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Bitcoin bull market could last 2-3 years, says Michael Saylor amid rising institutional demand.

Market News
07 Nov 2026, 18:24 WIB
Tokenpost
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Bullish
Bitcoin bull market could last 2-3 years, says Michael Saylor amid rising institutional demand.

Michael Saylor, Executive Chairman of Strategy, said Bitcoin could stay in a bull market for two to three years, revising his previous four-year outlook. He noted Bitcoin's recovery from its 200-week moving average after a year-long bear market and highlighted growing institutional interest and bank involvement. Saylor also mentioned that digital credit and bank lending might absorb more Bitcoin supply, supporting the market. This updated forecast reflects optimism about Bitcoin's price and adoption trends in the near future.

Michael Saylor's updated Bitcoin bull market outlook comes as 10 of 50 major cryptocurrencies on Pluang rose while 39 fell today. For readers following the crypto sector, here is Pluang's market snapshot as of Nov 07, 2026 23:02 WIB: EGLD (MultiversX) was priced at Rp56.833 with a 1-day change of -4.32% and 96% buy order activity; VET (VeChain) at Rp96 with -4.06% change and 71% sell orders; and COTI at Rp168 with -3.87% change and 88% sell orders.

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