Michael Saylor Doubts Bitcoin Will Dip Below $60K, Predicts $100K Milestone by 2025

MicroStrategy founder and Bitcoin advocate Michael Saylor has dismissed the possibility of Bitcoin retracing to $60,000, emphasizing his belief that the cryptocurrency will continue to rise.

Speaking on November 14, Saylor expressed confidence that Bitcoin will surpass $100,000 before 2025, adding that he expects this milestone to be reached in late 2024. Some analysts, including Keith Alan of Material Indicators, even suggest that Bitcoin could hit $100,000 by Thanksgiving.

Despite concerns raised by CryptoQuant CEO Ki Young Ju about a potential end-of-year drop below $59,000, the majority of traders remain bullish, predicting continued upward momentum for Bitcoin.

In addition to his price outlook, Saylor discussed the potential resignation of SEC Chair Gary Gensler, an event he believes could lead to more favorable policies for Bitcoin and the broader cryptocurrency industry.

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He stated that a change in leadership could usher in pro-Bitcoin regulations and an end to the ongoing regulatory challenges facing the crypto sector.

Furthermore, Saylor highlighted the U.S. Strategic Bitcoin Reserve Bill, which aims for the U.S. government to accumulate 1 million Bitcoin, predicting that its passage could deliver massive economic benefits—up to $30 trillion over 21 years.

While some, like Galaxy Digital’s Mike Novogratz, remain skeptical about the bill’s chances, Saylor’s bullish stance on Bitcoin’s long-term future remains unshaken.

Alexander Zdravkov