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Michael Saylor on Bitcoin exchange rate: "I'm planning the 100,000-dollar party"

Risks to the BTC exchange rate? According to Michael Saylor, there are none at the moment.

By Finst News
• 3 min read
Michael Saylor on Bitcoin exchange rate: Im planning the 100,000-dollar party

Risks to the BTC exchange rate? According to Michael Saylor, there are none at the moment. The founder of MicroStrategy is already throwing a Bitcoin party.

According to permabull Michael Saylor, Bitcoin will not fall back to $60,000 this year. He stated this in a interview with CNBC. Asked about the biggest risks to the Bitcoin exchange rate, Saylor said, "I don't think Bitcoin will drop again to $60,000 or even $30,000." According to him, after the US elections, there are no more risks.

Rather, the founder of MicroStrategy is preparing for the opposite. "I plan the party for $100,000," he reveals. Saylor would be surprised if Bitcoin does not reach this goal before 2025. At the time of writing, Bitcoin's all-time high stands at $93,495, according to data from Coinbase. After a price correction, BTC is now trading around $88,000, meaning there is still about $12,000 to go until the $100,000 goal.

That Michael Saylor is optimistic about the exchange rate is no surprise. After all, his company owns nearly 280,000 BTC. And that's not all: over the next three years, MicroStrategy plans to buy about $42 billion worth of Bitcoin. In the future, Saylor wants to turn MicroStrategy into a Bitcoin bank. The company is looking for a manager who can create new initiatives to further drive Bitcoin adoption. Not only is Bitcoin growing, MicroStrategy's stock (MSTR) has also experienced a share price increase.

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