Michael Saylor, CEO of Microstrategy (a Bitcoin-based company) and maximalist in Bitcoin (BTC), recently gave an interview to Forbes. CNBC host Morgan Brennan. Saylor Brennan and Morgan Brennan discussed the recent BTC spike. BTC’s recent rally pushed Microstrategy BTC ROI over 100%. BTC is worth over $20 billion to the company.
Saylor claims that the way the crypto sector is perceived by the political community has changed significantly. Saylor argues that the shifting political landscape, as well as the financial support provided by BlackRock and other institutions has led to a more favorable climate for Bitcoin (BTC).
Saylor has ruled out BTC dropping to $60,000 The BTC maximalist, however, believes that the crypto original will surpass the $100,000 mark before the end of the year.
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Bitcoin to reach $100,000 by 2025
Saylor isn’t the only one to believe that BTC will surpass $100,000. Standard Chartered reported that BTC would surge up to $125,000 if Donald Trump were to win the US Presidential elections, as he was. To reach $125,000 at current prices will require a 40% increase.
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Some believe that Trump’s win could mean more lenient regulation for the crypto sector. Analysts use his business-friendly and pro crypto policies to support their argument that BTC is likely to continue its upward trend. Trump has made it clear that he supports cryptocurrencies. Elon, who is both the richest individual in the entire world, and also a supporter of cryptocurrency, has been one of Trump’s strongest supporters.
CoinCodex analysts believe BTC will surpass $100,000 by the month’s end. Platform predicts BTC will trade at $103,338 by Nov. 29 2024. The platform predicts that BTC will trade at $103,338 on Nov. 29, 2024.
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BTC may also be slightly corrected if some investors begin to book their profits. The asset’s performance over the next couple of weeks remains to be determined.
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Source: watcher.guru
