In a recent interview with CNBC, MicroStrategy co-founder Michael Saylor predicted that the price of Bitcoin could reach $100,000 by the end of this year.
Saylor is convinced that Bitcoin is not going to revisit the $30,000 level. Instead, the leading cryptocurrency is going to surge higher in the near future.
"I'm planning the $100,000 party, and I'm thinking that it's probably going to be New Year's Eve at my house. So, I will be surprised if we don't go through $100,000 in November or December" he said.
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The leading cryptocurrency dipped below the $87,000 level earlier this Friday after reaching a lifetime peak of $93,477 on Wednesday, according to CoinGecko data.
Polymarket bettors currently see only a 36% chance of Bitcoin hitting $100,000 this November.
According to Bloomberg, the ongoing Bitcoin rally has started showing signs of cooling based on recent data fro the derivatives market.
A US Bitcoin reserve is a great idea
During the interview, Saylor also predicted that the US will eventually establish a Bitcoin reserve.
"The next great frontier is cyberspace, and the obvious thing to do is own cyberspace...I think it's a great idea. I think it will happen," he said.
As reported by U.Today, Mike Novogratz predicted that a US Bitcoin reserve was unlikely. However, if such an ambitious idea gets implemented, Novogratz expects Bitcoin to skyrocket all the way to $500,000.
