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Michael Saylor Says Bitcoin’s Bear Market Is Over, Predicts a Return Above $100,000
At DC Fintech Week on Oct. 13, 2026, Michael Saylor said bitcoin had bottomed just below $60,000 and would return above $100,000, citing favorable U.S.
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Key takeaways
- At DC Fintech Week on Oct. 13, 2026, Michael Saylor said bitcoin had bottomed just below $60,000 and would return above $100,000, citing favorable U.S.
- Strategy bought 250 BTC for $21.5 million in the week through Oct. 11, bringing its holdings to 848,250 BTC; it also repurchased $192.4 million of preferred shares.
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openai.comCreate a landscape editorial hero image for this Studio Global article: What did Strategy co-founder and executive chairman Michael Saylor say at DC Fintech Week on Oct. 13, 2026, about bitcoin’s yearlong bear ma. Article summary: Michael Saylor said at DC Fintech Week on Oct. 13, 2026, that bitcoin’s bear market was over and a new bull market was beginning, supported by friendlier U.S. regulation and accelerating bank adoption; he expected a retu. Topic tags: general, news, general web, user generated. Style: premium digital editorial illustration, source-backed research mood, clean composition, high detail, modern web publication hero. Use reference image context only for broad subject, composition, and topical grounding; do not copy the exact image. Avoid: logos, brand marks, copyrighted characters, real person likenesses, fake screenshots, UI text, readable text, watermarks, charts w
Michael Saylor declared bitcoin’s bear market over and said a new bull market was beginning during a Bloomberg interview at DC Fintech Week on Oct. 13, 2026. He pointed to favorable U.S. regulation and growing bank adoption, and predicted bitcoin would climb above $100,000 again. 1
2 That is Saylor’s forecast—not evidence on its own that the market has entered a lasting bull phase.
What Saylor said about bitcoin’s price
Saylor said bitcoin had bottomed just below $60,000 and rebounded. Coverage the following day described the price as having moved back into the $80,000 range. 4
8 A separate report put the Oct. 13 rebound above $83,000, though bitcoin’s price can vary by the time and market used for comparison.
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Saylor’s central call was a return to six figures. Bloomberg’s interview summary attributes that view to a combination of friendlier regulation and accelerating adoption by banks. 1 Separately, a Bloomberg podcast summary describes him forecasting annual bitcoin growth of 20%–30% over the next two decades, while TokenPost reports a horizon of several years.
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17 Those accounts differ on the time frame; neither turns the projection into a guaranteed outcome.
How his call compares with other forecasts
Other published forecasts also pointed above $100,000, but they use different time horizons. Citi analyst Alex Saunders raised the bank’s base-case target to $113,000 by October 2027, according to reporting on the forecast. 53 TD Cowen was reported to have raised its year-end 2026 projection to about $109,000 from $97,500 after bitcoin finished the third quarter above the firm’s modeled level.
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These are analysts’ projections, not confirmations of where bitcoin will trade. The available reporting also describes bitcoin as trading around $80,000 in mid-October and as roughly 30% below its approximately $126,000 record from the previous October. 4 Those are rounded descriptions of a moving market, not a fixed price comparison.
Strategy kept buying bitcoin while managing capital
Strategy, the company Saylor co-founded and chairs, disclosed a purchase of 250 BTC for $21.5 million between Oct. 5 and Oct. 11. The purchase brought its holdings to 848,250 BTC as of Oct. 11, at a reported average purchase price of $86,194 for that batch. 36
The company also sold 125,183 common shares for about $21 million and repurchased roughly $192.4 million of its STRC preferred shares during the period. 30 So the reported activity involved both bitcoin accumulation and preferred-share repurchases; it was not simply a large expansion of bitcoin buying.
Saylor has described Strategy’s broader model in terms of “Digital Credit,” with bitcoin as part of the company’s financial strategy. 8
13 That framing reflects his view of the business; it does not establish that Strategy’s approach will produce any particular return.
The MSCI question is a separate risk
In a Bloomberg interview, Saylor called MSCI’s index position “disappointing”; the coverage said MSCI might remove Strategy from its indices. 18 The available source excerpt does not establish the details or outcome of the review. Any effects on Strategy’s shares or financing would depend on what MSCI decides and how investors respond.
Saylor’s message is clear: he believes bitcoin has passed its low and expects it to rise above $100,000, supported by regulation and bank adoption. 1
4 Strategy’s latest filing shows it continued to add bitcoin while also managing its share capital.
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36 Both the price call and the company’s strategy carry uncertainty, and neither should be treated as proof that the forecast will come true.
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At DC Fintech Week on Oct. 13, 2026, Michael Saylor said bitcoin had bottomed just below $60,000 and would return above $100,000, citing favorable U.S.
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At DC Fintech Week on Oct. 13, 2026, Michael Saylor said bitcoin had bottomed just below $60,000 and would return above $100,000, citing favorable U.S. Strategy bought 250 BTC for $21.5 million in the week through Oct. 11, bringing its holdings to 848,250 BTC; it also repurchased $192.4 million of preferred shares.
Sources
bloomberg.comStrategy’s Saylor Sees Bitcoin Moving Back Up Beyond $100,000
bloomberg.comBitcoin Is at Beginning a Bull Market, Says Strategy's Saylor
asiae.co.kr[Crypto Radar] Michael Saylor: "Bitcoin Has Bottomed... Will Break Above $100,000 Again"
cryptotimes.ioStrategy’s Michael Saylor Sees Bitcoin Price Crossing $100K as Digital Credit Expands