Bitcoin may have passed its weakest phase and could reach $150,000 by the end of 2027, CK Zheng, former global head of valuation risk at Credit Suisse and now co-founder and chief investment officer at ZX Squared Capital, said. Zheng argued the market is healthier than the 2022 bear cycle marked by the Terra/Luna, Celsius, Voyager and FTX collapses, pointing to reduced regulatory uncertainty, institutional inflows, crypto ETF activity, corporate treasury Bitcoin holdings and potential passage of the U.S. CLARITY Act as supports for a new bull phase that could begin late this year or early next year. He also said rising U.S. government debt may push investors toward Bitcoin and gold as hedges against erosion of the dollar’s purchasing power. Separately, Strategy Chairman Michael Saylor said the company has resumed Bitcoin purchases, adding 4,603 BTC for about $370 million. As of August 30, 2026, Strategy reported holdings of 845,050 BTC and $6.71 billion in cash, with net leverage at 0%, after also lifting cash by $29 million and share buybacks by $152 million. At roughly $78,535 per bitcoin, those holdings were valued near $66.4 billion and would exceed $126.7 billion if Zheng’s $150,000 target were reached. Zheng’s forecast is a personal view, and volatility and regulatory uncertainty remain risks.