{"id":11122,"date":"2025-09-24T15:00:30","date_gmt":"2025-09-24T15:00:30","guid":{"rendered":"https:\/\/www.coinspeaker.com\/fr\/?p=11122"},"modified":"2025-09-24T12:03:25","modified_gmt":"2025-09-24T12:03:25","slug":"bitcoin-saylor-prevision-2025","status":"publish","type":"post","link":"https:\/\/www.coinspeaker.com\/fr\/bitcoin-saylor-prevision-2025\/","title":{"rendered":"Michael Saylor voit un rallye Bitcoin d\u00e8s fin 2025"},"content":{"rendered":"<h2>La demande organis\u00e9e grignote l&rsquo;offre disponible<\/h2>\n<p>Selon l&rsquo;analyse reprise par les desks, deux canaux siphonnent l&rsquo;offre nette : d&rsquo;une part les soci\u00e9t\u00e9s qui <strong>ajoutent<\/strong> du BTC en tr\u00e9sorerie, d&rsquo;autre part les ETF qui ach\u00e8tent pour le compte d&rsquo;investisseurs institutionnels.<\/p>\n<p>En 2025, un rapport largement comment\u00e9 \u00e9value les achats des <strong>entreprises<\/strong> \u00e0 environ 1 755 BTC par jour, auxquels s&rsquo;ajouteraient en moyenne 1 430 BTC par jour capt\u00e9s par les ETF.<\/p>\n<p>\u00c0 ce rythme, la demande d\u00e9passe m\u00e9caniquement la production neuve, ce qui finit par tendre le march\u00e9 \u00e0 mesure que les stocks faciles \u00e0 mobiliser se rar\u00e9fient. Un rappel visuel de ce d\u00e9s\u00e9quilibre circule largement sur X et met en sc\u00e8ne cette <strong>absorption quotidienne<\/strong> sup\u00e9rieure \u00e0 l&rsquo;\u00e9mission.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udcca INSIGHT: Companies are purchasing 1755 BTC a day. <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/OCsilxucX3\">pic.twitter.com\/OCsilxucX3<\/a><\/p>\n<p>&mdash; CoinDesk (@CoinDesk) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/CoinDesk\/status\/1964524547442446604?ref_src=twsrc%5Etfw\">September 7, 2025<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>900 BTC min\u00e9s par jour, une constante qui p\u00e8se de plus en plus<\/h2>\n<p>Les mineurs cr\u00e9ent approximativement <a href=\"https:\/\/bitbo.io\/how-many-bitcoin\/#:~:text=How%20Many%20Bitcoins%20Are%20Mined,new%20bitcoins%20mined%20per%20day.\" target=\"_blank\" rel=\"\"><strong>900<\/strong> BTC par jour<\/a> en moyenne. Cette <strong>cadence<\/strong> n&rsquo;a rien de spectaculaire en soi, mais elle prend une autre dimension quand on la confronte \u00e0 des flux entrants plus \u00e9lev\u00e9s et plus r\u00e9guliers c\u00f4t\u00e9 entreprises et produits indiciels.<\/p>\n<p>Moins d&rsquo;offre neuve face \u00e0 une demande plus profonde, c&rsquo;est la recette <strong>classique<\/strong> des tensions d&rsquo;approvisionnement. L\u00e0 encore, un rep\u00e8re simple circule sur X : la production quotidienne des mineurs oscille autour de cette barre des 900 unit\u00e9s, ce qui donne un \u00e9talon pratique pour mesurer la pression exerc\u00e9e par les <a href=\"https:\/\/www.coinspeaker.com\/fr\/saylor-bitcoin-tresor\/\">acheteurs structurels<\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"474\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> miners see <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> income halve every four years. In the current epoch, miners avg between 900 and 1,000 <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> per day.