Fundstrat’s head of digital asset strategy, Sean Farrell, said Bitcoin could reach between $95,000 and $100,000 by the end of the year, while stopping short of forecasting a new all-time high. His outlook comes as bond-market volatility weighs on equities and as investors assess the potential impact of MSCI’s decision involving companies that hold Bitcoin in their treasuries.
MSCI Exclusion and Strategy’s Position
According to Bitcoin Magazine, Farrell expects MSCI to exclude Bitcoin treasury companies from its indexes, but believes the decision would have a limited effect on the underlying strategy of those businesses. The discussion focuses particularly on Strategy, the company associated with a large Bitcoin treasury and the STRC preferred stock.
Farrell characterized the possible exclusion as an issue that markets may already have largely accounted for. In that context, the decision itself might not necessarily create a major new downside shock. The possibility of MSCI inclusion, by contrast, is viewed as a potential upside catalyst, although Farrell also considered whether such an outcome might have little practical effect.
The analysis also covered what MSCI’s decision could mean for STRC’s return to par. Strategy has announced a $1.5 billion STRC buyback, and the program was discussed alongside a vote on the preferred stock’s daily dividend. These developments were presented as important parts of the market’s assessment of the company’s capital structure and Bitcoin-treasury approach.
Bond Volatility and the Broader Market
Farrell said volatility in the bond market is spilling over into equities, helping explain why the near-term environment for Bitcoin remains difficult to read. Bitcoin treasury stocks also experienced a selloff and reversal, another sign of the uncertainty surrounding the sector.
Despite that short-term ambiguity, Farrell’s broader view remains constructive. He described the current macroeconomic regime as favorable for Bitcoin over time, using the phrase “heads I win, tails you lose.” The discussion linked that view to treasury buying, financial repression and rising liquidity.
Financial repression generally refers to policies or market conditions that keep returns on savings or government borrowing costs below inflation or otherwise influence where capital flows. In the Bitcoin discussion, these factors were presented as part of a wider regime shift that could support demand for the digital asset, even if markets remain volatile in the immediate term.
Bitcoin Market Picture
Moneyiar market data recorded Bitcoin at $82,007.95 at 22:39 on October 19, 2026, Tehran time. The cryptocurrency was up 0.62% over 24 hours but down 0.48% over seven days.
That market level is below Farrell’s year-end range of $95,000-$100,000, although his view was presented as a possible outcome rather than a certainty. He does not expect Bitcoin to set a new all-time high this year. His forecast therefore combines a constructive longer-term assessment with caution about the path and the near-term impact of macroeconomic volatility.
The source material describes Farrell’s comments as market analysis and includes a disclaimer that the views belong to the program’s participants and are not investment, legal, tax or accounting advice.
