Bitcoin’s recent price surge has sparked speculation about whether a ‘bear market’ is truly over. Michael Saylor, CEO of MicroStrategy and prominent bitcoin investor, argues that the downturns of 2022 are behind us. He predicts a sustained rise in Bitcoin to reach one million dollars, citing several factors driving this bullish outlook. Saylor believes increasing institutional demand for Bitcoin ETFs like those from BlackRock and Fidelity is fueling the upward trend, alongside a growing political climate favorable to cryptocurrencies. He further highlights the potential for bitcoin-backed bonds offering 400 basis points in yield, as a new investment avenue, while cautioning that a strong market could also be vulnerable if monetary policies shift or regulatory environments change. The debate over Bitcoin’s future is still ongoing, with concerns around the privatization of the asset by large financial institutions, potentially altering its original ethos and decentralized nature.