Michael Saylor predicts Bitcoin will soar to $100k amid Trump’s pro-crypto administration

MicroStrategy CEO Michael Saylor expects Bitcoin to reach $100,000 before the end of the year, stating that the 2024 US election result is ‘the biggest thing to happen for Bitcoin in the last four years’.

In an interview with CNBC on November 14, MicroStrategy CEO stated that he is already planning a “New Year’s Eve” party at his home to celebrate Bitcoin (BTC) reaching its all-time high of $100,000. When asked if he sees any threats that could drop Bitcoin to $30,000, Saylor expressed confidence that BTC will not fall below $60,000.

“I think it will go up from here. I’m planning the $100,000 party and I think it will probably be at my house on New Year’s Eve. “I’d be surprised if we don’t get over $100,000 in November or December,” Saylor said.

Most recently, Bitcoin rose to an all-time high above $93,400 shortly after the US CPI report was released on November 13. According to crypto.news data, BTC is currently trading at $89,083 after falling 1.7%. in the last 24 hours of trading.

Bitcoin increased by 32.64% in the last 30 days, November 15, 2024 | Source: crypto.news

Saylor attributed Bitcoin’s ongoing bull run to President-elect Trump’s victory and the Republican party’s dominance of the House of Representatives and Congress, stating that “the red wave is probably the biggest thing that’s happened for Bitcoin in the last four years.”

Shortly after Donald Trump was confirmed as the President-Elect of the United States, Bitcoin reached an all-time high of $75,000. Since Bitcoin is often a benchmark for all other altcoins in the industry, other cryptocurrencies such as Ethereum(ETH), Solana(SOL), as well as meme coins such as cat in a dogs world(MEW) and Peanut(PNUT) have risen along with Bitcoin. BT.

“I think this is incredibly bullish for digital assets. Very good for the crypto industry. We will see a lot more pro-Bitcoin policies. We will see a digital asset framework. “We will see the end of the war against crypto,” Saylor said.

At the time of this writing, Stand With Crypto noted that 272 pro-crypto candidates, the majority of whom are Republicans, have been elected to the House of Representatives.

On November 11, Michael Saylor announced that MicroStrategy invested an additional $2.03 billion worth of BTC, bringing its total Bitcoin holdings to 279,420 tokens. MicroStrategy currently has the largest Bitcoin Reserve ever owned by a company.