Here are four unstoppable forces that could drive this rally straight through next year - and beyond.
1. Spot Bitcoin ETFs Are Draining the Supply - Fast
In January 2024, the SEC approved 11 spot Bitcoin ETFs… and the floodgates opened.
Since then, Bitcoin’s price has nearly tripled. Why? Because ETFs have hoovered up $180 BILLION worth of Bitcoin (BTC) - that’s 1.5 million BTC gone from the open market.
Here’s the kicker: Only 19.9 million BTC have ever been mined. Take away the 3–4 million BTC believed to be lost forever… and the real circulating supply is just 16.4 million.
These ETFs now hold over 9% of all the Bitcoin in existence - and they did it in just 19 months. Supply is getting tighter by the day… and when demand spikes in a market like this, prices don’t just rise - they launch.
2. The Biggest Institutions Are Finally In
Earlier this week, Harvard University - the world’s largest university endowment - revealed a stake in the iShares Bitcoin ETF (IBIT) worth about $130 million.
This is a game-changer. Harvard’s move gives every other endowment, pension fund, and institutional giant a green light. I expect Bitcoin will be on the agenda at every major endowment meeting over the next year.
When Wall Street’s whales decide to feed… they don’t nibble - they swallow whole.
3. Bitcoin in Your 401(k) - The Retirement Revolution
Last week, President Trump signed an executive order allowing Americans to own Bitcoin directly inside their 401(k) retirement accounts.
That’s a potential $9 trillion pool of capital. If just 0.5% of that shifts into Bitcoin over the next few years, that’s $45 billion in fresh demand - tax-advantaged, long-term, and sticky.
We’re talking about a tidal wave of buying power hitting a market with a fixed, shrinking supply. You don’t need an economics degree to know what happens next.
4. Corporate Treasuries Are Turning into Bitcoin Vaults
You’ve heard of MicroStrategy (now called Strategy). They’ve been stacking Bitcoin for years… and now own 629,000 BTC worth about $75.9 billion.
In total, corporate treasuries hold 935,000 BTC - a jaw-dropping $113 billion. And many of these companies have already announced plans to raise more money specifically to buy Bitcoin.
What is most interesting is that most haven’t made their next purchases yet. When they do, the supply squeeze gets even tighter… and prices have nowhere to go but up.
The Bottom Line
We’re staring down one of the most powerful setups in Bitcoin’s history:
• Soaring demand from new channels
• Locked-up supply
• Institutional FOMO kicking in
Mark my words - this isn’t the end of the rally. This is the beginning of the next leg up.
Bitcoin’s not just going to break through all-time highs… it’s going to leave them in the dust.
Here’s to the future,
Matt McCall
Editor, Market Insights
