Strategy executive chairman Michael Saylor told Bloomberg on October 13 that he expects Bitcoin to move back above $100,000, placing the market’s low slightly below $60,000 and its recovery in the $80,000s. Strategy’s long-term forecast has Bitcoin growing 20% to 30% a year over the next 20 years, and he described the company as a structured finance company that can buy or sell Bitcoin, dollars, equity, or credit on any given day. But why did Strategy sell Bitcoin in June when the coin...
