Michael Saylor drops bold Bitcoin call ahead of major index review

Michael Saylor says Bitcoin’s bear market is over and expects the cryptocurrency to move back above $100,000, just days before MSCI is due to decide whether his company still fits the rules for major stock indexes. The Strategy co-founder and executive chairman told Bloomberg Television at DC Fintech Week that favorable regulation and accelerating adoption by banks had put Bitcoin at the start of another bull market. “It should definitely move back into the six figures beyond $100,000,” Saylor said. “We hit the bottom around slightly below $60,000, I think we bounced off it. Now, we are moving up into the 80s.” Saylor sees another Bitcoin bull market Saylor’s call follows a broader recovery in crypto markets. Bitcoin approached $87,000 on Oct.

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