MicroStrategy is predicting BTC will hit $100kby the end of the year.

betswift

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Quote from: Wind_FURY on November 27, 2024, 11:50:11 PM

Quote from: SickDayIn on November 26, 2024, 09:45:53 AM

Agreed it's a very conservative estimate given the action we have seen recently. I believe end of December, early January there will be another massive pump, particularly around the time Donald Trump becomes the president again in the united states.

It's very laughable that currently $100,000 per Bitcoin is a "conservative" estimate, because last and the other cycle there were a handful of people who were "estimating" six digits per Bitcoin and most of the people found that laughable.

Plus with the current price movement, and with more people merely now understanding the possibilities, if you tell them SEVEN digits, they would believe it would be a possibility. Does that mean Bitcoin is going to EIGHT digits?

🤔

We just need to think clearly with metrics from the previous cycles in mind - that's it.
I don't see pumps at all from Trump and his inauguration, instead, we may see a relatively small dump in price or a big correction, and after it, the liquidity will flow towards BTC again to continue the rally and break the ATH.

EarnOnVictor

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Quote from: Finestream on November 21, 2024, 02:19:20 AM

Quote from: https://www.fxstreet.com/cryptocurrencies/news/michael-saylor-predicts-bitcoin-to-surge-to-100k-by-year-end-202411151419

---MicroStrategy Executive Chairman Michael Saylor expects Bitcoin to hit $100,000 by year-end, citing the US election outcome as a major catalyst.
---Bitcoin reached an all-time high above $93,200 on Wednesday, shortly after the US CPI report.
---MicroStrategy said on Monday that it bought an additional $2.03 billion in Bitcoin, increasing its total holdings to 279,420 BTC.

Well, it looks like they’re onto something because Bitcoin has already surged to $97k! That’s just $3k shy of their prediction, and guess what, it’s not even the end of the year yet. Heck, it’s not even the end of the month, with 9 days left before flipping the calendar. After that, we’ve got a whole 31 days to hit or surpass that target.

Bitcoin at $60,000 is not Bitcoin at $95,000, so what do you expect? However, I give them the respect of a reasonable prediction because they are not too lousy about that, despite that it's almost certain now that Bitcoin will hit $100,000, they're not like those who would say it will hit $250,000 next year, they are feasible.

From there, who knows? Bitcoin might edge higher and even $120,000 is becoming more certain than ever, and if Bitcoin can hit $100,000 this year, the first quarter of next year can't be idle without some bullish excitement too. Wink

Wind_FURY

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Quote from: SickDayIn on November 26, 2024, 09:45:53 AM

Agreed it's a very conservative estimate given the action we have seen recently. I believe end of December, early January there will be another massive pump, particularly around the time Donald Trump becomes the president again in the united states.

It's very laughable that currently $100,000 per Bitcoin is a "conservative" estimate, because last and the other cycle there were a handful of people who were "estimating" six digits per Bitcoin and most of the people found that laughable.

Plus with the current price movement, and with more people merely now understanding the possibilities, if you tell them SEVEN digits, they would believe it would be a possibility. Does that mean Bitcoin is going to EIGHT digits?

🤔

SickDayIn

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Agreed it's a very conservative estimate given the action we have seen recently. I believe end of December, early January there will be another massive pump, particularly around the time Donald Trump becomes the president again in the united states.

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Quote from: markleal on November 25, 2024, 09:21:35 AM

The most important part of the MicroStrategy news is that Saylor also discussed broader implications for Bitcoin as a potential strategic reserve asset for the U.S. Thats mean BTC is being valued like the gold. And if that came to light, the $100k price of today will be just a dime for tomorrow.

The number is quite easy for BTC to $ 100K, although today only scored $ 99.6k and even more distances to reach $ 100k, unfortunately BTCD has begun to decline, but it is not difficult to continue this month without emotion waiting for the end year.

