MicroStrategy founder and chairman, Michael Saylor, recently hinted at plans for a celebration if Bitcoin reaches the $100,000 mark. This aligns with his ongoing optimism about the asset's long-term prospects.
On November 13th, Bitcoin achieved a new all-time high, reaching over $93,000. This rally saw an 8% jump in a single day, bringing its weekly gain to 20%.
The surge follows brokerage firm Bernstein's earlier prediction that Bitcoin could hit $90,000 if Donald Trump won re-election. The asset has risen over 31% since Trump's victory on November 5th.
Currently, Bitcoin is within 9.7% of the six-figure milestone, and anticipation is growing among market participants. Saylor, a long-time advocate, remains confident about Bitcoin’s potential.
Plans for a $100,000 Bitcoin Party
Saylor posted on X, suggesting plans for a Bitcoin party if the cryptocurrency reaches $100,000.
Planning the #Bitcoin 100K Party
— Michael Saylor⚡️ (@saylor) November 13, 2024
This statement reflects his belief in Bitcoin's continued growth. As someone who has often argued that Bitcoin is undervalued, Saylor has forecasted substantial price increases over the years.
He has previously suggested that Bitcoin could capture a significant portion of global wealth, even projecting a potential value of $13 million per coin by 2045.
His recent post indicates readiness to mark the six-figure milestone, which he has been anticipating for some time.
Industry Speculations on Bitcoin’s Near-Term Performance
The post from Saylor attracted responses from key figures in the industry. Samson Mow, CEO of JAN3, suggested that Bitcoin might reach $100,000 as soon as next week.
He humorously mentioned that, despite wanting to join Saylor's party, he might be too busy to attend, adding that the milestone is imminent.
Wish I could come but I’m busy next week.
— Samson Mow (@Excellion) November 13, 2024
Peter Schiff, known for his skepticism toward Bitcoin, also weighed in. In an unexpected interaction, Schiff humorously asked if he would be invited to the celebration.
Am I invited?
— Peter Schiff (@PeterSchiff) November 13, 2024
This drew a mixed response from the community, with some users referencing Schiff's earlier statements doubting Bitcoin’s potential to ever reach six figures. Others saw the exchange as an opportunity to challenge his long-standing critical stance.
The discussions reflect the ongoing debate surrounding Bitcoin’s future, as it edges closer to a potential $100,000 price.