Michael Saylor says that 2025 was the best year for crypto in terms of fundamentals, while the market decline was primarily driven by macroeconomic conditions, not weaknesses in the crypto ecosystem itself.

Like many others, Saylor expects liquidity to return to financial markets in 2026 amid a more accommodative monetary policy from the U.S. Federal Reserve. Under this scenario, he forecasts BTC rising to $140,000–170,000 next year, arguing that improving fundamentals combined with renewed liquidity could reignite a strong bullish cycle.

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