Strategy's Michael Saylor Declares Bitcoin Bear Market Over, Sees Return Above $100,000

Strategy co-founder and Executive Chairman Michael Saylor declared in a Bloomberg Television interview at DC Fintech Week on October 13 that Bitcoin's bear market is finished and that the cryptocurrency is at the beginning of a new bull market. Speaking with Bitcoin trading near $83,000, Saylor said the price had bottomed just below $60,000 and predicted it would surge back above $100,000, driven by favorable regulation and accelerating bank adoption. He projects 20-30% annual growth for Bitcoin over the next several years.

Saylor also said Strategy plans to increase its Bitcoin purchases and issue more securities to fund those acquisitions. The firm already holds 848,250 BTC acquired at an average price of $75,444 per coin, making it the largest corporate holder of the cryptocurrency. Strategy made only 250 Bitcoin worth of purchases in its most recent disclosed buy, its smallest of 2026, funded partly by selling 125,183 MSTR shares for roughly $21 million.

A separate concern looms for Strategy investors: MSCI is weighing a decision on the firm's inclusion in major benchmarks, a potential exclusion that could affect billions in investment flows. Saylor separately expressed disappointment over the MSCI index situation during his Bloomberg Crypto appearance.