Michael Saylor Predicts New Bull Market, Bitcoin to Surpass $100,000

Martian Finance reports that on October 14, Michael Saylor, co-founder and executive chairman of Strategy, said in an interview that Bitcoin has hit its bottom and is expected to reclaim $100,000. He believes Bitcoin previously found support just below $60,000 and has since rebounded to the $80,000 range, with further upside likely. Saylor stated that improving regulatory conditions and accelerating bank adoption of Bitcoin are driving the market into a new bull cycle. He anticipates that Bitcoin’s long-term annualized return over the coming years will reach 20% to 30%, and Strategy may increase its Bitcoin purchases during this bull market, issuing additional securities to fund further acquisitions. Additionally, in response to MSCI’s consideration of revising its index rules to potentially exclude companies whose primary business is asset accumulation from global equity indices, Saylor expressed opposition, arguing that such a move could set a harmful precedent for the digital assets industry. MSCI is expected to announce its decision this Friday. Last November, JPMorgan estimated that if Strategy were excluded, it could face up to $2.8 billion in outflows.