According to ME News, on October 14 (UTC+8), Michael Saylor, founder of MicroStrategy, said in an interview with Bloomberg Television that the recent crypto market downturn over the past year has ended, and the market is entering a bull phase, with Bitcoin expected to surpass $100,000 again. He noted that Bitcoin previously found its bottom slightly below $60,000 and is now moving toward levels above $80,000, forecasting an annual growth rate of 20% to 30% for Bitcoin over the coming years. MicroStrategy may continue purchasing Bitcoin and issue credit products during this bull market.
Additionally, MSCI is considering adjusting its index rules and may remove Strategy from its global equity benchmark index. Saylor expressed disappointment, stating that the stance reflects bias against digital assets, and hopes MSCI will reconsider. The report states that MSCI is expected to announce its decision on Friday. (Source: Foresight News)
Michael Saylor Predicts Bitcoin to Surpass $100,000 Amid Bullish Outlook
KuCoinFlashShare
Summary
Michael Saylor, founder of MicroStrategy, said on October 14 that the crypto market crash is over and the market outlook is bullish. He expects Bitcoin to rise above $100,000 again, with the price now above $80,000 after reaching $60,000. Saylor also noted that MicroStrategy may continue purchasing Bitcoin and issuing credit products during the bull cycle. MSCI is reportedly considering removing MicroStrategy from its global benchmarks, a move Saylor called biased against digital assets. Investors are also monitoring altcoins to watch amid the improving market outlook.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.