Michael Saylor Predicts Bitcoin Surge to $100,000 by Year-End

According to U.Today, MicroStrategy co-founder Michael Saylor has expressed optimism about Bitcoin's future, predicting that its price could reach $100,000 by the end of this year. In a recent interview with CNBC, Saylor stated that he does not expect Bitcoin to revisit the $30,000 level. Instead, he anticipates a significant surge in the cryptocurrency's value in the near future. Saylor mentioned his plans for a $100,000 celebration, potentially on New Year's Eve, and expressed surprise if Bitcoin does not surpass this milestone by November or December. Despite Saylor's bullish outlook, the leading cryptocurrency recently dipped below $87,000 after hitting a lifetime high of $93,477 earlier in the week, as reported by CoinGecko. Meanwhile, Polymarket bettors currently estimate only a 36% chance of Bitcoin reaching $100,000 this November. Bloomberg has also noted signs of the ongoing Bitcoin rally cooling down, based on recent derivatives market data. During the interview, Saylor also discussed the potential for the United States to establish a Bitcoin reserve, describing it as a "great idea" and predicting that it will eventually happen. This idea contrasts with the views of Mike Novogratz, who previously stated that a US Bitcoin reserve is unlikely. However, Novogratz acknowledged that if such a reserve were to be implemented, it could propel Bitcoin's value to as high as $500,000.