Finst

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

<img width="800" height="450" src="https://cdn.finst.com/marketing/news/en/acd-news/michael-saylor-on-bitcoin-exchange-rate-i-plan-the-100-000-party.png" alt="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. 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.

Disclaimer: This content is for informational purposes only and does not constitute financial, investment, legal, or tax advice. The information provided may be incomplete, inaccurate, or outdated and should not be relied upon as such. Nothing on this website should be considered a recommendation to buy, sell, or hold any cryptocurrency. Investing in crypto-assets involves risk of loss.