Michael Saylor Is Planning A Bitcoin $100K Party At His House, Expects End Of War On Crypto Under Trump
Michael Saylor, CEO of MicroStrategy Inc. (NASDAQ:MSTR), recently shared his optimistic outlook on the future of Bitcoin following the recent Republican victory under Donald Trump’s leadership. In an interview with CNBC, Saylor expressed his belief that the “red wave” has been a significant bullish catalyst for Bitcoin and the wider cryptocurrency industry.
Saylor predicted a more favorable regulatory environment for Bitcoin moving forward, anticipating a more pro-cryptocurrency stance from the SEC, fueled by rumors of Chair Gary Gensler potentially stepping down. He confidently stated, “It’s very good for the cryptocurrency industry. We’re going to see a lot more pro-Bitcoin policies. We are going to see a digital assets framework. We are going to see an end to the war on crypto.”
With the uncertainty of the election behind us, Saylor dismissed any potential major bearish events on the horizon for Bitcoin. In fact, he is already planning a celebratory $100,000 party at his house, expecting Bitcoin to reach this milestone by November or December.
Saylor’s bullish sentiment aligns with the recent success of MicroStrategy’s publicly-traded stock, which hit a record high earlier this week. This surge in stock price has propelled the company’s market valuation to $72.26 billion, marking a staggering $50 billion increase since September 6. This growth has even surpassed the total market capitalization of companies like Ford Motor Co. and Cognizant Technology Solutions Corp.
As Bitcoin’s largest corporate holder, MicroStrategy currently holds unrealized profits exceeding $12.7 billion, according to data from bitcointreasuries.net. This significant value appreciation underscores the growing prominence of Bitcoin and the positive outlook for the cryptocurrency industry.
In conclusion, Saylor’s optimistic outlook on the future of Bitcoin and the broader cryptocurrency market, coupled with the company’s impressive financial performance, paints a promising picture for investors looking to capitalize on the digital asset revolution. Stay tuned for more updates and insights on finance, investing, and the latest trends in the cryptocurrency space only at Extreme Investor Network.