Fasten your seat belt! Micro-strategy: BTC may not return to 60,000, and it is very likely to break 100,000 at 'this time'?

MicroStrategy founder: Bitcoin won't return to 60,000

BTC recently broke through the new high of $93,000 and started to pullback. Many investors are worried about further decline. However, Michael Saylor, the founder of MicroStrategy, recently stated in an interview that BTC will not fall back to $60,000.

According to a report by Cointelegraph, MicroStrategy founder Saylor clearly stated in an interview with CNBC on November 14th:

"I don't think BTC will fall to $60,000, let alone $30,000. It will only keep rising from now on (Up only)."

Thaler believes that Trump's victory with the Republican Party has "very clearly" determined the future of cryptocurrency and BTC in the United States, and said that he does not see any headwinds in the near future.

MicroStrategy CEO: ready to welcome the BTC 100,000 party

Saylor is confident in the future of Bitcoin, he said:

"I am organizing a $100,000 BTC party, which may be held at my house for the New Year's party. I would be very surprised if BTC has not broken $100,000 by November or December."

Co-founder of Material Indicators, Keith Alan, echoed Saylor's view that BTC may reach $100,000 as early as November 28th (US Thanksgiving).

And Cryptocurrency trader Ash Crypto, who has millions of fans, also said that although market volatility may continue, the overall trend of BTC is still bullish, and it is expected to continue to rise and reach new highs.

Image source: Michael Saylor, founder of MicroStrategy, talks about Bitcoin, according to CNBC.

BTC is the 'Fate of Heaven' in the United States

In an interview with CNBC, Saylor also linked BTC to the 19th-century American expansionist concept of 'Manifest Destiny,' believing that adopting BTC will become an inevitable event in history and will propel the United States towards the next stage of development.

During the US election, Trump proposed the strategic reserve of BTC. Previously, senators also proposed the "BTC Reserve Act." Saylor said that if the bill is passed, it could become the "greatest trade of the 21st century."

Sayer said that the United States began with the purchase of Manhattan in the 19th century, and subsequently acquired Louisiana, California, Texas, and Alaska. The next important frontier is cyberspace.

According to Saylor's estimate, if the BTC Reserve Act is passed, it will bring $16 trillion in revenue to the United States within 21 years.

SEC Chairman may step down before Trump takes office

Before Trump takes office, the cryptocurrency industry is looking forward to whether the regulatory environment will become clearer.

According to Fox News, last week 18 states in the United States sued the Securities and Exchange Commission (SEC) and 5 commissioners, accusing them of unconstitutional and excessive enforcement, unfair persecution of the cryptocurrency industry, and SEC Chairman Gary Gensler may leave before Trump takes office.

Celer expressed that this is very Favourable Information for digital assets. In the future, we can expect to see more policies supporting BTC, the government establishing a digital asset regulatory framework, and the end of the war on Crypto Assets.

Image Source: The Hill Fox News reported that Gary Gensler, chairman of the US Securities and Exchange Commission (SEC), may step down.

BTCMarket Cap is expected to reach half of gold's?

Selet specially mentioned that Wall Street has also provided constructive support for BTC, such as BlackRock, which launched BTC spot ETF and is actively conveying the value of BTC to investors.

Jan van Eck, CEO of renowned asset management company VanEck, previously predicted that the store of value function of BTC would become increasingly important. With the Federal Reserve starting to cut interest rates, it is expected to continue to grow in a low interest rate environment, and its Market Cap could reach half of gold in the future.

Read more: Will BTC Market Cap reach half of gold? VanEck CEO: If it becomes true, it could reach this level.

【Disclaimer】There are risks in the market, and investment needs to be cautious. This article does not constitute investment advice. The above views are for reference only, and users should consider whether any opinions, views, or conclusions in this article are suitable for their specific circumstances. Investing based on this is at your own risk.

'Fasten your seatbelt! MicroStrategy: BTC may break 100,000 at 'this time' when it can't return to 60,000?' This article was first published in 'encryption city'.