Just caught Michael Saylor's latest take on where we're at with bitcoin, and he's pretty bullish on one thing: the crypto winter is officially behind us. Worth paying attention to since his track record on these macro calls tends to move conversation.

The interesting part is he's not alone in this view. Some other market watchers are coming around to the same conclusion, though most are adding some caveats to the mix. Nobody's saying it's a guaranteed moon from here—more like the worst of the downturn has played out and we're entering different territory.

What's notable is how the sentiment has shifted. A few years back, crypto winter felt like it could last forever. Now you're seeing more institutional players and serious analysts willing to say publicly that the cycle is turning. That's a meaningful change in the narrative.

There's still skepticism out there, obviously. Some experts think we need to see more stability before declaring the crypto winter completely over. Others are watching specific metrics—adoption rates, regulatory clarity, institutional flows—to confirm the shift is real.

The broader point seems to be that if the worst of the downturn is actually behind us, the next phase of the market could look pretty different. Whether that means immediate upside or just less downside risk is still being debated. But the fact that serious people are even having this conversation about crypto winter ending? That's itself a signal worth noting.