Michael Saylor’s Bitcoin Price Prediction: No Dip, BTC Price to Hit $100K by Year-End

Bitcoin has recently made headlines by soaring to a jaw-dropping $93,435, smashing its all-time high and leaving investors on the edge of their seats. But after briefly dipping below $88,000, the cryptocurrency is now consolidating above $87,000, setting its sights on a crucial resistance level at $90,000.

Could this be the calm before another massive rally, or are we about to witness a pullback? The next move could set the stage for a journey toward $95,000—or even $100,000. With such high stakes, all eyes are on Bitcoin’s next steps.

Let’s take a closer look at what experts are saying

Saylor Remains Confident

MicroStrategy founder Michael Saylor is dismissing bearish predictions, insisting that Bitcoin will not fall to $60,000. In an interview with CNBC on November 14, Saylor stated that Bitcoin’s price is headed higher, ruling out the possibility of a drop to $30,000 or $60,000.

Currently trading around $87,790, Saylor believes Bitcoin is primed for a major increase. He is so confident in its rise that he’s planning a celebration for when Bitcoin hits $100,000, possibly by New Year’s Eve. Keith Alan from Material Indicators shares Saylor’s optimism, predicting Bitcoin could hit $100,000 by U.S. Thanksgiving.

Why Politics Could Favor Bitcoin

Saylor also sees potential for Bitcoin’s price to rise, thanks to changes in U.S. politics, particularly if Donald Trump returns to office. He believes this could lead to more Bitcoin-friendly policies, a clearer regulatory framework, and an end to the so-called “war on crypto.” Speculation about changes at the SEC under Trump also adds to the optimism in the crypto community.

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The Strategic Bitcoin Reserve Proposal

Saylor has also praised the Strategic Bitcoin Reserve Bill, which he calls a game-changer. If passed, the bill would see the U.S. government accumulate 1 million Bitcoins, potentially generating trillions of dollars in value over the next two decades. However, some experts, like Galaxy Digital’s Mike Novogratz, are skeptical about the bill’s chances of passing, which dampens some of the excitement.

Stay Cautious of the Risks

Not everyone shares Saylor’s upbeat outlook. CryptoQuant CEO Ki Young Ju has warned that Bitcoin might fall below $59,000 by the end of the year due to an overheated futures market. Despite this, traders like the anonymous analyst Ash Crypto remain hopeful. They expect high volatility, but overall, they foresee an upward trend that could take Bitcoin to new all-time highs.

Bitcoin’s journey remains full of excitement. While optimistic voices like Saylor push for a $100,000 target, cautionary warnings from others remind traders to stay grounded. The road ahead is uncertain, but the potential for new highs keeps many investors hopeful.