Bitcoin advocate Michael Saylor dismissed predictions of Bitcoin retracing to $60,000, confidently stating, “It’s going up from here.” Speaking to CNBC, the MicroStrategy founder expects Bitcoin to surpass $100,000 by year-end, with a celebratory New Year’s Eve party in the works.
Bitcoin, currently trading around $87,790, has analysts divided. While Keith Alan of Material Indicators sees $100,000 as achievable by Nov. 28, CryptoQuant CEO Ki Young Ju warns of a potential dip below $59,000 due to an overheated futures market. Despite volatility, traders like Ash Crypto and financial analyst Rajat Soni remain bullish on Bitcoin’s long-term value.
Saylor also praised Trump’s pro-crypto stance, predicting a more favorable digital assets framework in the U.S. He championed the proposed Bitcoin Strategic Reserve Bill, calling it the “greatest deal of the 21st century,” estimating benefits of up to $30 trillion if passed. However, Galaxy Digital’s Mike Novogratz downplayed the likelihood of Trump fulfilling his Bitcoin reserve pledge.
Source | Photo Credits: Cointelegraph
