Michael Saylor: Bitcoin Will Not Retreat to $60,000, Will Continue to Rise

BlockBeats News, November 15: MicroStrategy founder Michael Saylor stated in an interview with CNBC on November 14: "I don't think Bitcoin will fall to $60,000 or $30,000; I think it will continue to rise from its current price."

He mentioned that Trump's victory "very clearly" determined the future of cryptocurrency and Bitcoin in the United States, adding, "I really don't see any threats in the short term. I am planning a celebration party for Bitcoin reaching the $100,000 target, which might be a New Year's Eve party at my house. So if Bitcoin doesn't break $100,000 in November or December, I would be surprised."

Saylor also commented on speculations about SEC Chairman Gary Gensler resigning after Trump takes office next year, stating that whoever takes over the position will play the "most critical role" in the cryptocurrency industry. (Cointelegraph)