<\/p>\n<p>Despite this reduction in <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BTC<\/a> denominated income, miner revenue in USD is up 550% since the 2020 halving, and approaching an ATH of $62M+ per day. <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/t.co\/ucswcut7wH\">pic.twitter.com\/ucswcut7wH<\/a><\/p>\n<p>&mdash; glassnode (@glassnode) <a rel=\"noopener noreferrer\" target=\"_blank\" rel=\"noopener nofollow sponsored\" href=\"https:\/\/twitter.com\/glassnode\/status\/1457516439259152388?ref_src=twsrc%5Etfw\">November 8, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Un march\u00e9 secou\u00e9, mais sans rupture de fond<\/h2>\n<p>\u00c0 court terme, la photographie des prix reste <strong>compliqu\u00e9e<\/strong>. Sur sept jours, Bitcoin a navigu\u00e9 entre un point bas autour de 111 600 dollars et un haut proche de 117 800, avec des \u00e0-coups intraday entre 111 300 et 113 300 sur 24 heures.<\/p>\n<p>Lundi, pr\u00e8s de 2 milliards de dollars de positions ont \u00e9t\u00e9 <strong>liquid\u00e9es<\/strong>, l&rsquo;un des plus gros \u00ab\u00a0rin\u00e7ages\u00a0\u00bb de l&rsquo;ann\u00e9e. Les analystes y voient surtout des d\u00e9clenchements techniques, pas un signal de d\u00e9gradation fondamentale.<\/p>\n<p>Ce type de purge a un effet <strong>paradoxal<\/strong> : il soulage les exc\u00e8s de levier tout en rappelant que le chemin vers un rallye n&rsquo;est jamais une ligne droite. La question centrale reste pos\u00e9e : si l&rsquo;absorption institutionnelle continue au m\u00eame rythme alors que l&rsquo;\u00e9mission demeure compress\u00e9e, combien de temps le march\u00e9 peut-il rester coinc\u00e9 dans un couloir <strong>\u00e9troit<\/strong> ?<\/p>\n<h2>Ce que Saylor met derri\u00e8re \u00ab\u00a0tr\u00e9sorerie Bitcoin\u00a0\u00bb<\/h2>\n<p>C&rsquo;est chez CNBC que Saylor a <strong>distingu\u00e9<\/strong> deux familles d&rsquo;entreprises acheteuses. Les \u00ab\u00a0op\u00e9rationnelles\u00a0\u00bb, qui auraient pu rendre du capital via dividendes ou rachats d&rsquo;actions et choisissent Bitcoin comme actif de r\u00e9serve.<\/p>\n<p><iframe loading=\"lazy\" title=\"Bitcoin is good for the nation, U.S. ought to own large part of cyberspace: MicroStrategy\u2019s Saylor\" width=\"474\" height=\"267\" src=\"https:\/\/www.youtube.com\/embed\/MSMJBmo_q4s?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p>Et les \u00ab\u00a0vraies soci\u00e9t\u00e9s de tr\u00e9sorerie\u00a0\u00bb, qui capitalisent sur <strong>Bitcoin<\/strong> pour \u00e9mettre des instruments de cr\u00e9dit adoss\u00e9s \u00e0 un collat\u00e9ral num\u00e9rique rare. Sa grille de lecture est historique : trois si\u00e8cles de cr\u00e9dit adoss\u00e9 \u00e0 l&rsquo;or d&rsquo;un c\u00f4t\u00e9, et, selon lui, l&rsquo;essor d&rsquo;un \u00ab\u00a0cr\u00e9dit adoss\u00e9 \u00e0 l&rsquo;or num\u00e9rique\u00a0\u00bb pour les si\u00e8cles \u00e0 venir.<\/p>\n<p>Dans les deux cas, l&rsquo;effet sur le march\u00e9 spot est le m\u00eame : ce ne sont pas des mains <strong>fugaces<\/strong>, mais des acheteurs m\u00e9thodiques qui retirent des coins de la circulation pour des horizons longs, avec des processus de conformit\u00e9 et de garde adapt\u00e9s.<\/p>\n<p>Cette mont\u00e9e en puissance ne supprime pas la volatilit\u00e9, elle en change la nature : moins de surench\u00e8re retail, plus de <strong>flux lourds<\/strong> qui s&rsquo;additionnent et finissent par d\u00e9placer la courbe.<\/p>\n<h2>Une fin d&rsquo;ann\u00e9e favorable<\/h2>\n<p>Selon Bitfinex, la demande post-halving pourrait \u00eatre cinq fois sup\u00e9rieure \u00e0 l&rsquo;offre, avec une nouvelle offre qui pourrait tomber \u00e0 seulement 30 millions de dollars par jour, significativement inf\u00e9rieure \u00e0 la demande moyenne des ETF <strong>Bitcoin spot<\/strong>.<\/p>\n<p>L&rsquo;argument n&rsquo;a rien de mystique. Les mineurs livrent un <strong>d\u00e9bit<\/strong> connu, les ETF et les bilans d&rsquo;entreprises absorbent une part croissante de ce qui sort, tandis que les r\u00e9serves facilement mobilisables se contractent.