Michael Saylor’s $100K Bitcoin Party

Bitcoin evangelist Michael Saylor is gearing up to celebrate as he predicts Bitcoin will hit $100,000 by the end of the year. The MicroStrategy founder and staunch Bitcoin advocate shared his optimism in a CNBC interview, tying the recent price surge to the election of crypto-friendly President-elect Donald Trump.

Bitcoin currently trades at $88,360 after reaching a record $93,477 earlier this week, nearly $20,000 above its previous all-time high. Saylor confidently stated, “I’m planning the $100K party, and it’s probably going to be New Year’s Eve at my house.”

Trump’s Win Fuels Bitcoin Hopes

The crypto market soared after Trump’s victory, which many believe signals a pro-crypto administration ahead. Trump’s campaign promises included easing regulations and firing SEC Chair Gary Gensler, a figure criticized for his harsh stance against digital assets.

According to Saylor, “The election of Trump is incredibly auspicious for Bitcoin. The crypto industry can expect fewer hurdles and a surge in adoption.”

MicroStrategy’s Big Bitcoin Bet

Saylor’s company, MicroStrategy, remains one of the largest corporate holders of Bitcoin, with 279,420 BTC in its treasury. With Bitcoin approaching $100,000, the company’s holdings are valued at over $25 billion, a figure that could rise to $28 billion if the milestone is reached.

Since 2020, MicroStrategy has invested heavily in Bitcoin, funding its purchases through debt. The firm plans to raise an additional $42 billion over the next three years to expand its holdings further, positioning itself as a Bitcoin proxy for traditional investors.

The $100K Party

When asked if Bitcoin could see a downturn, Saylor dismissed the idea. “I’d be surprised if we don’t go through $100K in November or December,” he said, emphasizing his belief in Bitcoin as a long-term asset.

With a potential New Year’s Eve party marking the $100,000 milestone, Saylor is more bullish than ever, showing unwavering faith in Bitcoin’s trajectory.