Michael Saylor Declares New Bitcoin Bull Market Amid Strategy's Financial Gains

Michael Saylor, the executive chairman of Strategy (formerly MicroStrategy), has announced that the next Bitcoin bull market is not on the horizon but has already commenced. This declaration follows the company's impressive financial performance, reporting a record $20.9 billion in operating income for the third quarter of 2026.

In interviews conducted between October 13 and 20, Saylor pointed to late June 2026 as the pivotal moment when Bitcoin found its bear-market floor, rebounding from a low of just below $60,000. He highlighted that Bitcoin has since risen approximately $20,000, trading between $77,000 and $83,500 in late October, marking a 42% increase from earlier in the quarter.

Saylor's bullish outlook is supported by several structural shifts in the market, including:

• Bank lending against Bitcoin, allowing holders to borrow against their assets.
• The rise of tokenized securities, which represent traditional assets on blockchains.
• Increased digital credit issuance, an area where Strategy is actively involved.
• A favorable regulatory environment for digital assets.

Despite his optimism, Saylor acknowledged challenges such as restrictive monetary policy, which could dampen enthusiasm for risk assets. He projected Bitcoin could reach $100,000 within the next year, with a long-term growth rate of 20-30% over the next two decades.

Strategy currently holds approximately 845,000 BTC, representing about 4% of Bitcoin's total supply, valued at around $70-76 billion. This significant stake means that Saylor's predictions directly impact the company's financial health, making his bullish stance a reflection of both market trends and personal interests.

As the market evolves, the focus will be on Bitcoin's ability to maintain its position above the 200-week moving average, a critical indicator of market sentiment. The gap between current prices and previous peaks also remains a key factor in assessing the potential for a full recovery.