I was quite amazed by the Microstrategy, he was really serious about gathering bitcoin before the government bought it as a state foreign exchange or reserves of state assets, but we are still waiting for the council's approval for this matter, it seems to still need a maneuver to support this professor so that it can be accepted by the US government .

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The most important part of the MicroStrategy news is that Saylor also discussed broader implications for Bitcoin as a potential strategic reserve asset for the U.S. Thats mean BTC is being valued like the gold. And if that came to light, the $100k price of today will be just a dime for tomorrow.

Wind_FURY

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Quote from: nelson4lov on November 24, 2024, 05:47:30 PM

Are $100K predictions still a thing anymore? I expected price targets to be a lot higher now that Bitcoin already came close to the 6 digits mark. It was just $500 away from hitting it and I have a feeling we'll see $100K before the new years because right now, all markets are parabolic not just crypto and will continue to do so till the end of the year and probably in 2025 as well.

Although that it may be the "easiest"/no-challenge prediction currently made by MicroStrategy, $100,000 is still a very important price-point for Bitcoin. That's six digits per coin - valuation that merely a few people would say loudly in public.

Quote

$1M target are now looking very realistic and no longer a meme.

Saying that, or giving out the mere suggestion of seven digits per Bitcoin, last cycle would be very laughable for many people.

betswift

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Quote from: Botnake on November 25, 2024, 08:59:35 AM

Bitcoin hasn’t hit $100K yet, and it seems like they got tired of waiting, so they decided to make a move by buying 55,000 Bitcoins... With that kind of effort, I wouldn’t be surprised if we wake up tomorrow and Bitcoin is trading above $100K. For now, I’ll sleep early and let the market work its magic overnight. Cheesy

Quote from: heslo on November 25, 2024, 08:10:40 AM

He's done it again!

The mad lad is really into the game, however, I do think it won't move the price much - just another factor of the rally for BTC being in full swing.
So.. It's great! Hoping for more events like that one to come.
Cool

Botnake

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Bitcoin hasn’t hit $100K yet, and it seems like they got tired of waiting, so they decided to make a move by buying 55,000 Bitcoins... With that kind of effort, I wouldn’t be surprised if we wake up tomorrow and Bitcoin is trading above $100K. For now, I’ll sleep early and let the market work its magic overnight. Cheesy

Quote from: heslo on November 25, 2024, 08:10:40 AM

He's done it again!

fikrett

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Quote from: Cryptmuster on November 25, 2024, 04:24:01 AM

Quote from: Marvell1 on November 25, 2024, 02:40:40 AM

He is not a god nor is he the sole factor driving bitcoin's growth but it is clear that bitcoin's recent growth has something to do with him. It is simply because the market has placed its faith in him that it reacts positively to his victory. Before the election, there were also many predictions that Bitcoin would hit $90k if Trump won and would drop to $30k if Harris won, which clearly showed that the market was placing a lot of faith in Trump. So there is no coincidence here.

You can hate Trump for whatever reason, but you shouldn't deny the real impact this election has had on the markets.

Bitcoin likes to grow on news, it so happened that Trump began to be associated with positive news for Bitcoin, because Trump talked a lot about how loyal he is to Bitcoin and will not interfere with its development. After his victory, this was perceived as a big positive for Bitcoin and there were purchases and price growth, and even those who bought after the elections have already received a good profit, so everything worked out.

What should move Bitcoin further, I don’t know, perhaps its adoption by the strategic reserve, maybe something else, but I don’t expect Bitcoin to grow very significantly, I was even surprised that the price came so close to 100k in November, I didn’t expect that.

