Michael Saylor, executive chairman of Strategy, formerly known as MicroStrategy, says that the next Bitcoin (CRYPTO: BTC) bull market is already underway. He argued that Bitcoin's bull run kicked off when its price bounced off its 200-week moving average after the coin hit its bear-market bottom in late June. He also credits bank lending against Bitcoin and the rising tokenization of assets, among other factors. While I take issue with the first piece of evidence he used to back his point, as it's based solely on price action, I agree with Saylor's conclusion that the next bull run has most likely started. Here's why he's right. Image source: Getty Images.
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