As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen my fair share of bullish predictions and market frenzies. However, when it comes to Michael Saylor’s prediction about Bitcoin hitting $100,000 by year-end, I must admit, I find myself intrigued rather than skeptical.
During a recent chat with CNBC, MicroStrategy’s co-founder Michael Saylor expressed his belief that the value of Bitcoin might climb up to $100,000 before the year ends.
As an analyst, I am confidently stating that I do not anticipate Bitcoin returning to the $30,000 mark. Rather, I believe that the dominant cryptocurrency will experience a significant upward trend in the imminent period.
As the event organizer, I’ve been strategizing for a lavish celebration, and it seems likely that this grand affair will take place on New Year’s Eve at my residence. Given the scale of the party, I won’t be taken aback if we surpass the budget of $100,000 by November or December.
Earlier today, the primary digital currency dropped beneath the $87,000 mark, having previously reached an all-time high of $93,477 on Wednesday, as indicated by data from CoinGecko.
Polymarket bettors currently see only a 36% chance of Bitcoin hitting $100,000 this November.
Based on data from the derivatives market as reported by Bloomberg, the upward trend in Bitcoin appears to be slowing down or potentially leveling off.
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2024-11-15 08:49