Michael Saylor predicts bitcoin’s collapse to $ 60,000

Сейлор" href="https://noworries.news/biography/majkl-dzh-sejlor/" data-bio-id="3672">Michael Saylor, co-founder of MicroStrategy, has expressed his optimism about the future of bitcoin BTC $96,954.17 Bitcoin -0.61% Market capitalization $1.92 trillion VOL. 24 hours $2.19 billion . He claims that the cryptocurrency will not fall to $ 60,000 and will only grow in value.

According to the expert, bitcoin will reach $ 100,000 by the end of 2024. Thus, the asset has all the conditions for further growth, and small corrections in the near future will not change the overall trend.

«I am planning a party at $ 100,000. I think it will happen before the New Year. I will be surprised if we don’t reach this mark in November or December,» Sailor shared his expectations.

The analyst is convinced that bitcoin will continue to grow, as he sees no threats that could affect its value. He added that changes in the US political climate will contribute to the development of the cryptocurrency industry.

At the time of writing, bitcoin’s price reached $ 91.9214, its market capitalization is $ 1.82 trillion, and daily sales stopped at $ 48.49 billion.

As a reminder, ARK Invest CEO Katie Wood believes that the value of bitcoin could reach $ 650,000 by 2030, even under a conservative scenario for the crypto market. In the optimistic case, the cryptocurrency can exceed $ 1.5 million if most large investment funds integrate BTC into their portfolios.