Trump Adviser Bailey Predicts Bitcoin Bull Run Will Last for Years Despite August Dip

Bitcoin (BTC) remains in a strong bull cycle, according to Trump crypto policy adviser David Bailey, who argues that institutional adoption will prevent a bear market for years to come — even as prices touched an August low near $112,000.

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No Bitcoin Bear Market Ahead, Says Bailey

Bailey, who also leads Bitcoin-focused corporate initiatives, believes sovereign wealth funds, pension schemes, insurers, banks, and major corporates are only beginning to scratch the surface of Bitcoin’s potential.

He highlighted that Bitcoin adoption has barely captured 0.01% of its total addressable market, leaving plenty of upside for long-term growth.

“There’s not going to be another Bitcoin bear market for several years. Every Sovereign, Bank, Insurer, Corporate, Pension, and more will own Bitcoin.”

Bailey noted.

Bitcoin’s August Bottom Near $112K

Despite hitting an all-time high of $124,000 on August 13, Bitcoin has since retraced by around 10%, trading near $112,000 at month’s end. Analysts have labeled this the “August bottom”, even as altcoins such as Ethereum and BNB surged to new highs.

Skeptics argue that if institutional demand is truly as strong as Bailey claims, Bitcoin shouldn’t be underperforming equities. In fact, nearly a quarter of Bitcoin treasury companies are trading below net asset value, raising concerns about balance sheet risks.

Institutional Buying vs. Market Weakness

Bailey attributes Bitcoin’s recent softness to derivatives-driven manipulation in futures and options, not a decline in fundamental demand.

Corporate Bitcoin holdings are now worth over $215 billion, with around 300 entities participating:

• MicroStrategy leads with 629,000 BTC.
• MARA Holdings follows with more than 50,000 BTC.

Still, new research warns that many firms rely on negative-carry trades — borrowing fiat to buy Bitcoin — making them highly dependent on price appreciation. Mining companies remain especially vulnerable, often turning unprofitable below the $100,000 level.

Price Predictions: $150K or $1M?

Institutional players remain bullish despite volatility:

• VanEck reaffirmed its $180,000 year-end target, pointing to strong ETF inflows and rising CME funding rates.
• Coinbase CEO Brian Armstrong forecasted Bitcoin could hit $1 million by 2030, fueled by regulatory clarity and institutional adoption.
• Copper’s Fadi Aboualfa projected BTC could reach $140K in September and $150K by October, though he expects more tempered growth compared to retail-led cycles.
• Mike Novogratz (Galaxy Digital) pushed back, warning that ultra-high Bitcoin prices would more likely signal U.S. economic collapse rather than crypto’s success.

Cycles, Altcoins, and Market Rotation

Not everyone agrees with Bailey’s “no bear market” outlook. Glassnode data suggests Bitcoin still follows its traditional four-year cycle, with current holder behavior closely mirroring earlier patterns.

Meanwhile, altcoins are stealing the spotlight:

• Ethereum (ETH) hit a record ~$5,000 and could push toward $6,900.
• BNB surged near $900 on token burn momentum.
• Early whales are rotating into altcoins, with one investor moving 400 BTC ($45.5M) into leveraged ETH positions.

Bottom Line

Bailey’s claim that Bitcoin won’t see a bear market for years highlights the growing institutional confidence in crypto. Yet, with altcoins outperforming and structural risks lingering for corporate treasuries and miners, the debate over Bitcoin’s next big move is far from settled.

For investors and traders, the coming months may prove decisive in testing whether institutional adoption can truly rewrite Bitcoin’s historic boom-and-bust cycles.

Liam Anderson

Liam is an igaming industry expert with over a decade of experience in game development and casino operations. At Bonustly, he provides players with honest and insightful reviews, drawing from his deep understanding of how the industry works behind the scenes. He personally tests every casino he reviews, ensuring fairness, transparency, and value for players. By staying on top of industry trends, he delivers up-to-date and reliable information on the ever-evolving world of Crypto Casinos.