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Michael Saylor Declares Bitcoin Bear Market Over, Targets Return Above $100,000

BullishMedium impact
BTCUSD$83,236.89 1.80%

Bitcoin (BITSTAMP:BTCUSD) proponent Michael Saylor announced that the crypto slump has ended, predicting the digital asset will climb back above $100,000. Speaking at DC Fintech Week on October 13, 2026, the Strategy Inc. executive chairman stated that Bitcoin has transitioned into a fresh bull market following its recovery from a cycle low just under $60,000. Market data shows Bitcoin trading near $83,160, up 1.70% for the day.

Saylor attributes the positive shift to favorable U.S. regulatory moves and increasing institutional participation from banks. Strategy Inc. remains the largest corporate Bitcoin holder, controlling 848,250 BTC—roughly 4% of total token supply—with an average purchase cost between $75,000 and $76,000 per coin. The recent market rebound pushes the company's stack back into profit territory after briefly dipping below cost, supporting its strategy to use cryptocurrency as digital capital for financial products and borrowing.

Investors are monitoring whether Bitcoin can maintain its momentum above Strategy's baseline acquisition cost. Analysts such as Geoffrey Kendrick at Standard Chartered maintain year-end price targets near or above $100,000, while prediction markets currently assign roughly a 33% chance that Bitcoin reclaims the $100,000 mark by the close of 2026.

Key points

  • Michael Saylor declared the crypto slump finished, projecting Bitcoin to surpass $100,000.
  • Strategy Inc. holds 848,250 BTC with an average acquisition cost between $75,000 and $76,000.
  • Key drivers for the optimistic outlook include U.S. regulatory clarity and growing bank adoption.
  • Prediction markets give a 33% chance for Bitcoin to reclaim $100,000 by the end of 2026.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

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Questions and answers

Why does Michael Saylor believe Bitcoin will reach $100,000?

Saylor points to favorable U.S. regulatory developments and expanding institutional adoption by banks as primary catalysts for Bitcoin's new growth phase.

How much Bitcoin does Strategy Inc. own?

As of October 11, 2026, Strategy Inc. holds 848,250 BTC, representing about 4% of the total Bitcoin supply, with an average acquisition price between $75,000 and $76,000.

What are prediction markets forecasting for Bitcoin by late 2026?

Prediction markets currently estimate approximately a 33% probability that Bitcoin will rise back above $100,000 by the end of 2026.