Bitcoin recently hit a record high of $93,435, sparking interest in the cryptocurrency market. After briefly dipping below $88,000, the exchange rate has now stabilized above $87,000. Ahead is a crucial benchmark - the $90,000 resistance level.
Saylor's Confidence
MicroStrategy founder Michael Saylor does not believe in bearish predictions and claims that Bitcoin will not fall to $60,000. He expressed confidence in further growth during an interview with CNBC, asserting that Bitcoin's price is set to rise, ruling out a drop to $30,000 or $60,000.
Saylor plans to celebrate hitting the $100,000 mark, possibly by New Year's. Optimistic forecasts are also supported by Keith Alan from Material Indicators, who predicts such growth by Thanksgiving.
Politics and Bitcoin
Saylor sees opportunities for Bitcoin's growth due to changes in U.S. policy, especially if Donald Trump returns to office. He believes this will lead to more Bitcoin-friendly policies and an end to the 'war on crypto.' Speculation about potential changes at the SEC under Trump's influence also adds to the optimism in the crypto community.
Strategic Reserves and Risks
Saylor praised the Strategic Bitcoin Reserve Bill, which proposes the U.S. government acquire 1 million Bitcoins, potentially generating trillions of dollars over the next two decades. However, Mike Novogratz from Galaxy Digital is skeptical about the bill's chances.
Meanwhile, CryptoQuant CEO Ki Young Ju warned of a possible Bitcoin drop below $59,000 due to an overheated futures market. Still, traders like Ash Crypto remain hopeful, expecting high volatility but overall forecasting new all-time highs.
Bitcoin's journey remains uncertain but full of potential. Optimistic forecasts like Saylor's push for a $100,000 target, while cautionary warnings remind traders to stay vigilant. Though the future is unpredictable, hopes for new records persist.
