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

fruktik

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Quote from: michellee on Today at 04:13:48 AM

I guess we will see $100,000 very soon as the new ATH already passed at $97,837 according to CoinGecko. While we are still at November, we may see $100,000 in end of this month or next month before the end of this year. But, again, everything can happen to Bitcoin as we know that Bitcoin can sustain in this level price for some time before the price start to runs to the next ATH level.

This Bitcoin journey becomes more interesting as many predictions will comes out from different people. It seems we will something from Bitcoin that we never see it before where that can give a chance for the adoption process reach more people. Yep, let's enjoy the ride and see what will happen soon while you can prepare your Bitcoin to sell at the price you want.

There is an assumption that the $100k level will be reached this month. The price is already approaching this mark. There is very little time left and we will all fix the historical date and price. Of course, I did not expect that this would happen this year, but the circumstances speak for themselves. Yes, most likely, this is all connected with Trump. I do not see any other options.

shield132

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Quote from: OcTradism on Today at 02:36:57 AM

$100,000 is a round number and it is like $10,000 in the past, it will be very strong resistance and barrier for Bitcoin to break. There are many possibilities for Bitcoin to break it.

Yes, it's a round number but Bitcoin is so bullish that I think we won't even feel the resistance at $100,000. I believe we will surpass $100,000 today.

Quote from: apogio on Today at 02:42:48 AM

The price does matter only if you plan to exchange the BTC back to FIAT.
If not, then Bitcoin has the exact same value that it used to have at $15k.

It's nice to see someone who thinks like me about the price of Bitcoin. For me, it doesn't matter much because I mostly use Bitcoin as a form of payment. I also invest in Bitcoin but for me, the price isn't as important as the ability to use Bitcoin for making transactions.

Quote from: mindrust on Today at 02:47:58 AM

Isn’t it already at $100k at the moment? To me, it is. I am pretty sure btc sells for more than $100k in some parts of the world or on some exchanges.

Maybe in Korea? I remember that their prices were something significantly different from the rest of the world. Btw I think that Bitcoin will be sold for $100k on some instant exchanges and casinos that use 3rd party APIs.

Quote from: mindrust on Today at 02:47:58 AM

He is borrowing money and selling microstrategy stocks to buy more bitcoin and when bitcoin goes up, it enables them to borrow more and buy even more btc. If this brilliant strategy works for another year, bitcoin will even hit a million dollar price tag.

Buckle up.

Captain Saylor is taking us to the Mars before Elon.

That's what he does. He bought Bitcoins recently and for me, this is an indicator that MicroStrategy thinks that Bitcoin's price is going way higher than $100,000. For me and for many people, MicroStrategy's trading habit is a very good indicator of the future price of Bitcoin.

Apocollapse

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I agree with above users, even though Bitcoin haven't reach $100K, but we already reach $97K which is not much from $100K and we've the feeling of Bitcoin price hit $100K.

I didn't expect Bitcoin will reach $100K in this month, however this is a good thing, it means we will see higher price than $100K in the end of the year and Q4 in 2025. Q4 2025 will be the peak of Bitcoin price.

Anyway are retailers still sleeping? Bitcoin fees is still cheap enough, only 6sat/vybte.

michellee

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I guess we will see $100,000 very soon as the new ATH already passed at $97,837 according to CoinGecko. While we are still at November, we may see $100,000 in end of this month or next month before the end of this year. But, again, everything can happen to Bitcoin as we know that Bitcoin can sustain in this level price for some time before the price start to runs to the next ATH level.

This Bitcoin journey becomes more interesting as many predictions will comes out from different people. It seems we will something from Bitcoin that we never see it before where that can give a chance for the adoption process reach more people. Yep, let's enjoy the ride and see what will happen soon while you can prepare your Bitcoin to sell at the price you want.

ChiBitCTy

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Quote from: mindrust on Today at 02:47:58 AM

Isn’t it already at $100k at the moment? To me, it is. I am pretty sure btc sells for more than $100k in some parts of the world or on some exchanges. Michael didn’t have to make this prediction anyway. We all know he is the one who drives the prices up. He is borrowing money and selling microstrategy stocks to buy more bitcoin and when bitcoin goes up, it enables them to borrow more and buy even more btc. If this brilliant strategy works for another year, bitcoin will even hit a million dollar price tag.

Buckle up.

Captain Saylor is taking us to the Mars before Elon.

I highly doubt any parts of the world anyone is paying 100k for btc right now. If they have the means to purchase 1 btc for 97k, they have the means to purchase it at "spot" price.

