Institutional interest in Bitcoin continues to generate notable market predictions. CK Zheng, a former global valuation risk manager at Credit Suisse, said Bitcoin’s worst period may be over and forecast that the price of $BTC could reach $150,000 by the end of 2027.
Regulation and institutional adoption could support Bitcoin
According to Zheng, several factors could help trigger a new Bitcoin bull cycle. These include lower regulatory uncertainty across the cryptocurrency sector, continued institutional adoption, and the potential passage of the US regulation known as the CLARITY Act.
Zheng also said rising US government debt could increase demand for both Bitcoin and gold. Investors may increasingly turn to $BTC and gold as hedges against a potential decline in the dollar’s purchasing power. Bitcoin was trading at approximately $78,535 when the statements were made.
Strategy resumes Bitcoin purchases
Strategy Chairman Michael Saylor also announced that the company has resumed buying Bitcoin.
Data shared by Saylor via X showed that Strategy purchased an additional 4,603 $BTC for approximately $370 million. During the same period, the company increased its cash assets by $29 million, while the value of its share buybacks rose by $152 million.
Saylor said that, as of August 30, 2026, Strategy held a total of 845,050 $BTC and $6.71 billion in US dollar assets. The company’s net leverage was also reported to have declined to 0%.
At Bitcoin’s current price of around $78,535, Strategy’s 845,050 $BTC holdings have an estimated market value of approximately $66.4 billion. If Zheng’s $150,000 price target is reached, the theoretical value of the company’s current Bitcoin reserve could exceed $126.7 billion.
A chart shows the current price of $BTC.
This is not investment advice.
