Michael Saylor predicts Bitcoin could exceed $100K this year, citing political shifts, institutional backing, and reduced market risks.

Bitcoin saw a 1.5% drop in the past 24 hours, signaling profit-taking following a significant rally earlier this week. The cryptocurrency had climbed above $93,000, reaching a high of $93,850 before encountering selling pressure.

The pullback led to a dip, with Bitcoin trading around $89,780 after hitting a low of $85,000. Despite this, market sentiment remains optimistic, with industry leaders forecasting further upward momentum.
For instance, Michael Saylor, co-founder and Executive Chairman of MicroStrategy, has expressed optimism about Bitcoin’s near-term potential.

Speaking with CNBC, he projected that Bitcoin could exceed $100,000 by the end of the year, dismissing the likelihood of significant price drops. Saylor pointed to recent political shifts and institutional backing as critical factors supporting this outlook.

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