Micro strategy founder claims Bitcoin cannot return $60000: Up Only from now on!

As the price of Bitcoin pushes its historical high to $90000, Michael Saylor, founder of MicroStrategy and Bitcoin supporter, has once again become the focus of the market. He emphasized in an interview with CNBC on November 14th that Bitcoin will not return to a price of $60000 or lower, but will continue to rise.

Trump's victory will promote the development of encryption industry

Michael Saylor said in an interview:

I don't think it will go back to $60000, nor will it go back to $30000. I think it will only go up from now on

Saylor believes that Donald Trump's victory has very clearly determined the future of US cryptocurrency and Bitcoin. He added, 'I don't see any threat in the short term.'. He believed that Trump's victory would bring a more friendly policy environment for digital assets and end the regulatory pressure faced by the cryptocurrency industry in the past few years.

I think this is a great benefit for digital assets and the cryptocurrency industry. We will see more policies supporting Bitcoin, the emergence of a digital asset framework, and an end to the crackdown on cryptocurrencies

In addition, Michael Saylor also predicted that with Trump taking office, Gary Gensler, the current chairman of the Securities and Exchange Commission (SEC), is likely to resign, and the new chairman will have a "critical impact" on the cryptocurrency industry.

How to view the 100000 threshold

Michael Saylor appears confident about the future price trend of Bitcoin. He revealed that he is already preparing a party to celebrate Bitcoin's breakthrough of $100000.

I would be very surprised if we don't break through $100000 in November or December this year

At the same time, Keith Alan, co-founder of the trading resource platform Material Indicators, also supports this view, believing that Bitcoin may reach $100000 around November 28th, which is around Thanksgiving in the United States. Renowned cryptocurrency trader Ash Crypto posted on social media X, stating:

It is expected that there will be more volatility and liquidation in the future, but the overall price trend will remain upward and reach new highs

However, not everyone is so optimistic. CryptoQuant CEO Ki Young Ju warns that Bitcoin may fall below $59000 by the end of the year due to overheated futures markets. He pointed out that the market still needs to face pressure from volatility and potential pullbacks in the short term.

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