After the US presidential election, the price of Bit reached 93K at one point. Michael Saylor, the founder of MicroStrategy, was recently interviewed and expressed optimism about the Bit market, revealing a $4.2 billion Bit investment plan in the coming period.
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ToggleBit welcomes a red wave, with multiple positive factors driving the market to rise
Saylor said that the red wave (Republican victory) after the presidential election has had a significant impact on Bit and the overall crypto industry, with institutions on Wall Street such as BlackRock increasingly supporting Bit, which has also boosted market optimism. Saylor also announced in October a plan to raise $4.2 billion to buy all newly mined Bit at a price of $85,000 or more over the next three years.
The regulatory environment is expected to improve, and the appointment of the new SEC chairman is highly anticipated
With the Trump administration taking office, the market generally expects a series of personnel changes at the top of the US Securities and Exchange Commission (SEC), and current chairman Gary Gensler may be asked to step down on the first day of Trump's term. Saylor emphasized that who will become the new SEC chairman will affect the future development of crypto ETFs, exchanges and listed companies (such as MicroStrategy).
He further believes that the Trump administration, with the support of Congress and the White House, will bring out more "business-friendly and Bit-friendly" policies, ending the regulatory war on the crypto market.
(Trump promises at Bit 2024 to fire Gary Gensler and ensure that the US becomes a Bit superpower)
Confident that Bit will break through $100,000, firmly believing that the bull market will continue
Regarding the future price trend of Bit, Saylor said he is confident that Bit will break through $100,000, and has even planned to hold a party at home to celebrate. He believes that the final outcome of the US election has eliminated the uncertainty about Bit's future, and there are currently almost no short-term threats to the market.
Support the US "Bit strategic reserve", to promote economic development
Regarding the question of whether the US government should establish a "Bit strategic reserve", Saylor supports the reserve-related bill proposed by Wyoming Senator Cynthia Lummis to "purchase 1 million Bit and hold it for 20 years". Saylor believes that Bit is the key for the US to control the global capital network, and is a "destiny" for the US.
He further emphasized that as a diversified asset, Bit has economic and technological advantages that can help the US address the $16 trillion debt challenge and thus help the US economy. He also said that more and more positive policies are being introduced to help the crypto industry continue to develop.
