The executive chairman and co-founder of enterprise software firm MicroStrategy, Michael Saylor, believes Bitcoin (BTC) is not yet done rallying.
In a new CNBC interview, Saylor says Bitcoin is heading to a six-figure price over the coming days and weeks.
“I don’t think it’s going to $60,000, it’s not going to $30,000. I think it’s going to go up from here. I’m planning a $100,000 party and I’m thinking it’s probably going to be New Year’s Eve at my house. So I would be surprised if we don’t go through $100,000 in November or December.”
Bitcoin is trading at $91,273 at time of writing.
According to the co-founder of the largest corporate holder of Bitcoin, the election of Donald Trump as the 47th US President will be positive for the crypto industry.
“I think this is incredibly bullish 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 digital assets framework, we’re going to see an end to the war on crypto. We’re going to see a lot of pro-business policies.”
On the possibility of the US adopting Bitcoin as a strategic reserve asset, Saylor says,
“The next great frontier is cyberspace and the obvious thing to do is to own cyberspace, buy the future. And so I think it’s a great idea, I think it will happen. And I think it’s important to the United States because it cements the United States’ control over the future world reserve capital network… I think it’s economically wise, it’s technically wise. And again Bitcoin is manifest destiny for the United States.”
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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