Taylor beat Dutchman Michael van Gerwen in the World Darts Championship final at Alexandra Palace in London yesterday, battling from 4-2 behind to win 7-4.
It earned 52-year-old Taylor a cheque for £200,000 plus the new Sid Waddell Trophy, named after the late commentator.
And while Bristow, who dominated darts in the 1980s, cannot see Taylor remaining dominant for years to come, he expects that this latest victory will not be Taylor’s last.
“He won’t get to 20 but there most likely will be another one in him,” Bristow said.
“He is getting on a bit now. And Michael van Gerwen is going to win a few, he’s a brilliant darts player, he’s the best of the rest of the bunch.
“It was great for darts. I think we have seen the newcomer coming through, who’s going to take over from Phil, but not yet.”
An emotional Taylor insisted after his victory that he would be back.
“I’m probably the proudest man in the world,” he said.
I’ve got to give Michael everything, he’s phenomenal that kid.
“I’m absolutely over the moon — it’s the biggest night of my life. I really don’t know how long I can keep going at this but I’ll be back next year to defend the title at 53.”