Michael Saylor, founder and executive chairman of Strategy Inc., joined Bloomberg's Tim Stenovec and Carol Massar on "Bloomberg Crypto" to discuss how Bitcoin is entering a new bull market supported by friendlier U.S. regulation, rising banking adoption, and growth in tokenized securities.

He framed Bitcoin as “digital capital” delivering roughly 40% annualized returns since 2020 and forecast 20–30% annual growth over the next two decades, with prices returning above $100,000 this cycle. Saylor defended Strategy’s small June Bitcoin sale as necessary “structured finance” to support its high-yield digital credit product, targeting 10–12% returns. He dismissed potential MSCI index exclusion as minor and said stalled federal legislation actually removed restrictive provisions, allowing more favorable agency guidance to drive industry expansion.