Michael Saylor Says Bitcoin Bull Market Could Last Two to Three Years

Strategy Executive Chairman Michael Saylor said Bitcoin (BTC) could remain in a bull market for two to three years, adding a possible duration to his recent bullish outlook.

At Strategy’s third-quarter 2026 earnings call, Saylor pointed to Bitcoin’s rebound from its 200-week moving average after roughly a year-long bear market. The outlook came amid renewed institutional demand and banks’ expanding engagement with Bitcoin.

Saylor said digital credit and bank lending could absorb additional Bitcoin supply.

The new estimate is shorter than an earlier outlook in which Saylor described a four-year Bitcoin bull run and expected BTC to return to at least $100,000, his earlier bull-run forecast. He had also said Bitcoin was at the start of a new bull market in Strategy’s third-quarter results update.