According to Cointelegraph: MicroStrategy founder and prominent Bitcoin (BTC) advocate Michael Saylor has confidently dismissed the possibility of Bitcoin retracing to $60,000, a price level speculated by some analysts for most of 2024. Speaking to CNBC on November 14, Saylor remarked, “I don’t think it is going to $60,000, it is not going to $30,000. I think it is going to go up from here.”Bitcoin is currently trading at approximately $87,790, according to CoinMarketCap. Saylor attributes his optimism to favorable conditions for the crypto market following Donald Trump’s election victory, which he believes has “very decidedly” secured Bitcoin’s future in the United States.Planning a $100K Bitcoin Party by Year-EndSaylor is so confident in Bitcoin’s trajectory that he’s planning a New Year’s Eve party to celebrate Bitcoin surpassing $100,000. “I’m thinking it’s probably going to be New Year’s Eve at my house, so I would be surprised if we don’t go through $100,000 in November or December,” he said.Keith Alan, co-founder of Material Indicators, echoed this optimism, predicting that Bitcoin could reach $100,000 as early as November 28, potentially coinciding with Thanksgiving in the U.S.Diverging Opinions on Bitcoin’s Year-End PerformanceWhile bullish predictions dominate, CryptoQuant CEO Ki Young Ju warned that Bitcoin could end the year below $59,000, citing risks of an overheated futures market. Conversely, many traders and analysts remain confident in Bitcoin’s upward trend despite expected volatility.“Expect high volatility, more liquidations, but overall, the price trend will be to the upside making new highs,” tweeted pseudonymous trader Ash Crypto to their 1.2 million followers on November 14.Financial analyst Rajat Soni added that he focuses on Bitcoin’s long-term value rather than short-term price movements, stating, “Every buy will appreciate in purchasing power.”Strategic Bitcoin Reserve Bill: A $30 Trillion OpportunitySaylor also highlighted the potential impact of the U.S. Strategic Bitcoin Reserve Bill during the Cantor Crypto, Digital Assets & AI Infrastructure Conference on November 13. The proposed law would aim for the U.S. government to accumulate 1 million Bitcoin (BTC), roughly 5% of the total supply, over five years.Calling it the “greatest deal of the 21st Century,” Saylor estimated the bill could generate a $16 trillion benefit for the U.S. economy over 21 years, doubling to $30 trillion if expanded. However, Galaxy Digital’s Mike Novogratz expressed skepticism about President-elect Trump’s commitment to establishing the reserve, citing a “low probability” of execution.Pro-Bitcoin Policies Expected Under New AdministrationSaylor anticipates a favorable shift in U.S. crypto policy under the incoming administration, including more pro-Bitcoin regulations, a comprehensive digital assets framework, and the resolution of the "war on crypto."“The next SEC chair will have the most pivotal role in the crypto industry,” he said, expressing optimism about a brighter future for digital assets.Bitcoin (BTC) currently trades at $87,790, with market participants divided on its trajectory. While some predict a surge to $100,000 by year-end, others remain cautious of a potential retrace. As institutional and regulatory developments unfold, Bitcoin’s performance will continue to capture global attention.Read More: Bitcoin's Momentum Expected To Continue Amid Positive Market FactorsGoldman Sachs Expands Bitcoin ETF Holdings SignificantlyVanguard May Introduce Bitcoin And Ethereum ETFs By Next Year

According to Odaily, Matthew Sigel, the Head of Digital Asset Research at VanEck, has expressed optimism about the potential launch of a Solana ETF by the end of next year. This statement was shared by Nate Geraci, President of The ETF Store, on the X platform. Sigel's comments highlight the growing interest and anticipation surrounding Solana's integration into the ETF market, which could mark a significant development in the digital asset space.

The potential introduction of a Solana ETF reflects the increasing recognition of Solana's capabilities and its position within the cryptocurrency ecosystem. As the digital asset market continues to evolve, the possibility of a Solana ETF could attract more institutional investors, providing them with a regulated and accessible way to invest in Solana. This development aligns with the broader trend of traditional financial institutions exploring opportunities within the cryptocurrency sector, aiming to offer diversified investment products to their clients.

The anticipation of a Solana ETF launch underscores the dynamic nature of the cryptocurrency market and the ongoing efforts by asset management companies to expand their offerings. If realized, the introduction of a Solana ETF could enhance the visibility and adoption of Solana, further solidifying its role as a prominent player in the digital asset landscape. As the market awaits further developments, stakeholders remain attentive to regulatory approvals and market conditions that could influence the timeline and success of such an ETF.

According to DLNews, crypto businesses may face suspension of services in the European market, valued at nearly $1 trillion, unless they are granted additional time to comply with the European Union's new Markets in Crypto-Assets (MiCA) regulation. A letter addressed to the European Securities and Markets Authority (ESMA) by several crypto and blockchain trade associations warns that without an extension, the market's reputation and customer interests could be at risk. The letter, from the European Crypto Initiative, Blockchain for Europe, the Electronic Money Association, and the International Association for Trusted Blockchain Applications, highlights potential negative financial impacts across EU member states if compliance is not achieved in time.

The next phase of MiCA's implementation is scheduled for December 30, introducing new regulations for crypto asset service providers (CASPs), including exchanges, wallet providers, and custodians. While these regulations are seen as a catalyst for the crypto industry's growth in Europe, industry representatives express concerns over the perceived slow response from regulators, which may hinder their ability to capitalize on this opportunity. ESMA recently finalized the implementing rules of MiCA, which detail the compliance requirements for individual state regulators and crypto firms. However, CASPs cannot authorize firms until they receive ESMA's rules, which were submitted to the European Commission on October 16 and endorsed on October 31. This leaves EU state regulators with limited time to publish their authorization requirements and approve firms by the December 30 deadline.

MiCA offers a grace period of up to 18 months for firms to transition from existing local CASP regulations to MiCA. However, the trade associations argue that this grace period is insufficient, as crypto firms may still need to cease cross-border services. MiCA allows individual countries to select different grace periods, up to the 18-month limit. Some states, like Denmark, France, and Greece, have opted for the full 18 months, while others, such as Ireland, chose 12 months, and Lithuania only five months. The lengthy application process, involving extensive paperwork, further complicates the timeline for authorizations, potentially extending beyond many countries' grace periods.

The letter emphasizes the threat to MiCA's passporting provisions, which allow CASPs authorized in one state to offer services across the EU. The trade associations urge ESMA to extend the grace period for MiCA authorization to the end of June, which would reduce regulatory uncertainty and enable CASPs to continue services while applications are processed. Vyara Savova, a senior policy expert with the European Crypto Initiative, suggests that ESMA could also address the issue by advising member states to harmonize their timelines and extend their grace periods. ESMA has not yet responded to the request for comment.