Garry moving out would too help things a bit, albeit, we don't know yet who would change him.
Don't expect the rally to stop at 100k, even if there would be a drop off a bit afterward, the ride would still continue, in my opinion.

betswift

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Quote from: Marvell1 on November 25, 2024, 02:40:40 AM

Quote from: fruktik on November 23, 2024, 03:06:18 AM

Quote from: michellee on November 22, 2024, 05:57:16 AM

It is a surprise to us to see that Bitcoin can almost hit hit almost $100k. Although the price now down, that will not stops Bitcoin to increase but we must be patient waiting for that. We still have more time to buy Bitcoin and hold especially if our target selling price is far away. And when the price can hit $100,000, that will be monumental moment for us because finally, we can see that price which we never imagine before. Many people will celebrate this and maybe they will sell at that price but for other people who still waiting for more than $100,000 will wait until that price comes. We can say that what happen to Bitcoin can be related to Trump but we don't know for sure and it is better we enjoy this moment.

For what reason is the rise in Bitcoin price associated with Trump? He is not God. It is possible that this is just a coincidence and we will all see a period of recession for a long period of time. You do not think that some large investors will not sell coins? Yes, they will do it and in the near future, then we will see a huge drop in price and the trend will be remembered as inter-seasonal. I have been trading on the speculative market for a long time and can observe the trends.

He is not a god nor is he the sole factor driving bitcoin's growth but it is clear that bitcoin's recent growth has something to do with him. It is simply because the market has placed its faith in him that it reacts positively to his victory. Before the election, there were also many predictions that Bitcoin would hit $90k if Trump won and would drop to $30k if Harris won, which clearly showed that the market was placing a lot of faith in Trump. So there is no coincidence here.

You can hate Trump for whatever reason, but you shouldn't deny the real impact this election has had on the markets.

Either way, the rally would start - albeit at a different time, probably.
Trump was just that lever that pushed the market forward.
Nothing bad or good here, we need just to accept it.

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by the end of the year the bitcoin graphic should look like this https://support-system.nivor.free.hr/uploads/Capture_12112024.png
i hope this guy is right

Cryptmuster

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Quote from: Marvell1 on November 25, 2024, 02:40:40 AM

He is not a god nor is he the sole factor driving bitcoin's growth but it is clear that bitcoin's recent growth has something to do with him. It is simply because the market has placed its faith in him that it reacts positively to his victory. Before the election, there were also many predictions that Bitcoin would hit $90k if Trump won and would drop to $30k if Harris won, which clearly showed that the market was placing a lot of faith in Trump. So there is no coincidence here.

You can hate Trump for whatever reason, but you shouldn't deny the real impact this election has had on the markets.

Bitcoin likes to grow on news, it so happened that Trump began to be associated with positive news for Bitcoin, because Trump talked a lot about how loyal he is to Bitcoin and will not interfere with its development. After his victory, this was perceived as a big positive for Bitcoin and there were purchases and price growth, and even those who bought after the elections have already received a good profit, so everything worked out.

What should move Bitcoin further, I don’t know, perhaps its adoption by the strategic reserve, maybe something else, but I don’t expect Bitcoin to grow very significantly, I was even surprised that the price came so close to 100k in November, I didn’t expect that.

Marvell1

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Quote from: fruktik on November 23, 2024, 03:06:18 AM

Quote from: michellee on November 22, 2024, 05:57:16 AM

It is a surprise to us to see that Bitcoin can almost hit hit almost $100k. Although the price now down, that will not stops Bitcoin to increase but we must be patient waiting for that. We still have more time to buy Bitcoin and hold especially if our target selling price is far away. And when the price can hit $100,000, that will be monumental moment for us because finally, we can see that price which we never imagine before. Many people will celebrate this and maybe they will sell at that price but for other people who still waiting for more than $100,000 will wait until that price comes. We can say that what happen to Bitcoin can be related to Trump but we don't know for sure and it is better we enjoy this moment.

For what reason is the rise in Bitcoin price associated with Trump? He is not God. It is possible that this is just a coincidence and we will all see a period of recession for a long period of time. You do not think that some large investors will not sell coins? Yes, they will do it and in the near future, then we will see a huge drop in price and the trend will be remembered as inter-seasonal. I have been trading on the speculative market for a long time and can observe the trends.

