Michael Saylor says bitcoin is at start of bull market, can reclaim $100,000

Bitcoin has moved past its correction phase and entered the early stage of a bull market, with regulation and banking adoption turning into tailwinds, according to Michael Saylor. He also argued that heavy investment in AI could strengthen demand for scarce digital capital such as bitcoin. In an Oct. 13 Bloomberg interview, Michael Saylor, founder and chairman of Strategy, said bitcoin briefly traded below its 200-week moving average before moving back to a 25% premium, adding that the asset is at the “beginning of a bull market.” Saylor said earlier pressure on bitcoin came from restrictive trade policy, foreign policy…

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