MicroStrategy’s Michael Saylor reiterated his $150,000 year-end target for Bitcoin, stating that its volatility is decreasing and the industry is maturing.
Michael Saylor, Founder of MicroStrategy, repeated his prediction that Bitcoin (BTC) will reach $150,000 by the end of the year. Despite the recent drop from its latest peak, Saylor remains optimistic, believing that decreased volatility and a clearer market structure will be the underlying reasons for this surge. According to Saylor, Bitcoin’s price could rise to $1 million within the next 4 to 8 years. His long-term forecast is for BTC to reach levels around $20 million, gaining approximately 30 percent annually over the next 20 years.
Saylor, whose company MicroStrategy is the world’s largest publicly traded BTC investor with a Bitcoin treasury exceeding $7.1 billion, stated, “We will continue to buy Bitcoin regardless of the price.”
Saylor described the past 12 months as the best year for the crypto industry, citing developments like the White House’s endorsement of Bitcoin as digital gold. Bitcoin is currently falling following the interest rate decision by the Fed and comments from Chairman Powell yesterday, and is trading at the $108,000 level as of this writing.
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