MicroStrategy founder Michael Saylor predicts that Bitcoin will hit the $100,000 mark by the end of the year. Speaking on CNBC, he shared his optimism regarding Bitcoin’s future, attributing it to positive market developments, including the recent U.S. election results and increased support from Wall Street.
Saylor emphasized his confidence in Bitcoin’s growth trajectory, citing reduced uncertainties and a favorable environment for cryptocurrencies:
“The biggest uncertainty was the U.S. elections. With that resolved, the market now has a clear direction. I don’t foresee any significant downturns in the short term.”
He also expressed hope for crypto-friendly regulations, anticipating supportive moves under the new SEC leadership.
Wall Street’s growing interest in cryptocurrencies also signals a major shift, according to Saylor:
“Trump’s victory and support from Wall Street are creating immense opportunities for Bitcoin. Giants like BlackRock are critical to the industry’s future. At MicroStrategy, we’ve announced a $42 billion investment plan to acquire as much Bitcoin as possible.”
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Saylor views Bitcoin not just as an investment but as a strategic asset, essential for the U.S. to lead in the digital era:
“America’s future lies in dominating the cyber realm. Bitcoin is the global reserve capital network, and we must lead in this space. This is why I fully support the strategic reserve initiative.”
Regarding Bitcoin’s price, he dismissed concerns about potential declines and remains confident about the $100,000 target:
“I don’t see a drop to $60K or $30K. The trend is upward. That’s why I’m preparing for a $100,000 party. I believe we’ll reach this level by November or December.”
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