Michael Saylor Doubles Down on Bitcoin as BlackRock ETF Outshines S&P 500

Michael Saylor, founder of Strategy (formerly MicroStrategy), has once again issued a bullish outlook for Bitcoin. In a recent post on X, he shared a chart with strong buy signals extending into July, suggesting continued upward momentum for BTC. Saylor, a long-time Bitcoin advocate, also reaffirmed his belief that the iShares Bitcoin Trust ETF (IBIT) is set to become the most profitable ETF under BlackRock’s management.

Supporting this view, data shared by analyst Matthew Sigel revealed that BlackRock’s Bitcoin ETF has already surpassed its flagship S&P 500 fund in revenue generation. This unexpected performance highlights the growing influence of institutional investment in the crypto space.

On-chain analyst Ali Martinez added to the optimism, reporting over $9.2 billion in realized Bitcoin profits recently. However, despite the bullish sentiment, Bitcoin's price action has lagged behind the record-breaking gains of the S&P 500 and Nasdaq Composite. BTC posted a 15% gain in H1 2025, solid but below crypto market expectations.

Analysts suggest that the slowdown may be due to reduced retail activity, with institutional players like Strategy driving most of the market movement through continued accumulation. Still, long-term optimism persists.

Cathie Wood, CEO of Ark Invest, pointed to U.S. macroeconomic factors such as deregulation and potential tax cuts as catalysts for renewed investment and risk appetite. She believes that a decline in interest rates could fuel a broader rally in high-risk assets, including Bitcoin and tech stocks.

While Bitcoin’s short-term trajectory remains uncertain, the growing institutional support and favorable policy outlook provide strong fundamentals for a long-term bullish case.