Saylor Says the Bitcoin Bull Market Is Underway
Strategy Executive Chairman Michael Saylor says a new Bitcoin bull market began after the cryptocurrency bounced from its 200-week moving average in late June 2026. Bitcoin fell to just below $60,000 before recovering about $20,000, and traded between roughly $77,000 and $83,500 in late October. It remains about 34% below its October 2025 record near $126,000.
Saylor points to bank lending against Bitcoin, tokenized securities, digital credit and a more favorable regulatory environment as potential sources of demand. He forecasts Bitcoin could reach $100,000 within a year and grow 20% to 30% annually over the next two decades. Restrictive monetary policy remains a risk to the Bitcoin bull market outlook.
His view comes with a significant financial interest: Strategy holds about 845,000 to 848,250 BTC, roughly 4% of Bitcoin’s supply. Traders will be watching whether Bitcoin holds above its 200-week moving average and how monetary conditions evolve.
Bullish
The news is modestly bullish for Bitcoin sentiment because Saylor says the next bull market is already underway and cites a rebound from the 200-week moving average, expanding financial access and tokenization as supportive factors. His $100,000 one-year target may reinforce dip-buying interest and encourage traders to watch for a break above the late-October trading range.
However, this is not independent confirmation of a new cycle. Strategy holds roughly 4% of Bitcoin’s supply, so Saylor has a direct financial interest in higher prices. The price also remains about 34% below its prior record, and restrictive monetary policy could limit risk appetite. As in earlier cycle recoveries, a bounce from a long-term moving average can attract momentum traders, but a failure to hold that level may prompt renewed selling. In the short term, the comments could support sentiment but are unlikely, on their own, to determine price direction. Over the longer term, bank lending and tokenization could broaden Bitcoin’s integration with traditional finance, while sustained gains will still depend on demand, liquidity and macroeconomic conditions.