Michael Saylor says the bitcoin winter is over. Some experts agree, with caveats.

Market analyst Mati Greenspan said bitcoin has not gone through a “winter,” rather a pullback within a broader bull market, adding the next leg up for bitcoin will be driven by nation-state adoption. What to know : Michael Saylor said “winter is over” for bitcoin when the cryptocurrency traded above $78,000 even as some analysts disputed that the recent downturn qualified as a full crypto winter. Market analyst Mati Greenspan argued the slump was a pullback within a broader bull market, and said bitcoin has probably already bottomed and is poised to move higher. Greenspan and other experts see Saylor’s continued bitcoin purchases as signaling a new era of institutional dominance, and they predict a coming phase of nation-state adoption in which central banks may add bitcoin to their reserves alongside gold.(Coindesk)