<\/p>\n<p>Si l&rsquo;environnement macro se d\u00e9tend et que la contrainte de taux s&rsquo;all\u00e8ge, le terrain de fin 2025 peut redevenir favorable. Dans cette configuration, le sc\u00e9nario avanc\u00e9 par Saylor tient surtout \u00e0 une arithm\u00e9tique simple : quand la demande r\u00e9currente d\u00e9passe l&rsquo;offre r\u00e9currente, le prix finit par trouver un nouveau <strong>palier<\/strong>.<\/p>\n<hr \/>\n<p><strong>\u00c0 lire aussi :<\/strong><\/p>\n<ul>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/saylor-bitcoin-tresor\/\">Saylor positionne Bitcoin comme le tr\u00e9sor des d\u00e9cennies \u00e0 venir<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/bitcoin-mineurs-vendre-etf\/\">Bitcoin : Les mineurs vendent, les ETF ach\u00e8tent, 485 M vs 179,4 M<\/a><\/li>\n<li><a href=\"https:\/\/www.coinspeaker.com\/fr\/michael-saylor-3-pour-cent-bitcoin\/\">Michael Saylor contr\u00f4le 3 % du Bitcoin mondial via Strategy<\/a><\/li>\n<\/ul>\n<a class=\"infinscroll_next_page_link\" style=\"display:none\" href=\"https:\/\/www.coinspeaker.com\/fr\/snorter-memecoin-transforme-telegram-machine-cash\/\" rel=\"prev\">next<\/a>","protected":false},"excerpt":{"rendered":"<p>Le message est limpide : une fois les vents contraires macro absorb\u00e9s, Bitcoin devrait \u00ab\u00a0r\u00e9acc\u00e9l\u00e9rer franchement\u00a0\u00bb vers la fin de 2025. Michael Saylor l&rsquo;explique par un d\u00e9s\u00e9quilibre de plus en plus visible entre une offre neuve limit\u00e9e et une demande qui s&rsquo;installe chez les entreprises et via les ETF au comptant. <\/p>\n","protected":false},"author":200,"featured_media":11126,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1,33],"tags":[],"class_list":["post-11122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Michael Saylor voit un rallye Bitcoin d\u00e8s fin 2025<\/title>\n<meta name=\"description\" content=\"Michael Saylor pr\u00e9dit une reprise massive du Bitcoin fin 2025, port\u00e9e par la demande des entreprises et des ETFs d\u00e9passant l\u2019offre.\" \/>\n<meta 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Roux","image":{"@type":"ImageObject","inLanguage":"fr-FR","@id":"https:\/\/www.coinspeaker.com\/fr\/#\/schema\/person\/image\/","url":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/06\/cropped-pp-1-96x96.png","contentUrl":"https:\/\/www.coinspeaker.com\/fr\/wp-content\/uploads\/sites\/6\/2025\/06\/cropped-pp-1-96x96.png","caption":"Emmanuel Roux"},"description":"Issu de la finance traditionnelle, j\u2019ai naturellement bascul\u00e9 vers l\u2019univers crypto, attir\u00e9 par son potentiel. Je souhaite y apporter mon approche analytique et rationnelle, tout en conservant ma curiosit\u00e9. En dehors de l\u2019\u00e9cran, je lis beaucoup (\u00e9conomie, essais, un peu de science-fiction) et je prends plaisir \u00e0 bricoler. Le DIY, pour moi, c\u2019est comme la crypto : comprendre, tester, construire soi-m\u00eame.","url":"https:\/\/www.coinspeaker.com\/fr\/author\/emmanuel\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/11122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/users\/200"}],"replies":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/comments?post=11122"}],"version-history":[{"count":3,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/11122\/revisions"}],"predecessor-version":[{"id":11167,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/posts\/11122\/revisions\/11167"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media\/11126"}],"wp:attachment":[{"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/media?parent=11122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/categories?post=11122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.coinspeaker.com\/fr\/wp-json\/wp\/v2\/tags?post=11122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}