Bitcoin continues to make headlines. While some predict significant fluctuations, Michael Saylor, founder of MicroStrategy and staunch supporter of Bitcoin, remains unwaveringly optimistic about its future. But what is fueling this confidence, and why does he think bitcoin will not see a fall in 2024?
Michael Saylor predicts an irresistible rise in Bitcoin
Michael Saylor is not one to mince words. According to him, Bitcoin will not return to lower price levels such as $60,000 or even $30,000.
On the contrary, he expects the crypto to continue climbing. “I don’t think Bitcoin will hit $60,000 or $30,000 again,” he said in a recent interview with CNBC. “I think we'll go up from here.” »
Saylor even goes so far as to plan a celebration to mark a major milestone. “I’m planning the $100,000 party,” he announced enthusiastically.
“I would be surprised if we don't exceed $100,000 before the end of 2024.” For him, the $100,000 mark is not a simple speculation, but an imminent step in the evolution of Bitcoin.
He attributes this confidence to recent changes in the political landscape. “The victory of certain political leaders has very decisively settled the future of crypto and Bitcoin in the United States,” he said. “I don’t really see any threats in the short term. » For Saylor, the political winds are blowing in favor of Bitcoin, strengthening its position on the global stage.
Factors supporting Saylor's optimistic view
One of the key elements of Michael Saylor's optimism is the proposed Bitcoin Strategic Reserve Bill in the United States.
This bill, if passed, would set a goal for the U.S. government to accumulate one million Bitcoins over five years, or about 5% of the total supply.
Saylor considers this initiative “the biggest deal of the 21st century”. According to him, this could bring trillions of dollars to the American economy. “If we pass this bill as currently written, it will be a $16 trillion benefit to the United States over 21 years,” he declared.
Additionally, Saylor welcomes the prospect of a clearer and more supportive regulatory environment. “We’re going to see a lot more pro-Bitcoin policies,” he predicted. “We're going to see a framework for digital assets, and we're going to see an end to the war on crypto. » He believes that this regulatory development will stimulate the adoption of Bitcoin and encourage institutional investors to enter the dance.
Finally, the growing adoption of Bitcoin by financial institutions strengthens its confidence. With companies like MicroStrategy investing heavily in bitcoin, institutional demand continues to increase. “Every purchase will increase in purchasing power,” said financial analyst Rajat Soni, echoing Saylor’s sentiments. This dynamic could propel bitcoin to new heights, supported by renewed investor confidence.
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