As the price of Bitcoin pushes its all-time high to $90,000, MicroStrategy founder and Bitcoin supporter Michael Saylor is once again in the market spotlight. In an interview with CNBC on November 14, he emphasized that Bitcoin will not return to $60,000 or lower, but will continue to rise.
Trump’s victory will boost the development of the crypto industry
Michael Saylor said in an interview:
"I don't think it's going back to $60,000, I'm not thinking it's going back to $30,000. I think it's just going to go up from here."
Saylor believes that Donald Trump’s victory will very clearly determine the future of cryptocurrencies and Bitcoin in the United States. "I don't see any threat in the short term," he added. He believes that Trump’s victory will bring a more friendly policy environment for digital assets and end the regulatory pressure that the cryptocurrency industry has faced in the past few years.
“I think this is a huge positive for digital assets and very good for the cryptocurrency industry. We will see more policies that support Bitcoin, the emergence of a digital asset framework, and an end to the suppression of cryptocurrencies.”
In addition, Michael Saylor also predicted that with Trump taking office, the current Securities and Exchange Commission (SEC) Chairman Gary Gensler is likely to resign, and the new chairman will have a "critical impact" on the cryptocurrency industry.
How to view the 100,000 mark
Michael Saylor appears confident about the future price trend of Bitcoin. He revealed that he was already planning a party to celebrate Bitcoin hitting $100,000.
"I would be very surprised if we don't hit $100,000 in November or December of this year."
Meanwhile, Keith Alan, co-founder of trading resource platform Material Indicators, also supports this view, believing that Bitcoin may reach $100,000 on November 28, around the US Thanksgiving Day. The well-known crypto trader Ash Crypto posted on social media X:
"More volatility and liquidations are expected in the future, but the overall price trend will remain upward and reach new highs."
However, not everyone is so optimistic. CryptoQuant CEO Ki Young Ju has warned that Bitcoin could fall below $59,000 by the end of the year due to overheating in the futures market. He pointed out that the market still needs to face the pressure of volatility and potential correction in the short term.
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