Price Prediction
Michael Saylor Predicts Bitcoin Above $100,000
Michael Saylor, the co-founder and executive chairman of Strategy Inc., has declared the bear market for Bitcoin over and expects the price to return above $100,000. He points to favorable regulatory conditions in the US and growing adoption by banks as driving forces. Strategy Inc., the largest institutional holder of Bitcoin, has held the cryptocurrency for approximately 4% of the total supply, with an average acquisition cost of $75,000 to $76,000 per Bitcoin. The company's holdings are described as 'digital capital,' an asset base it can borrow against and build financial products around. Prediction markets suggest a 33% chance of Bitcoin reaching or exceeding $100,000 by the end of 2026.