MicroStrategy’s Michael Saylor to host New Year’s Eve party if bitcoin hits $100,000
11/16/2024 04:05The bitcoin maximalist is bullish on the cryptocurrency in the aftermath of Trump's successful White House bid.
Prominent bitcoin maximalist Michael Saylor is pledging to host a lavish New Year’s Eve soirée if bitcoin continues its upward trajectory and hits $100,000 later this year.
“I’m planning the $100,000 party, and I’m thinking it’s probably going to be New Year’s Eve at my house,” he said on CNBC on Thursday. “I would be surprised if we don’t go through $100,000 in November or December,” he added, highlighting his ongoing optimism about the world’s leading digital currency.
Saylor also commented on the impact of Donald Trump's presidency, noting that the real-estate-mogul-turned-politician proved “incredibly auspicious for bitcoin.” Trump’s re-election has propelled the price of bitcoin to new heights, enabling it to reach more than $93,000 earlier this week. “The red wave is probably the biggest thing that’s happened in the past four years for bitcoin,” Saylor said.
Bitcoin is currently trading above $90,000 on Friday afternoon, with some market analysts anticipating it might skyrocket to $100,000 in the next few weeks.
“I think this is incredibly bullish for digital assets,” Saylor said. “It’s very good for the crypto industry. We’re gonna see a lot more pro-bitcoin policies. We’re gonna see a digital assets framework. We’re gonna see an end to the war on crypto.”
Saylor’s firm, MicroStrategy, has steadily scooped up nearly $25 billion worth of bitcoin (279,420 bitcoin), making it the largest corporate holder of the cryptocurrency. Investors often treat MicroStrategy as a proxy for bitcoin, or a vehicle to gain exposure without directly buying bitcoin. The company has also made bitcoin acquisition a fundamental part of its investment strategy, and over the next three years, it plans to raise another $42 billion to expand its holdings.