He is not a god nor is he the sole factor driving bitcoin's growth but it is clear that bitcoin's recent growth has something to do with him. It is simply because the market has placed its faith in him that it reacts positively to his victory. Before the election, there were also many predictions that Bitcoin would hit $90k if Trump won and would drop to $30k if Harris won, which clearly showed that the market was placing a lot of faith in Trump. So there is no coincidence here.

You can hate Trump for whatever reason, but you shouldn't deny the real impact this election has had on the markets.

betswift

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Quote from: Finestream on November 25, 2024, 02:00:03 AM

Quote from: aoluain on November 24, 2024, 06:20:58 PM

cant be calling for $1,000,000 after reaching $100k?

Honestly, I like the optimism, but I think that target is a bit too far ahead for now. Let’s take it slow. As long as the market stays bullish and adoption keeps growing, we’ll eventually get there. Right now, Bitcoin hasn’t even hit $100K yet, but the good news is MicroStrategy is planning to scoop up billions worth of Bitcoin again. They’re still accumulating, and that’s a solid boost for confidence in the market.

We can say about $150k or so, but as the correction comes into play, people will start thinking that the rally is over.
I do think that afterward if the whole mood and news will stay intact flowing into the space, we will see one more jump to a new ATH.
With BTC, it's never too late to consider coming in and seeing it grow.

Finestream

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Quote from: aoluain on November 24, 2024, 06:20:58 PM

cant be calling for $1,000,000 after reaching $100k?

Honestly, I like the optimism, but I think that target is a bit too far ahead for now. Let’s take it slow. As long as the market stays bullish and adoption keeps growing, we’ll eventually get there. Right now, Bitcoin hasn’t even hit $100K yet, but the good news is MicroStrategy is planning to scoop up billions worth of Bitcoin again. They’re still accumulating, and that’s a solid boost for confidence in the market.

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Quote from: nelson4lov on November 24, 2024, 05:47:30 PM

Are $100K predictions still a thing anymore? I expected price targets to be a lot higher now that Bitcoin already came close to the 6 digits mark. It was just $500 away from hitting it and I have a feeling we'll see $100K before the new years because right now, all markets are parabolic not just crypto and will continue to do so till the end of the year and probably in 2025 as well. $1M target are now looking very realistic and no longer a meme.

Yes the market went over $99k so it looks like an easy prediction by Saylor TBH.
There is every chance we will see $100k before the end of the year.

I think because the market just fell short there is still a calling for $100k, its such a
milestone but after we reach that whats the new target $150k, $250k? surely we
cant be calling for $1,000,000 after reaching $100k?

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That's such a clichè prediction but really BTC is not that far this time.

I think the whales are high on liquidating positions these days and surely there's big money to be made keeping prices where they are.
Will it come crashing down? Who knows. But surely 100k is a bit psychological limit. It will be supper funny if it's NOT reached while we're just inches away. Surely though if many people bet against it on futures probably it IS going to be resched just so whales can get a bit more.of our coin in their purse. Cheesy

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Are $100K predictions still a thing anymore? I expected price targets to be a lot higher now that Bitcoin already came close to the 6 digits mark. It was just $500 away from hitting it and I have a feeling we'll see $100K before the new years because right now, all markets are parabolic not just crypto and will continue to do so till the end of the year and probably in 2025 as well. $1M target are now looking very realistic and no longer a meme.

Smartprofit

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In 2017, the Bitcoin price easily broke through the $10,000 level (but it took a long time to break through the $5,000 level).

In November 2024, we still haven't broken through the $100,000 level (although the price was above $99,000). Now the price of the first cryptocurrency is falling rapidly. However, if the Bitcoin price fails to break through the $95,000 level, then growth may resume.

I believe that in 2024 we will still see the price - 1 Bitcoin equals $100,000.

Topic: MicroStrategy is predicting BTC will hit $100kby the end of the year. (Read 627 times)