Bitcoin advocate and MicroStrategy founder Michael Saylor has dismissed the possibility of Bitcoin falling back to $60,000, a significant price point for the coming year.
“I don’t think it’s going to $60,000 or $30,000. I think it’s going to rise from here,” Saylor stated in an interview with CNBC on Nov. 14. At the time, Bitcoin was trading near $87,790, according to CoinMarketCap.
Saylor attributed much of Bitcoin’s stability to Donald Trump’s recent electoral victory, saying it had “very decidedly” solidified the future of crypto and Bitcoin within the U.S. He added, “I don’t really see any near-term threats on the horizon.”
“Would be surprised” if Bitcoin misses $100,000 before 2025
Saylor expressed confidence in Bitcoin’s upward trajectory, revealing plans for a celebratory event: “I’m planning the $100,000 party,” he said. “I’m thinking it’s probably going to be New Year’s Eve at my house. I would be surprised if we don’t go through $100,000 in November or December.”
This sentiment is shared by Keith Alan, co-founder of Material Indicators, who suggested Bitcoin could hit $100,000 as early as Nov. 28—potentially by Thanksgiving.
However, CryptoQuant CEO Ki Young Ju offered a more cautious perspective on Nov. 9, predicting Bitcoin might end the year below $59,000 due to an overheated futures market.
Despite potential fluctuations, traders remain optimistic about Bitcoin’s overall direction.
“Expect high volatility, more liquidations, but overall, the price trend will be upward, reaching new highs,” said pseudonymous trader Ash Crypto in a post to their 1.2 million followers on X on Nov. 14.
On the same day, financial analyst Rajat Soni shared his long-term outlook, stating, “I don’t care about the price when I buy Bitcoin; every purchase will gain purchasing power over time.”
Saylor also commented on the possible resignation of SEC Chair Gary Gensler as Trump assumes office next year. “Whoever takes that role has the ‘most pivotal role’ in shaping the crypto industry,” he said.
Saylor continued, “This is incredibly bullish for digital assets. We’re likely to see pro-Bitcoin policies, a comprehensive digital assets framework, and an end to the war on crypto.”
Bitcoin Strategic Reserve Bill “greatest deal” of the century
Speaking at the Cantor Crypto, Digital Assets & AI Infrastructure Conference on Nov. 13, Saylor championed the U.S. Strategic Bitcoin Reserve Bill, which aims to have the U.S. government accumulate 1 million Bitcoin—roughly 5% of the total supply—over five years.
“This is the ‘greatest deal of the 21st century,’” Saylor declared.
“If the bill isn’t passed and we simply retain the Bitcoin already on the balance sheet, it’s worth $3 trillion to the American people,” Saylor explained. “But if the bill, as written, is passed, it could bring a $16 trillion benefit to the U.S. over the next 21 years. And if we go all in and double the goal, the benefit could reach $30 trillion.”
Still, Galaxy Digital founder Mike Novogratz expressed skepticism, suggesting a “low probability” that Trump will follow through on establishing a strategic Bitcoin reserve during his presidency.
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