Bitcoin Enters a Maturity Phase, According to Michael Saylor

The crypto market is going through a strange period: the bull and the bear seem to be lurking in the shadows. Bitcoin moves silently, between promises of spectacular takeoffs and threats of sudden pullbacks. Yet, neither of these predators bares its fangs or horns. So, who will take the advantage in this new phase? Does the apparent boredom hide a profound transformation? For Michael Saylor, an emblematic figure of the industry, it is indeed maturity that is settling in.

A Less Volatile, More Institutional Bitcoin 

Michael Saylor, Executive Chairman of Strategy, reminds us that the drop in volatility is not a weakness, but a sign of maturity. For him, a calmer bitcoin opens the door to financial giants.

You want volatility to decrease so that mega-institutions feel comfortable entering the space with big positions. The dilemma is this: if mega-institutions arrive and volatility decreases, it will become boring for a while. And since it’s boring for a while, people’s adrenaline will subside.

Michael Saylor – Source: Interview with Natalie Brunell

What he describes is a transition to a phase where adrenaline-hungry traders give way to massive funds. The crypto market loses its lottery aspect to become a serious ground for pension funds and public companies. Certainly, it may seem “boring” for those who lived the daily ups and downs, but it is an essential step.

Because fewer roller coasters mean more stability. And that is exactly what long-term crypto investors need.

The 2025-2035 decade: a crypto rush comparable to gold 

Saylor looks further ahead. According to him, the real crypto revolution will be written over the next ten years. 

It’s the digital rush for gold between 2025 and 2035. There will be a huge number of new business models, many new products created, new companies launched, lots of money made, but also many mistakes made and huge fortunes built. That is the chaos of the market.

Michael Saylor

In other words, bitcoin would not be asleep but under construction. The current consolidation is preparing the ground for a larger ecosystem. We can already compare this phase to the rise of oil in the 19th century: first a curiosity, then a global pillar. 

The crypto market is about to cross a similar milestone, with its inevitable errors and colossal successes.

And if some investors are bearish in the short term, it is often due to lack of perspective. Over one year, Saylor reminds us, the bitcoin price has risen by 99%. No reason to cry disaster.

Crypto financial products tailored for Wall Street  

To accelerate this maturity, Strategy has launched a series of innovative financial products. Strike, Strife, Stride, or Stretch are not simple securities: they create a bridge between Bitcoin and traditional markets. These instruments, based on fixed or variable yields, transform BTC into credible collateral for the most cautious investors.

The bet is clear: to bring bitcoin into traditional portfolios, no longer as a speculative curiosity, but as a solid building block of diversification. Practically, this results in yields up to 12.7% for certain instruments, with overcollateralization reassuring the markets.

Key figures of bitcoin maturity:

• 99% increase in one year despite a feeling of stagnation;
• $117.9 billion of BTC held by public companies’ treasuries;
• 12.7% effective yield on the Stride instrument;
• 185 companies already positioned as “Bitcoin treasury companies” in 2025.

These data illustrate a profound mutation: Bitcoin is no longer a simple asset, but a pillar of financial engineering.

While the market seems hesitant, one phenomenon intrigues: more than 72% of bitcoins in circulation are now illiquid . This silent accumulation by large investors reinforces the impression of a rare and tightly locked asset. Behind the apparent calm, bitcoin is actually arming itself for its next great phase of expansion.