Of course he will. Michael's devoted fans will continue his legacy and always be there to buy his records, spread his messages, and support his children.
A huge reason why Elvis is still relevant today is because his fans won't let him die. They are the ones that keep going to Graceland, buy new releases of his records, and organize events for fans to go to. I have no doubt that Michael's fans will be just as fervent (or more) about keeping Michael's memory and legacy alive.
Michael has accomplished a lot of historical things in his career, no one can take that away from him. It's written in the history books! The bullshit stories will eventually die down and all we'll be left with is the truth.
Have faith. . . it's only been 5 months since Michael passed.