Bitcoin Bull Michael Saylor Expects$ 100K Price By Year&#039, s Close

Now that the Republican party is about to retake control, bitcoin priest Michael Saylor is more optimistic than ever, and he intends to hold a party when the stock reaches$ 100, 000 by the end of the year.

The billionaire and founder of MicroStrategy, a software company with more BTC in its government than any other company, made the prediction that Bitcoin would cross the$ 100, 000 level at some point in December. &nbsp,

Bitcoin shot away following the election of ex-President, then President-elect Donald Trump on November 5. While campaigning, the crypto-friendly member promised to support the digital asset sector, and he will soon have a chance to fulfill those promises.

The price of Bitcoin now stands at$ 88, 360 after touching$ 93, 477 just two days ago, according to CoinGecko. The fresh all-time high price tag is almost$ 20, 000 higher than the previous stage, which was breached on Election Day.

” I’m planning the$ 100K party, and I’m thinking it’s probably going to be New Year’s Eve at my house”, he said when asked whether Bitcoin could drop back to$ 60, 000 or even as low as$ 30, 000. &nbsp,

” I would be surprised if we do n’t go through$ 100K in November or December”, he continued. &nbsp,

Saylor continued,” It was incredibly positive for Bitcoins” and the entire digital property market as a whole as a result of Trump’s victory.” &nbsp,

Trump was the fast-moving crypto industry’s biggest bet, not just the Wall Street favorite who won the White House. American companies in the space have experienced regulatory difficulties as the Securities and Exchange Commission ( SEC ) has pursued businesses that it believes are selling unregistered securities. &nbsp,

But Trump came out as violently pro-Bitcoin this time, despite earlier mistrust around the blockchain industry, and yet said he would flame the SEC’s extremely anti-crypto Chair, Gary Gensler. &nbsp,

MicroStrategy, which sells data-analyzing program, has been buying Cryptocurrency since 2020. Saylor—who co-founded the business and is now its executive president —argues that the biggest online penny by industry cover is the best long-term investment. &nbsp,

His business is now a Bitcoin proxy for traders: MicroStrategy uses debt to purchase large amounts of “digital gold” for those who want publicity to the property. The company recently disclosed plans to continue buying Bitcoins over the course of another$ 42 billion over the next three decades.

The Tyson, Virginia-based company now holds 279, 420 Bitcoin—worth about$ 25 billion at the current price. At a$ 100, 000 price, then, MicroStrategy’s stash would be valued at nearly$ 28 billion.