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Michael Saylor Signals Continued Strategy Bitcoin Buying and Predicts Rally Above $100,000

Strategy Executive Chairman Michael Saylor announced that Bitcoin has exited its slump and is entering a new bull market, forecasting it will surpass $100,000 with a 20% to 30% annualized growth rate over the next two decades. Strategy plans to issue further credit-related securities to fund additional Bitcoin purchases. The company currently holds 848,250 BTC—valued at over $70 billion and representing about 4% of supply—at an average cost of $75,000 to $76,000 per coin following a recent 250 BTC purchase. Saylor also downplayed potential index exclusion ahead of an MSCI ruling on October 16.

Category

Bitcoin

Sentiment

Mixed

Event

Corporate action

Reading time

1 min