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Michael Saylor says bitcoin has bottomed, sees return above $100,000

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

Michael Saylor, co-founder of Strategy and one of bitcoin's most prominent corporate backers, said the cryptocurrency has bottomed and should climb back above $100,000, pointing to a bullish long-term forecast. His comments come as bitcoin trades well below its recent highs, and they are drawing attention from investors weighing whether the pullback is over or whether further declines lie ahead.

Why now: Bitcoin's recent price slump has investors looking for signals from influential figures like Saylor about whether the market has turned.

Michael SaylorStrategyBitcoin

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