Michael Saylor, chairman and co-founder of MicroStrategy, Bitcoin 
$91,403He stated that the process of gaining value has not ended yet. Saylor suggested in a new CNBC interview that Bitcoin will reach a six-figure price in the coming days and weeks.
Bitcoin Price Prediction
Saylor predicts that Bitcoin will rise above its current value and reach the $100,000 level. “I don’t think it will reach $60,000, and I don’t expect it to drop to $30,000. I believe it will continue to rise from here. I’m planning to throw a $100,000 party, and I think it will probably take place on New Year’s Eve at my house. “I expect us to exceed $100,000 in November or December,” he said.
Trump Election and Cryptocurrency
While Bitcoin is currently trading at $91,273, Saylor stated that the election of Donald Trump as the 47th US President will be positive for the cryptocurrency industry. He stated that with the election of Trump, they will see more supportive policies towards Bitcoin.
“This is extremely positive for digital assets. Great for the cryptocurrency industry, we will see more pro-Bitcoin policies. A framework for digital assets will be created, the war on cryptocurrency will end. “We will see a lot of pro-business policies.”
The USA Uses Bitcoin as a Strategic Reserve
Saylor also touched upon the importance of the United States adopting Bitcoin as a strategic reserve asset. He emphasized that this step will help the United States maintain control over the future world reserve capital network.
“The next big frontier is cyberspace, and the obvious thing to do is to own cyberspace, to buy the future. I think this is a great idea, I believe it will come true. It’s economically smart, technically smart for the US. Bitcoin is destiny for the USA.”
Saylor’s views resonated widely among the Bitcoin community and investors. Bitcoin receiving such predictions may cause fluctuations in the market. However, given the volatile nature of cryptocurrency markets, it is important to evaluate such claims carefully.
Saylor’s belief in Bitcoin is confirmed through MicroStrategy’s investments in Bitcoin in its company portfolio. MicroStrategy is known as one of the largest institutional holders of Bitcoin in terms of market capitalization.
On the other hand, there are different opinions about the future of the cryptocurrency market. While some experts argue that Bitcoin’s appreciation is not sustainable, others support Saylor’s predictions.
While it is difficult to come to a definitive conclusion about the future of Bitcoin, comments from influential figures like Saylor play an important role in shaping market dynamics. Investors should remember to take a broader perspective when evaluating such forecasts.
The volatile nature of Bitcoin and other cryptocurrencies requires market actors to constantly review their strategies. Michael Saylor’s ambitious predictions could reshape the dynamics and future expectations in the industry.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
