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Saylor: Bitcoin to Reach $100K by 2024 End, Trump's Win Boosts Growth

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by Giorgi Kostiuk

8 months ago

Michael Saylor, CEO of MicroStrategy, voiced confidence in Bitcoin reaching $100,000 by the end of 2024, linking it to Donald Trump's election victory.

Saylor's $100,000 Bitcoin Prediction

In a recent interview, Michael Saylor expressed confidence that Bitcoin's value will reach $100,000 by the end of 2024. He emphasized that he is already planning to celebrate this event, possibly on New Year's Eve.

I believe Bitcoin will continue to rise from here. I’m already planning the $100,000 party, likely to be on New Year’s Eve at my house. I’d be surprised if we don’t hit $100,000 in November or DecemberMichael Saylor

New ATH and the Impact of Presidential Elections

Bitcoin recently reached a new all-time high of $93,400 following the release of the US CPI report. Currently, the price of one coin stands at $89,753.71, reflecting a 1.8% decline in the last 24 hours. Michael Saylor attributes Bitcoin's recent bull run to Donald Trump's election victory and the Republican Party's control over Congress.

This is the biggest thing for Bitcoin in the last four yearsMichael Saylor

MicroStrategy's Investment in Bitcoin

Michael Saylor also disclosed that MicroStrategy invested an additional $2 billion to acquire 27,200 BTC at an average price of $74,463 per coin. This increases the company's total Bitcoin holdings to 279,420 BTC. MicroStrategy has spent nearly $12 billion on Bitcoin purchases and plans to raise another $42 billion to expand its reserves.

Michael Saylor's predictions regarding the future value of Bitcoin and the impact of political events continue to capture the attention of the financial community and investors.

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