Michael Saylor, Bitcoin’s loudest megaphone, is calling for a BTC explosion. With Republicans back in power, the MicroStrategy boss says Bitcoin’s bull run is just beginning. On Thursday, he dropped a bold prediction, stating Bitcoin would blast through the $100,000 mark by the end of the year. Saylor’s planning a New Year’s Eve bash at his house, expecting BTC to hit that coveted number.
Bitcoin’s been riding high since Donald Trump’s return as President-elect, a candidate promising to clean up crypto regulation. On Election Day, BTC shot past its previous all-time high, now sitting comfortably at $88,360. It even touched $93,477 just two days ago, smashing its old record by a solid $20,000.
Trump’s Pro-Bitcoin Stance Energizes Market
Saylor thinks Trump’s win is a massive windfall for Bitcoin. Calling the election “incredibly auspicious,” he believes this new administration could finally fix crypto’s regulatory headaches. The SEC has been hunting down projects left and right, labeling them unregistered securities. Trump, however, promises a friendlier stance, even suggesting he’d replace the current anti-crypto SEC Chair, Gary Gensler. This pledge has crypto enthusiasts buzzing, and Saylor’s all-in.
MicroStrategy has been stockpiling Bitcoin since 2020, turning itself into a Bitcoin juggernaut. Investors looking to hop on the BTC train often go through MicroStrategy instead of buying coins directly. The company buys Bitcoin using debt, a bold move that’s paid off so far. Now, with Trump in power and Bitcoin rallying, Saylor’s holding firm on his BTC bet.
MicroStrategy’s Massive Bitcoin Bet Grows
At current prices, MicroStrategy’s Bitcoin stash stands at 279,420 BTC, worth a staggering $25 billion. Saylor’s aiming even higher, with plans to raise another $42 billion over three years to keep hoarding. At $100,000 per Bitcoin, the company’s holdings would soar to a nearly $28 billion valuation, cementing its spot as the ultimate Bitcoin proxy for mainstream investors.
Saylor’s New Year’s Eve party won’t just celebrate the year’s end. It’s set to mark Bitcoin’s journey to six-figures—a milestone he’s confident is within reach before December closes out. Crypto fans everywhere are watching, waiting, and gearing up for a wild end to 2024.
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