Back to the Moon? The most fervent buyers of cryptocurrencies are definitely convinced that a new bull market (bull market) opens for Bitcoin (BTC) and its ilk. After Tom Lee from Bitmine who announces the end of the “mini-crypto winter” – and sees Ethereum (ETH) at $60,000 – there it is Michael Saylor from Strategy who is convinced of the end of this bearish streak of a few months on the crypto market. But was there only a brai bear market, or was it just a consolidation phase of a bullish super cycle ?
The key points of this article:
Michael Saylor says crypto winter is over, anticipating a return to highs for Bitcoin.
Mati Greenspan suggested that the market has only gone through a correction within a bullish super-cycle, with nation-state adoption already underway.
« Winter is Over » pour Bitcoin, selon Michael Saylor
If we believe, Michael Saylorthe founder and president of Strategy (formerly MicroStrategy), it is not only Humanity that is returning to the Moon with the Artemis space missions. Indeed, Bitcoin and the cryptocurrency market could soon return to the heights distant. It is once again on X, this April 23, 2026, that Michael Saylor posted the terse but affirmative comment “ Winter’s Over » (winter is over), accompanied by an AI-generated image showing him on a horse in an outfit worthy of House Stark from Game of Thrones (massive fur coat).
Compte X @saylor
BTC may not even have experienced a bear market this time: the bullish super-cycle thesis
In the same optimism but with a significant nuance, Dead Greenspanthe founder of Quantum Economics, also says that Bitcoin has probably already reached its bottom (low point) and is ready to go higher. But in his case, Greenspan doesn’t even think we’ve truly entered a crypto bear market/winter. He thinks we’ve had more to do with a pullback (fallback) since October 2025, within a big bull market.
“I’m not sure I would describe what we have just gone through as a real “crypto winter” (…) It was more of a major correction within a more global bullish cycle. »
Dead Greenspan
Because according to Greenspan again, we have already crossed three adoption cycles distinct: the early adopters in 2013the awakening of individual buyers in 2017and theinstitutional adoption in 2021. And the next major driver would now be adoption by nation states. And with countries like the United States or El Salvador accumulating Bitcoin, Bhutan mining Bitcoin, Iran asking for BTC as a fee to cross the Strait of Hormuzor Russia legislating to use crypto for its international tradewe can already see this beginning of adoption by nation-states. The 4th adoption cycle is only just beginning, but it is already here.