Famous Bitcoin supporter and bull Michael Saylor made important statements.
Speaking to CNBC, Michael Saylor said that it is unlikely that Bitcoin will return to $60,000.
MicroStrategy founder Michael Saylor argued in a CNBC interview that Bitcoin is unlikely to fall back to $60,000, a critical price level for much of 2024.
Saylor, who attributed this prediction to Trump's victory, said that Trump's victory solidified the future of cryptocurrency and Bitcoin in the United States.
“Donald Trump's victory has firmly sealed the future of crypto and Bitcoin in the US. So I don't see any threat to BTC in the near term.”
Saylor, who stated that Bitcoin could reach $100,000 before 2025, said, “I'm planning the $100,000 party. I'd be surprised if we don't see $100,000 in November or December.”
SEC Chairman Change Ends Crypto War!
Saylor also addressed speculation that Securities and Exchange Commission (SEC) Chairman Gary Gensler will resign when Trump takes office next year, saying that whoever takes over will have the most important role in the cryptocurrency industry, without making any positive or negative comments.
“I think the change of SEC Chairman is incredibly optimistic for digital assets.
It's very good for the crypto industry, we're going to see a lot more pro-Bitcoin policies, we're going to see a lot more digital assets frameworks.
We will see the end of the war on crypto.”
The US Should Create a Strategic Bitcoin Reserve!
The famous bull Saylor recently argued that it is very important for the US to create a strategic Bitcoin reserve. On this point, Saylor said that if the US creates a strategic reserve and accumulates one million BTC in the next five years, it will help reduce its national debt by a staggering $16 trillion.
According to Saylor, if Senator Cynthia Lummis’ bill passes in its current form, the US could benefit $16 trillion in its national debt by purchasing one million Bitcoins.
“The best way to save the dollar is to pay off your debt and get rich.
The next best way to preserve dollars, if anyone is considering any other capital asset besides Treasury bonds, is to own them.
The name of this asset is Bitcoin.”
*This is not investment advice.