Michael Saylor Targets $100K Bitcoin This Year — Says All Microstrategy Investors Want More BTC
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Michael Saylor is planning a $100K bitcoin celebration, citing bullish momentum fueled by Wall Street support, regulatory optimism, and Microstrategy’s aggressive BTC acquisitions.
‘All of Our Investors Tell Me, They Want Me to Buy More Bitcoin’Michael Saylor, the pro-bitcoin executive chairman of Microstrategy (Nasdaq: MSTR), delved into BTC’s trajectory and the cryptocurrency industry’s future in an interview with CNBC last week. He pointed to a convergence of factors driving optimism, including political developments and Wall Street backing.
“We’re also getting a lot of very constructive support from Wall Street,” Saylor said, elaborating: “Blackrock has been a very, very strong voice articulating the bitcoin value proposition.” He added that Microstrategy announced on Oct. 30 that it will raise $42 billion to buy bitcoin. “That’s the same as saying we’re going to buy every bitcoin mined for the next three years at $85,000 or more bitcoin,”
Saylor described, emphasizing:
There’s a lot of bullish things going on in the market right now.
On regulation, Saylor discussed the importance of leadership at the U.S. Securities and Exchange Commission (SEC), calling it “probably the most pivotal role in the entire digital assets industry.” He predicted that a pro-bitcoin SEC chair could bring about significant changes, including “a digital assets framework” and “an end to the war in crypto.”
The Microstrategy chairman also expressed confidence in bitcoin’s price performance, rejecting the possibility of a drop below $30,000. “I don’t think it’s going to $60K.
