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The Bitcoin Bull Market Is Finally Here, According to Strategy's Michael Saylor. Could Bitcoin Hit a Price of $100,000 in 2027?

Technology · First reported 26 Oct, 18:09 · Updated 18:54

Image: The Motley Fool

Michael Saylor says a Bitcoin bull-market cycle has begun and sees a high likelihood of the price reaching $100,000 within 12 months. The article notes Bitcoin at about $80,000 against a 200-week moving average of $67,000 and describes institutional adoption as a possible price driver.

  • The article gives Bitcoin’s price as about $80,000 and its 200-week moving average as $67,000.
  • Saylor said he sees a high likelihood Bitcoin will reach $100,000 within the next 12 months; he did not set a specific 2027 price target.
  • The article identifies institutional adoption as a potential catalyst and says the Digital Asset Market Clarity Act did not pass in September.
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