Michael Saylor Sees Bitcoin (BTC) Back Above $100,000, Growing 20-30% a Year for Two Decades

Saylor Calls an Early Bull Market

Michael Saylor, founder and chairman of Strategy, said on October 13 that Bitcoin (BTC) has come through its correction and entered the opening stretch of a bull market, one that should carry the asset back above $100,000 and then deliver annual growth of 20% to 30% for the next two decades. He set out the view in a Bloomberg interview, where he framed the Bitcoin (BTC) price as having briefly slipped beneath its 200-day moving average before climbing back into what he called a premium zone. The forces that held the asset back in the past, which he listed as restrictive trade, foreign and monetary policy, have turned in its favor. In their place, he counted a friendly regulatory environment, banks bringing Bitcoin into their services, the expansion of tokenized securities and strengthening digital credit networks as conditions that now reinforce rising asset prices. The AI investment boom cuts the other way for equities: capital crowded into companies built on labor and talent could see that value eroded, he argued, pushing investors toward scarce assets that no machine can produce more of, with real estate, gold and Bitcoin (BTC) the likely destinations. He called Bitcoin the current “king of commodities” and defined it as digital capital, a form investors can split into credit products or equity products to match their own risk appetite rather than file under either safety or growth. Horizon, not asset class, decides the right instrument in his framework: a money market fund, digital credit, Bitcoin itself or a digital share each fits a different investment window, and he made clear he is not a short-term trader. The comments land as the asset works to rebuild a six-figure valuation after the drawdown, a threshold he says it must clear before the long-term growth band applies.

A 38% Yearly Record Since August 2020

Much of the projection rests on Strategy's own record. Saylor said that since the company's first Bitcoin purchase in August 2020, the asset has gained roughly 38% a year, while Strategy's stock has climbed about 52% to 53% annually. Gold has outpaced the S&P index over the same period, he noted, yet digital capital has delivered the stronger performance of the three. He anchored the comparison to that 2020 entry deliberately: the window spans the most recent Bitcoin halving and the full cycle that followed it. The firm he chairs ranks among the market's most watched crypto whales, and its treasury, in effect a corporate strategic Bitcoin reserve, holds more than $70 billion of the asset. That pile, he said, backs the digital credit Strategy issues, and the company can sell Bitcoin (BTC) or related derivatives to raise dollars whenever it needs them; as long as the Bitcoin yield on that credit outruns its funding cost, the structure produces net profit. Addressing the sales that drew market criticism, he described Strategy as a structured finance company that converts between equity, cash, credit and Bitcoin to maximize shareholder benefit, arguing that the coin count alone is not the metric such a firm manages. The market overreacted when the firm sold an initial 32 BTC, in his account, and moved higher after later sales of several thousand. His base position did not change: Strategy remains a Bitcoin buyer at its core, will likely have acquired more of the asset this year than any other company in the world, and is set to continue to HODL as its stash grows. The pace has cooled, with our reporting showing its smallest weekly purchase of 2026, but peers keep adding, among them Nasdaq-listed treasury firm Strive, which added 3,311 BTC.

Sizing the $100,000 Target

The interview fixes the destination but not the starting point: Saylor places Bitcoin back above its 200-day moving average without naming a spot level, so the distance to $100,000 cannot be measured from his remarks alone. What can be checked is the behavior around it: Strategy kept buying even as the pace cooled to its smallest weekly purchase of 2026, Nasdaq-listed treasury firm Strive added 3,311 BTC, and exchange reserves at 2.67 million point to a supply-squeeze reading, all followed in our Bitcoin market coverage. Separately, analyst Ki Young Ju has called the bear cycle over, expecting 12 to 24 months of rise or sideways trading. Until the six-figure level is actually tested, Saylor's 20% to 30% band stays a projection measured against a price his interview never prints.