Michael Saylor: “Bitcoin Has Won; the Four-Year Cycle Is Over”

Michael Saylor made noteworthy statements regarding the future of Bitcoin ($BTC), arguing that a new era has begun in the cryptocurrency market.

According to Saylor, the global consensus shows that Bitcoin is now accepted as “digital capital.”

Saylor stated that the traditional four-year Bitcoin cycle has ended, and price movements are now largely determined by capital flows. He argued that the banking system and digital credit mechanisms will play a decisive role in Bitcoin’s growth trajectory, and that this transformation is making the market more institutional and macro-focused.

On the other hand, Saylor pointed out that the biggest risk for Bitcoin may be governance-related, not technical. He stated that misguided ideas could lead to “iatrogenic”—harmful changes originating from the system itself—and warned that such interventions could damage Bitcoin’s fundamental structure.

Strategy, led by Saylor, continues to increase its Bitcoin holdings. As of April 4, 2026, the company’s total Bitcoin holdings reached 762,099 $BTC, with a total value of approximately $51.29 billion.

*This is not investment advice.