The head of MicroStrategy, #michaelsaylor , rejects the possibility of bitcoin($BTC
falling to $ 60,000, predicting the growth of the main cryptocurrency to $100,000 by the end of the year.
"Bitcoin will not fall to $60,000 or $30,000. I believe that the price will continue to rise," Sailor said in an interview with #CNBC . At the time of his speech, bitcoin was trading around $87,790. According to the head of MicroStrategy, the victory of Donald Trump will have a positive impact on the development of bitcoin and the cryptocurrency sector in the United States. "I don't see any threats in the near future," he stressed.
Sailor is so confident in the growth of bitcoin that he is already planning a party in honor of reaching the $100,000 mark. "I think it will happen on New Year's Eve at my house. I will be surprised if we do not overcome this mark in November or December," he said.
Keith Alan, co-founder of the trading resource Material Indicators, shares Sailor's optimism. According to his estimates, bitcoin could reach $100,000 by November 28 — Thanksgiving Day in the United States.
However, CryptoQuant CEO Ki Young Ju holds a different opinion. On November 9, he warned that bitcoin could fall below $59,000 by the end of the year due to an overheated futures market.
At the Cantor Crypto, Digital Assets & AI Infrastructure conference, Sailor called the bill to create a strategic bitcoin reserve "the greatest deal of the 21st century." The document assumes the accumulation of 1 million bitcoins by the US government over five years.
"If the bill is passed in the current version, it will bring the United States a benefit of $16 trillion over 21 years. And if the volume of purchases is doubled, the benefit will amount to $30 trillion," said Sailor.
However, Galaxy Digital founder Mike Novogratz believes it is unlikely that President-elect Trump will fulfill the promise of creating a strategic reserve of bitcoin during his term.
The bitcoin market is showing significant growth amid optimistic forecasts and institutional interest. The current dynamics and fundamental factors indicate the continuation of the uptrend.
