Michael Saylor, founder of MicroStrategy, predicts Bitcoin will not drop to $60K or below and believes it will surpass $100,000 by year-end.
Bitcoin is trading around $87,790, consolidating after recent highs, with bullish sentiment growing among investors and analysts.
Saylor is so optimistic about Bitcoin’s future that he’s planning a New Year’s Eve party to celebrate reaching the $100K milestone.
Saylor credits Donald Trump’s presidential victory with creating a more predictable regulatory environment for Bitcoin in the U.S.
While Saylor and others predict a $100K rally, some, like CryptoQuant CEO Ki Young Ju, caution about a potential drop below $59K due to an overheated futures market.
Investors like Rajat Soni view Bitcoin as a long-term asset, focusing on its increasing purchasing power over time rather than short-term price fluctuations.
Trump’s presidency could lead to crypto-friendly policies, especially if SEC Chair Gary Gensler steps down, which many see as bullish for Bitcoin.
A proposed bill could establish a U.S. Bitcoin Reserve to accumulate 1 million BTC over five years, potentially worth $3-$30 trillion in the long term.
While Bitcoin’s price is volatile, the overall trend remains upward, with many traders expecting continued growth as bulls maintain momentum.
Saylor and others see an end to the "war on crypto" and the possibility of transformational policies that could further legitimize and boost Bitcoin’s adoption globally.
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