Michael Saylor Says Bitcoin Has Bottomed And Should Get Back Above $100,000: ‘Long-Term Forecast Is…’

In an interview with Bloomberg Television, Saylor said that BTC prices would move back to six figures.

• Saylor said restrictive trade policy, foreign policy, currency, and monetary policy were all headwinds that kept prices depressed. 
• He said he believes that the cryptocurrency is now rotating into some tailwinds, with a favorable regulatory environment, accelerating banking adoption, tokenized securities and a growing digital asset space. 
• At the time of writing, BTC was trading at $83,761.77. 

Strategy’s (MSTR) Michael Saylor believes the Bitcoin (BTC) bull market is just beginning, with the digital currency gaining market tailwinds after a tough few months. 

In an interview with Bloomberg Television, Saylor said BTC prices would return to six figures and cross $100,000, adding that the company’s “long-term forecast is Bitcoin grows 20%-30% a year over the next twenty years.”

What’s Driving Saylor’s Bullish Bitcoin Forecast?

The billionaire entrepreneur noted that, compared with the two-hundred-week moving average, Bitcoin prices dipped slightly below it, but added that BTC is now trading 25% above the average. 

Saylor said restrictive trade, foreign, currency and monetary policy had held prices down. He said bitcoin is now moving into tailwinds, including a favorable regulatory environment, faster bank adoption, tokenized securities and a growing digital asset market.