Michael Saylor predicts Bitcoin will exceed $100,000 within 12 months

Michael Saylor, co-founder of Strategy Inc., has predicted that Bitcoin will rise above $100,000 within the next 12 months. He says the price has already recovered from a low near $60,000 and is now moving toward $80,000. Saylor believes a new bull market has begun. Strategy Inc. holds more Bitcoin than any other company, so Saylor has a strong financial interest in the price going up. Some analysts point to a technical measure called the 200-week moving average as a key sign that a bull market is confirmed. Bitcoin has historically followed roughly four-year cycles, with prices peaking about every four years. Saylor did not give a specific price target beyond the 12-month period.