Michael Saylor, founder of MicroStrategy and a prominent Bitcoin advocate, has ruled out the likelihood of Bitcoin dropping to $60,000, stating that it is instead on an upward trajectory. In a CNBC interview on November 14, Saylor expressed optimism about Bitcoin’s future, which is currently trading around $87,790, suggesting it could exceed $100,000 by the end of 2024. He attributed the stabilization of Bitcoin's future to Donald Trump's recent election win, saying there are no immediate threats to the cryptocurrency market. While some analysts warn of potential price declines, Saylor remains bullish, planning a celebratory party for when Bitcoin reaches $100,000. He also discussed the proposed US Strategic Bitcoin Reserve Bill, viewing it as a significant opportunity for the US government to accumulate Bitcoin and benefit the economy substantially in the long run. His sentiments are shared by other traders, who expect continued volatility but overall positive market movement ahead.

Source 🔗