Published on CentBit.Online – Your Trusted Crypto & Blockchain Expert in Bangladesh
Michael Saylor, the co-founder and executive chairman of MicroStrategy, has confidently forecasted that Bitcoin (BTC) will break past the $100,000 mark by the end of 2024. In light of Bitcoin’s recent price surge, Saylor is already planning a New Year’s Eve party to celebrate the milestone.
Saylor: Bitcoin’s Momentum Is Unstoppable
“I’m planning the $100,000 party,” Saylor revealed during an interview with CNBC. “It’ll likely be a New Year’s Eve celebration at my house. I’d be surprised if Bitcoin didn’t hit $100,000 by November or December of next year.”
Saylor also noted the impact of Donald Trump’s recent presidential election victory on Bitcoin’s trajectory. Calling it “incredibly auspicious for Bitcoin,” he expressed confidence that the cryptocurrency has no significant near-term threats.
“I don’t think it’s going to $60,000 or $30,000 again,” Saylor remarked. “I believe Bitcoin will only go up from here.”
MicroStrategy’s Dominance in Bitcoin Holdings
Saylor’s bullish outlook comes as his company, MicroStrategy, continues to lead corporate Bitcoin adoption. Known for his strategic accumulation of Bitcoin since 2020, Saylor has often been praised for his foresight.
As of now, MicroStrategy’s Bitcoin holdings are valued at nearly $25 billion, far outperforming the S&P 500 index in terms of returns.
Trump’s Crypto Influence on Bitcoin Prices
Bitcoin’s value has soared since Donald Trump’s victory over Democratic nominee Kamala Harris in the 2024 U.S. presidential election.
Earlier this week, Bitcoin broke its all-time high, climbing past $93,000 before settling at $89,000 by Friday afternoon, according to market data.
Trump’s pro-crypto stance has been a game-changer for market sentiment. He announced plans to introduce a crypto-friendly regulatory framework, which he unveiled during the Bitcoin 2024 Conference.
“We will have regulations,” Trump stated, “but the rules will now be written by the people who love your industry, not those who hate it.”
A Shift in Trump’s Crypto Views
Trump’s recent praise for Bitcoin marks a significant shift in his stance. In 2019, he dismissed cryptocurrencies as “highly volatile and based on thin air” in an X post, expressing concerns over their potential use in illegal activities.
Fast-forward to October 31, 2024, Trump posted a celebratory message for Bitcoin’s 16th white paper anniversary, signaling his complete reversal.
Bitcoin’s Future: $100,000 and Beyond?
With Bitcoin’s price momentum, strong institutional backing, and pro-crypto policies on the horizon, analysts and industry leaders remain optimistic about its future. Whether Saylor’s $100,000 prediction materializes before 2025 remains to be seen.
Stay updated on Bitcoin’s journey to $100,000 and beyond with CentBit.Online – Bangladesh’s Leading Crypto & Blockchain Platform.
CentBit.Online: Your Gateway to the Future of Digital Finance in Bangladesh and Beyond.
