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Sujit Kumar
Nov 15, 2024
by Sujit Kumar

Michael Saylor Predicts Bitcoin Could Hit $100K by Year-End

Michael Saylor Predicts Bitcoin

Table of contents

  1. Bitcoin’s Current Market Performance
    1. A Bullish Outlook Amid Market Uncertainty
MicroStrategy co-founder Michael Saylor has made a bold prediction: Bitcoin could hit $100,000 by the end of 2024. In a recent CNBC interview, Saylor expressed his confidence in the cryptocurrency's upward trajectory, dismissing the likelihood of it revisiting the $30,000 level.

"I'm planning the $100,000 party, and I'm thinking that it's probably going to be New Year's Eve at my house," Saylor quipped. "So, I will be surprised if we don't go through $100,000 in November or December."

Bitcoin’s Current Market Performance

Bitcoin recently dipped below $87,000 on Friday after hitting a record high of $93,477 earlier in the week, according to CoinGecko. While the rally has fueled optimism, Polymarket bettors currently place a 36% probability on Bitcoin crossing the $100,000 mark this November.

Bloomberg analysts suggest the Bitcoin rally is showing signs of cooling, citing recent data from the derivatives market. This slowdown has raised questions about whether BTC can sustain its upward momentum through the year-end.

A Bullish Outlook Amid Market Uncertainty

Despite these cautious signals, Saylor remains undeterred, seeing the ongoing market trends as a stepping stone to Bitcoin’s ambitious price target. His optimistic stance aligns with the broader institutional interest in Bitcoin as a reliable store of value and hedge against inflation.

As the year progresses, all eyes will be on Bitcoin to see if it can surpass its historical highs and reach the milestone Saylor envisions. Whether it’s a party at Saylor’s house or a market cooldown, 2024 is shaping up to be a pivotal year for cryptocurrency.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Michael Saylor Predicts Bitcoin $100K
Michael Saylor Predicts Bitcoin Could Hit $100K by Year-End
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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