30s Summary

MicroStrategy founder Michael Saylor predicts Bitcoin won’t fall to $60,000 or $30,000, but will continue to rise. He anticipates a positive impact on crypto from a Trump presidency, and expects Bitcoin to reach $100,000 before 2025. His views are supported by Material Indicators’ Keith Alan, but disputed by CryptoQuant CEO Ki Young Ju. Saylor looks favorably on the changing guard at the Securities and Exchange Commission and hints at the regulatory potential. He also promotes the US Strategic Bitcoin Reserve Bill, which he dubs the “greatest deal of the 21st Century.” However, Galaxy Digital founder Mike Novogratz questions Trump’s commitment to a Bitcoin strategic reserve.

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Michael Saylor, the guy who started MicroStrategy and is super into Bitcoin, doesn’t think Bitcoin’s price will drop back down to $60,000. Right now, it’s trading around $87,790, but he says, “I don’t think it will go to $60,000 or $30,000, I think it’s just going to keep on increasing.”

He reckons that Donald Trump’s win will have a good impact on the future of crypto, including Bitcoin, in the US, saying he doesn’t see any big troubles coming soon.

He also added he’d be surprised if Bitcoin doesn’t hit $100,000 before 2025. So, he’s planning a big party for when it does, hopefully by New Year’s Eve.

Backing up Saylor’s prediction, Keith Alan, who co-founded Material Indicators, thinks Bitcoin could reach $100,000 as soon as Thanksgiving. But not everyone’s so sure, with CryptoQuant CEO Ki Young Ju warning that Bitcoin might end the year under $59,000 due to an overheated futures market.

A few traders have said, though, that even with some ups and downs, they’re confident Bitcoin’s price will keep rising.

Saylor also spoke about rumors that the head of the Securities and Exchange Commission, Gary Gensler, might step down when Trump takes office next year. He added that whoever takes over the role will play a crucial part in the crypto industry.

In other words, he thinks it’s a good thing for digital assets and the crypto industry. We might see more Bitcoin-friendly policies and an end to the Bitcoin war.

Saylor also mentioned a huge deal about the US Strategic Bitcoin Reserve Bill. This bill, if it becomes law, would make it a goal for the US government to accumulate 1 million Bitcoin, basically 5% of Bitcoin’s total supply, over 5 years. He’s called it the “greatest deal of the 21st Century.”

“If we don’t pass that bill and only hold onto Bitcoin we already have, it’s worth $3 trillion to people,” Saylor said. But if the bill passes, it could mean a $16 trillion benefit for the US over two decades.

However, Mike Novogratz, the guy who started Galaxy Digital, isn’t so sure that Donald Trump will follow through with the promise to set up a Bitcoin strategic reserve while he’s in office.

As usual, remember that investing and trading involve risks, so do your own research before you make a decision.