Michael Saylor, executive chairman of Strategy Inc., declared on October 13, 2026, that Bitcoin’s bear market was over and that the cryptocurrency was entering a new bull phase. He forecasts a return above $100,000, citing favorable US regulatory conditions and growing bank adoption of Bitcoin. Bitcoin bottomed just below $60,000 before rebounding into the $80,000s. Strategy held 848,250 BTC as of October 11, 2026, representing approximately 4% of Bitcoin’s total supply, with an average acquisition cost of roughly $75,000 to $76,000 per unit. Geoffrey Kendrick of Standard Chartered also set a year-end target near or above $100,000.
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