Michael Saylor Predicts Bitcoin Will Hit $100K Amid Trump’s Pro-Crypto Policies

MicroStrategy CEO Michael Saylor is highly optimistic about Bitcoin’s future, predicting that the leading cryptocurrency will surge to $100,000 by the end of 2024. In an interview with CNBC on November 14, Saylor emphasized that the outcome of the 2024 U.S. presidential election—specifically, Donald Trump's pro-crypto policies—could be the key catalyst driving Bitcoin’s next major price jump. He referred to the election as "the biggest thing that’s happened in the past four years for Bitcoin."

Saylor Plans Celebration for Bitcoin’s $100K Milestone

Saylor, a prominent Bitcoin advocate, has already begun planning a “New Year’s Eve” party to celebrate Bitcoin reaching the $100,000 mark. He expressed confidence that the cryptocurrency would continue its upward trajectory, stating, “I think it’s going to go up from here. I would be surprised if we don’t hit $100,000 in November or December.” When asked if there were any risks that could send Bitcoin's price back down to $30,000, Saylor dismissed such concerns, asserting that he believes Bitcoin will not fall below $60,000.

Bitcoin recently reached a new all-time high of over $93,400 following the release of the U.S. Consumer Price Index (CPI) report on November 13. Although Bitcoin has dipped slightly and is currently trading at around $89,083—down 1.7% in the past 24 hours—Saylor remains firmly bullish about its future.

Trump’s Election Victory Boosts Bitcoin Sentiment

Saylor attributed Bitcoin’s recent bull run to the expected impact of President-elect Donald Trump’s policies, which he believes will be favorable for cryptocurrencies. He highlighted that the Republican Party’s growing dominance in Congress, particularly with the pro-crypto stance of many Republican lawmakers, will provide a supportive regulatory environment for digital assets.

“I think this is incredibly bullish for digital assets. We’re going to see more pro-Bitcoin policies, a clearer regulatory framework for digital assets, and an end to the 'war on crypto,'” Saylor explained. He pointed out that Bitcoin reached a record high of $75,000 shortly after Trump’s election victory, signaling that market sentiment has been positively influenced by Trump’s policies.

Beyond Bitcoin, Saylor noted that other cryptocurrencies such as Ethereum (ETH), Solana (SOL), and even meme coins like Cat in a Dog’s World (MEW) and Peanut (PNUT) have also benefited from Bitcoin’s price surge, as the market tends to move in tandem with Bitcoin.

Pro-Crypto Momentum in U.S. Congress

The pro-Bitcoin sentiment is not just limited to Trump’s victory; it also extends to the U.S. Congress. According to Stand With Crypto, 272 pro-crypto candidates were elected to the House of Representatives in the recent U.S. midterms, with the majority of them being Republicans. This growing political support is expected to drive more favorable crypto policies in the coming years, further fueling optimism for the industry.

MicroStrategy’s Bitcoin Strategy

In addition to his predictions for Bitcoin’s price, Saylor also discussed his company’s continued commitment to Bitcoin. On November 11, MicroStrategy announced it had purchased an additional $2.03 billion worth of Bitcoin, bringing its total holdings to 279,420 BTC. This makes MicroStrategy the largest corporate holder of Bitcoin by far, reinforcing Saylor’s bullish outlook on the digital asset.

MicroStrategy’s ongoing Bitcoin purchases have positioned the company as a leader in Bitcoin adoption, with Saylor repeatedly affirming that Bitcoin is the future of money. As the company continues to accumulate more Bitcoin, Saylor’s confidence in the asset’s long-term prospects remains unwavering.

Conclusion

Michael Saylor’s bullish predictions for Bitcoin come at a time of growing optimism in the cryptocurrency market, driven in part by Donald Trump’s pro-crypto stance and the increasing number of pro-crypto lawmakers in the U.S. With Bitcoin approaching all-time highs and MicroStrategy continuing to build its Bitcoin reserves, Saylor’s confidence that Bitcoin will hit $100,000 by the end of 2024 seems to be backed by strong market sentiment and political momentum. Whether or not Bitcoin reaches this milestone remains to be seen, but Saylor’s outlook certainly points to a bright future for the digital asset.