MicroStrategy's executive chairman, Michael Saylor, predicts Bitcoin will hit $100,000 by the end of 2024, calling the United States (US) election outcome the most significant event for Bitcoin in the last four years.
MicroStrategy Executive Chairman Michael Saylor expects Bitcoin to hit $100,000 by year-end, citing the US election outcome as a major catalyst. Bitcoin reached an all-time high above $93,200 on Wednesday, shortly after the US CPI report. MicroStrategy said on Monday that it bought an additional $2.03 billion in Bitcoin , increasing its total holdings to 279,420 BTC.
So I would be surprised if we don’t go through $100,000 in November or December,” Saylor stated. The cryptocurrency reached a record high of over $93,200 on Wednesday, following the US Consumer Price Index report. On Friday it is trading near $89,800, with an increase of around 3% in the last 24 hours. Source: Bitcoin 1-week chart Saylor's positive view matches Bitcoin's recent gains, strengthening his confidence in the cryptocurrency's rise as the year ends.
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