high of $124,000 on August ￰1￱ crypto currently trades around $112,000, representing a 10% decline from its peak and marking what analysts consider a concerning August bottom amid broader altcoin strength.

There’s not going to be another Bitcoin bear market for several ￰2￱ Sovereign, Bank, Insurer, Corporate, Pension, and more will own ￰3￱ process has already begun in earnest, yet we haven’t even captured 0.01% of the TAM. We’re going so much ￰4￱ big — David Bailey $1.0mm/btc is the floor (@DavidFBailey) August 23, 2025 Bailey’s comments sparked debate among crypto veterans, with some questioning why Bitcoin declined during a raging bull equity market if institutional demand remains so ￰5￱ noted that Bitcoin treasury companies face mounting pressure, with nearly a quarter trading below net asset value as market conditions ￰6￱ Appetite Contrasts With Technical Weakness Bailey defended Bitcoin’s recent weakness by attributing price pressure to futures and options manipulation rather than fundamental demand ￰7￱ 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 ￰8￱ Bitcoin holdings have exploded to over $215 billion, with close to 300 entities, with public companies controlling 71.4% of total institutional reserves.) August 24, 2025 Coinbase CEO Brian Armstrong also predicted Bitcoin could reach $1 million by ￰9￱ cited regulatory clarity and institutional adoption as key drivers for the ambitious target, noting many large funds currently hold about 1% Bitcoin allocations with room for significant expansion.

Similarly, Copper’s head of research, Fadi Aboualfa, suggested Bitcoin appears “primed for another significant leg upward” but cautioned that institutional-driven markets may follow a “more tempered path” compared to previous retail-fueled ￰10￱ projected Bitcoin could breach $140,000 in September and reach $150,000 by early October. However, Galaxy Digital CEO Mike Novogratz provided a contrarian perspective, warning that million-dollar Bitcoin predictions would likely reflect ￰11￱ collapse rather than crypto ￰12￱ argued he would prefer lower Bitcoin prices in a stable economy over extreme valuations driven by a currency ￰13￱ 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 ￰14￱ blockchain analytics firm found that current cycle duration and long-term holder profit-taking levels closely mirror previous ￰15￱ 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.