Will Bitcoin Reach $100,000?

Michael Saylor, founder of MicroStrategy and Bitcoin maximalist, argued that $BTC will reach $100,000.

Bitcoin, which entered a new era with the US presidential elections, has lost momentum in recent days. The BTC price fell by nearly 4 percent in the last 24 hours to $88,000.

Speculations increased for BTC, which fell after the US PPI (Producer Price Index) data. Analysts predicted that a potential correction had begun and that $BTC would fall to $60,000.

Speaking to CNBC on November 14, Saylor made reference to analysts who expected a decline.

Saylor made the following statements;

“I don’t think #BTC will fall to $60,000, nor will it go to $30,000. I think BTC will rise from these levels.”

Expectations are positive for Bitcoin

Michael Saylor said that Donald Trump’s victory in the US presidential elections was positive for the crypto sector. Saylor noted the following;

“With Trump’s victory, Bitcoin’s future is set and there seems to be no threat in the near term.”

Saylor thinks that the positive atmosphere will continue and BTC will continue to rise. Saylor announced that he will throw a party for the rises in question.

Saylor noted the following;

“I’m planning a $100,000 party. I think the party will be at my house on New Year’s Eve, so I’d be surprised if we don’t pass $100,000 in November or December.”

Material Indicators co-founder Keith Alan, who shares the same opinion as Saylor, argues that BTC could reach $100,000 by November 28.

Amidst the positive expectations, striking statements came from CryptoQuant CEO Ki Young Ju. Ki Young Ju warned that BTC could finish the year below $59,000.