MicroStrategy founder Michael Saylor has ruled out a correction to $60,000 for Bitcoin — a price that is critical for much of 2024.
“I don’t think it’s going to go to $60,000, I don’t think it’s going to go to $30,000, I think it’s going to continue to rise from where it is now,” he said in a CNBC interview on Nov. 14. He said Trump’s victory “very clearly” determines the future of cryptocurrencies and Bitcoin in the United States, adding: “I really don’t see any threats in the short term.” Saylor said: “I’m planning a celebration party for Bitcoin reaching the $100,000 target, I think it might be a New Year’s Eve party at my house, so I’d be surprised if Bitcoin doesn’t break $100,000 in November or December.” Saylor also commented on speculation that U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler might resign after Trump takes office next year, saying that whoever takes over the position will play the “most critical role” in the cryptocurrency industry. (Cointelegraph)