jakiro
MicroStrategy founder and Bitcoin bull Michael Saylor ruled out the possibility of Bitcoin retracement to $60,000.
Saylor said in an interview with CNBC: “I don’t think Bitcoin will retreat to $60,000, and it will not retreat to $30,000, it will rise from its current price.”
It would be “surprising” without breaking $100,000
Recently, Saylor said: “I am planning a party with Bitcoin reaching $100,000.””I think it might be on the eve of my family’s New Year’s party, so I would be surprised if Bitcoin didn’t exceed $100,000 in November or December”.
Consistent with Saylor’s view, Material Indicators co-founder Keith Alan said that Bitcoin could hit $100,000 before November 28 or the U.S. Thanksgiving.
Still, CryptoQuant CEO Ki Young Ju warned on November 9 that Bitcoin could be below $59,000 by the end of the year, noting that the overheating futures market is one of the main reasons for his forecast of a plunge at the end of the year.
Some traders say that while the volatility may continue, they believe Bitcoin will continue to rise.
Anonymous crypto trader Ash crypto said in a post on November 14 that high volatility is expected to lead to more liquidation, but overall, the price trend will break up the high upwards”.
Financial analyst Rajat Soni also said on November 14 that he “does not care about the price” when buying Bitcoin because “every purchase increases purchasing power.”
Saylor also expressed his views on speculation that US SEC Chairman Gary Gensler will resign after Trump took office, saying whoever takes over the position will play a “most critical role” in the cryptocurrency industry.
“I think this is incredible good for digital assets and is very good for the crypto industry. We will see more policies that support Bitcoin, we will see the digital asset framework, we will see the crypto litigation war.Finish”.
Bitcoin Strategic Reserves Act is the “greatest deal” of the century
Meanwhile, at the Digital Assets and Artificial Intelligence Infrastructure Conference on November 13, Saylor declared the US Bitcoin Strategic Reserves Act “the greatest deal of the 21st century.”Once passed, the bill will set a goal for the U.S. government to accumulate 1 million bitcoins in five years, accounting for about 5% of the total Bitcoin supply.
“If we don’t pass this bill, all we do is leave the existing Bitcoin on the balance sheet, which is worth $3 trillion.”If the bill passes, “As per the current draft, it will bring US $16 trillion in revenue in 21 years.”
“If they decide to double the Bitcoin maximum, it will bring in $30 trillion.”
However, Galaxy Digital founder Mike Novogratz said it is “very unlikely” to fulfill his promise to build a strategic reserve of Bitcoin during Trump’s tenure.
In addition, Michael Saylor also said that the idea of buying strategic assets in the United States is not new, pointing out that the acquisition of Manhattan, Louisiana land purchases, and the purchases in California and Alaska in the 19th century, all of which brought trillions of dollars to the United StatesThe return of the dollar.
Saylor also noted that there are several other strategic procurements in U.S. history, such as gold, oil, cereals and helium.Saylor said: “This has been done before, and it’s a very simple idea: find out where the value will come, buy and hold it at a low price. Bitcoin is the Manifest Destiny of the United States. I thinkThe Trump administration understands this, and I think Senator Loomis understands it too. That’s why the U.S. strategy to build Bitcoin reserves will come true.”
