In accordance with BitJie Wang, despite Bitcoin's nearly 10% decline at year-end, MicroStrategy co-founder Michael Saylor believes its fundamentals are stronger than ever. He cited widespread institutional adoption and the launch of spot ETFs as evidence. Saylor noted that while about 85% of Bitcoin is held by early, anonymous holders, short-term price is mainly driven by leveraged derivatives and trader sentiment, not spot demand. He attributed the price weakness to global macroeconomic liquidity tightness, not fundamental weakness. Saylor also revealed rumors that major U.S. banks may begin buying, custodizing Bitcoin, and issuing Bitcoin-backed loans in the first half of 2026, which could support Bitcoin prices between $143,000 and $170,000.
Michael Saylor Predicts Bitcoin Price Could Reach $170,000 by 2026
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Summary
Bitcoin price action remains resilient despite a nearly 10% drop at year-end, according to Michael Saylor, who sees fundamentals strengthening. He highlighted institutional adoption and spot ETF launches as key drivers. Saylor noted that 85% of Bitcoin is held by early adopters, while short-term price action is influenced by derivatives and trader sentiment. He pointed to macroeconomic liquidity as the cause of recent weakness, not fundamentals. Rumors suggest U.S. banks may start buying and custodizing Bitcoin in 2026, potentially setting support and resistance levels between $143,000 and $170,000.
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