MicroStrategy founder Michael Saylor remains resolute in his bullish outlook for Bitcoin, dismissing any possibility of the cryptocurrency retracing to $60,000—or even $30,000—in the foreseeable future.
“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,” Saylor told CNBC on Nov. 14. Bitcoin is currently trading around $87,790, according to CoinMarketCap.
Michael Saylor is already planning a celebratory event to mark Bitcoin’s anticipated surge past the $100,000 milestone. “I’m thinking it’s probably going to be New Year’s Eve at my house,” he joked. “I would be surprised if we don’t go through $100,000 in November or December.”
Market Experts Align With Michael Saylor’s Optimism, But Warn of Risks
Keith Alan, co-founder of Material Indicators, echoed Michael Saylor’s confidence, suggesting Bitcoin could hit $100,000 as soon as Nov. 28, coinciding with Thanksgiving in the United States.
However, not all analysts are as optimistic. CryptoQuant CEO Ki Young Ju warned on Nov. 9 that Bitcoin might close the year below $59,000 due to an overheated futures market. Pseudonymous crypto trader Ash Crypto also forecasted significant volatility ahead, cautioning traders about potential liquidations. Still, Ash remains confident in the upward trend, posting that Bitcoin is set to “make new highs.”
Political Shifts and Regulatory Speculation
Saylor linked his bullish outlook to the political landscape, particularly Donald Trump’s election victory, which he believes has solidified Bitcoin’s future in the U.S.
“I don’t really see any threats on the near-term horizon,” Saylor said, adding that Trump’s presidency is likely to usher in more favourable Bitcoin policies. He also addressed speculation surrounding the potential resignation of SEC Chair Gary Gensler, emphasising that the regulatory role remains pivotal for the crypto industry.
“This is incredibly bullish for digital assets. We’re going to see a lot more pro-Bitcoin policies and an end to the war on crypto,” Saylor stated.
The US Bitcoin Reserve: A Vision for the Future
During the Cantor Crypto, Digital Assets & AI Infrastructure Conference on Nov. 13, Michael Saylor championed the proposed US Strategic Bitcoin Reserve Bill, which aims to accumulate 1 million Bitcoin—roughly 5% of its total supply—over five years.
Labelling it “the greatest deal of the 21st Century,” Saylor claimed the bill could yield a $16 trillion benefit to the United States over two decades if passed. He added that doubling the reserve target could push the benefit to $30 trillion.
Despite the bold vision, Galaxy Digital founder Mike Novogratz downplayed the likelihood of the bill becoming reality. He expressed doubts that President-elect Trump would prioritise establishing a Bitcoin strategic reserve during his term.
