diff --git a/README.md b/README.md
index a511ff4..bf05f6b 100644
--- a/README.md
+++ b/README.md
@@ -25,7 +25,7 @@ We originally wrote a prototype of this tool in Rust (https://github.com/metlos/
 
 ```
 $ ./configbump --help
-config-bump 7.97.0-next
+config-bump 7.98.0-next
 Usage: configbump --dir DIR --labels LABELS [--namespace NAMESPACE]
 
 Options:
diff --git a/VERSION b/VERSION
index fb10fee..ce347af 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-7.97.0
+7.98.0
diff --git a/cmd/configbump/main.go b/cmd/configbump/main.go
index 87b227f..f1e9181 100644
--- a/cmd/configbump/main.go
+++ b/cmd/configbump/main.go
@@ -35,7 +35,7 @@ type opts struct {
 
 // Version returns the version of the program
 func (opts) Version() string {
-	return "config-bump 7.97.0-next"
+	return "config-bump 7.98.0-next"
 }
 
 const controllerName = "config-bump"