As the Bit price pushes the historical high to $90,000, MicroStrategy founder and Bit supporter Michael Saylor is once again in the spotlight. In an interview with CNBC on November 14, he emphasized that Bit will not return to $60,000 or lower, but will continue to rise.
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ToggleTrump's victory will drive the development of the crypto industry
Michael Saylor said in the interview:
"I don't think it will go back to $60,000, nor will it go back to $30,000. I think it will only go up from here."
Saylor believes that Donald Trump's victory clearly determined the future of US cryptocurrency and Bit. He added: "I don't see any threats in the short term." He believes that Trump's victory will bring a more friendly policy environment for digital assets and end the regulatory pressure the cryptocurrency industry has faced in recent years.
"I think this is a huge positive for digital assets, and very beneficial to the cryptocurrency industry. We will see more Bit-friendly policies, the emergence of a digital asset framework, and an end to the crackdown on cryptocurrencies."
In addition, Michael Saylor also predicted that with Trump taking office, the current Securities and Exchange Commission (SEC) chairman Gary Gensler is likely to resign, and the new chairman will have a "critical impact" on the cryptocurrency industry.
How to view the 100,000 mark
Michael Saylor seems very confident about the future price trend of Bit. He revealed that he is already preparing for a party to celebrate Bit breaking through $100,000.
"If we don't break through $100,000 by November or December this year, I will be very surprised."
At the same time, Keith Alan, co-founder of the trading resource platform Material Indicators, also supports this view, believing that Bit may reach $100,000 around November 28, the US Thanksgiving Day. And the well-known cryptocurrency trader Ash Crypto posted on social media X:
"More volatility and liquidation are expected in the future, but the overall price trend will remain upward and set new highs."
However, not everyone is so optimistic. CryptoQuant CEO Ki Young Ju warned that Bit may fall below $59,000 by the end of the year due to the overheating of the futures market. He pointed out that the market still faces volatility and potential corrections in the short term.
