Micro Strategy founder Michael Saylor said in an interview with CNBC last week that: "Bitcoin will not retreat to $60,000, let alone $30,000, I think it will start to rise from now on." He also said he plans to hold a party to celebrate Bitcoin breaking $100,000 on New Year's Eve.
Saylor Launches Poll
Today, Saylor launched a poll on X asking "Will Bitcoin break $100,000 by New Year's Eve?" In less than 8 hours, 61,938 people participated, with nearly 85.3% voting in favor, a overwhelming bullish sentiment on Bitcoin's future. As of the time of writing, Bitcoin is temporarily trading at $90,536, just 10.45% away from $100,000.
However, as a staunch Bitcoin believer, Saylor's followers may share similar beliefs, so the poll results could be somewhat biased.
Will #Bitcoin Break $100K by New Year's Eve?
— Michael Saylor
(@saylor) November 17, 2024
Polymarket Sees 37% Chance of Breakout
On the other hand, Polymarket, which accurately predicted Trump's election, latest data shows that the market is betting only a 37% chance of Bitcoin reaching $100,000 by November, down significantly from the 63% high on November 14, a 24% drop, suggesting a cooling of market sentiment.
Saylor Hints at Further Accumulation
On the other hand, Saylor hinted again early this morning that Micro Strategy will increase its Bitcoin holdings. He posted: "I think saylortracker.com needs even more green dots."
"saylortracker.com" is a website that tracks Micro Strategy's Bitcoin purchase activities, with green dots representing the company's new Bitcoin purchase records. Therefore, Saylor's statement that "it needs even more green dots" is undoubtedly hinting that Micro Strategy should continue to increase its Bitcoin holdings.
On November 10, Saylor used similar wording to hint that Micro Strategy would increase its Bitcoin holdings, and the next day he revealed that the company had purchased an additional 27,200 Bitcoins for about $203 million between October 31 and November 10, at an average price of $74,463. Now that Saylor is hinting at accumulation again, it remains to be seen whether the company will make another purchase in such a short period of time.
According to the latest statistics from bitcointreasuries, Micro Strategy currently holds 279,420 Bitcoins, with a holding value of $252.89 billion, and a total cost basis of $119.29 billion, at an average purchase price of around $42,588 per Bitcoin, resulting in an unrealized profit of $133.6 billion.
I think https://t.co/meaZhpFNq9 needs even more green dots. pic.twitter.com/Rs5hgrnbAm
— Michael Saylor
