Michael Saylor says Bitcoin has bottomed, Calls market a ‘Spring’ phase

Bitcoin price has slid straight from $125,000 to $60,000 levels over the last 6 months, leading the crypto market’s massive decline. However, Michael Saylor suggests that the BTC market will recover soon. In an interview, Saylor described the situation as a warming spring period. He mentioned that BTC is currently in a highly supported zone and is set for recovery.

The cumulative digital assets market stood clueless on Friday as the biggest tokens barely moved. The total crypto market cap hovers below $2.6 trillion with a 24-hour trading volume of $75 billion. The Fear and Greed Index depicts that “Fear” has returned among the investors after witnessing the fresh dip.

Strategy may buy all Bitcoin mined until 2140

Former Strategy CEO highlighted that the scale of the strategy that the firm intends to pursue regarding Bitcoin for many years. He said that “Our company may buy all the Bitcoin produced by miners from now until 2140.”

He even claimed that the demand from institutions and corporations for BTC was steadily rising. It happened along with the expansion of the credit markets for digital assets. The year 2140 is the projected year the last Bitcoin will be mined.

This morning on CNBC, I discussed the case for Digital Credit $STRC, its impact on $MSTR, and my long-term $BTC forecast with @JoeSquawk. pic.twitter.com/0Hmz8BLfuG

— Michael Saylor (@saylor) May 21, 2026

Strategy became the largest corporate holder of Bitcoin among publicly traded companies. As of now, it holds more than 840,000 BTC. CoinGecko Treasury Tracker shows that the firm continuously bought BTC despite market conditions being bearish or bullish. Strategy accumulated over 100,000 BTC year-to-date. With those actions, the firm has solidified Saylor’s well-known “buy and hold” strategy.

Bitcoin price has dropped by almost 3% over the last 7 days. BTC is now down by more than 12% on YTD basis. It is trading at an average price of $76,863 at the press time. It 24 hour trading volume dropped by 7.5% to hit $25.3 billion.

Saylor’s recent “bottom call” is one of the many Bitcoin predictions he made during the past few years. He claimed at the beginning of April that the Bitcoin bottom was close to $60,000. It was due to improved macroeconomic conditions, anticipated interest rate cuts, and ETF inflows.

Some of Saylor’s bullish calls have aligned with longer-term market recoveries. Strategy began aggressive buying of Bitcoin in 2020 when the crypto was trading below $20,000. BTC then climbed above six figures.

Saylor’s ‘Never Sell’ narrative faces fresh pressure

Critics believe that Saylor’s forecasts are closely linked to Strategy’s balance sheet exposure. The company has funded many of its purchases through convertible debt and preferred-share issuances tied to Bitcoin move. He is already facing scrutiny over his advice of Strategy of selling some Bitcoin to fund dividend obligations.

This sparked a debate among investors and crypto traders over the company’s “never sell” narrative.

Some blockchain indicators partially support Saylor’s argument that Bitcoin may be stabilizing after a prolonged correction.

Analytics provider Glassnode says the market-value-to-realized-value, or MVRV, ratio is commonly used to identify potential market tops and bottoms by comparing Bitcoin’s market capitalization against the aggregate acquisition cost of holders. Historically, periods where the ratio approaches fair-value territory have coincided with late-stage bear markets and accumulation phases.

Recent derivatives data also points to renewed speculative positioning. Bitcoin open interest on Binance moved back above its 180-day moving average after an eight-month deleveraging cycle, suggesting traders are rebuilding leveraged positions.

However, leverage risk remains elevated. ChainCatcher cited exchange data showing cumulative long liquidations could exceed $1.5 billion if Bitcoin falls below $73,655, highlighting how heavily positioning has shifted toward bullish expectations.

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