Michael drives bitcoin to come extent but he's is not the one driving prices up..there are many others helping. Blackrock, for example, the worlds number 1 fund company in terms of assets is a major driving force. Lots of other billionaires having been joining in, both openly and privately. But sure Michael is a leading driving catalyst.

Dave1

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Quote from: Finestream on Today at 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.

Honestly, their prediction seems conservative at this point. With the momentum we’re seeing, December could be even more bullish. Let’s enjoy the ride and see what’s ahead!

Yes, we already know that the Trump winning the election is already the catalyst so that's something we are sure of. As for their holdings, if we compare to us, average joe investors, we still think that we can make profits at this market, despite the price is still very high.

Predictions like $150k-$180k is still up there, meaning, the biggest we invest the bigger profits we have to make. So again, there is not like something that we are not expecting, we are looking for this price point along and we have been predicting this ever since this phase started from 2021-2025 run, the four year cycle.

apogio

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Quote from: Finestream on Today at 02:50:33 AM

Exactly (that's the reason)! That’s why we’re all smiles when the price shoots up like this. We’re not just holding Bitcoin for the sake of it, everyone, even MicroStrategy, holds it with the goal of selling at some point in the future. Seeing the price pump beyond our target is already a win, no matter when we decide to cash out for fiat. Success feels pretty good, doesn’t it?

Just imagine the following -real- scenario.
You buy $150 worth of Bitcoin in 2020.
You just set it aside and forget it.
In 2024, you want to buy a service subscription.
Let's say the subscription costs $15 per month.
You can either use $150 from you card and buy 10 months of this subscription, or use the BTC you have set aside from 2020 and now with the same initial amount of $150 you can buy approximately 80 months of the subscription.

Now, instead of cashing out the BTC and paying with FIAT, giving premium to banks, credit cards etc, imagine using the Bitcoin immediately without intermediary. I reckon that's a better way of doing things!

I don't know about MSTR but personally, I view Bitcoin as a currency.
I use it as much as I can to buy regular stuff and I don't plan to cash out.
In life, there is no "never", but my goal is to live using Bitcoin instead of FIAT.
So far, it's not possible, but it kind of works for a very small percentage of my financial transactions.
I don't view Bitcoin as an investment... I am among the very few who think Bitcoin will become the global store of value and, why not, the global currency. The latter is very difficult, I know, but the former is very easy!

Cryptmuster

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Quote from: Finestream on Today at 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.

Honestly, their prediction seems conservative at this point. With the momentum we’re seeing, December could be even more bullish. Let’s enjoy the ride and see what’s ahead!

MicroStrategy also bought bitcoin and now they have more than 300k BTC, and if we consider that the price of bitcoin has almost reached 98k, then we can reach 100k even before the end of the month. But given how boldly Sailor buys bitcoin (their last purchase was at 88k), I can assume that 100k is not the price they are expecting. Perhaps due to growing inflation, the values that bitcoin will be able to grow to will be quite high, maybe 150k+, but I do not believe in what Sailor is saying when he talks about prices in the hundreds of thousands.

Finestream

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Quote from: apogio on Today at 02:42:48 AM

The price does matter only if you plan to exchange the BTC back to FIAT.

Exactly (that's the reason)! That’s why we’re all smiles when the price shoots up like this. We’re not just holding Bitcoin for the sake of it, everyone, even MicroStrategy, holds it with the goal of selling at some point in the future. Seeing the price pump beyond our target is already a win, no matter when we decide to cash out for fiat. Success feels pretty good, doesn’t it?

Quote from: mindrust on Today at 02:47:58 AM

Isn’t it already at $100k at the moment?

Let me check, wait.... ohmm its still $97k

Quote from: mindrust on Today at 02:47:58 AM

Captain Saylor is taking us to the Mars before Elon.

Right, it gets boring hearing "to the moon" all the time. Maybe it’s time for something new...like "to the mars" or even better, "to the bank"... Grin

mindrust

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Isn’t it already at $100k at the moment? To me, it is. I am pretty sure btc sells for more than $100k in some parts of the world or on some exchanges. Michael didn’t have to make this prediction anyway. We all know he is the one who drives the prices up. He is borrowing money and selling microstrategy stocks to buy more bitcoin and when bitcoin goes up, it enables them to borrow more and buy even more btc. If this brilliant strategy works for another year, bitcoin will even hit a million dollar price tag.

Buckle up.

Captain Saylor is taking us to the Mars before Elon.

apogio

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The price does matter only if you plan to exchange the BTC back to FIAT.
If not, then Bitcoin has the exact same value that it used to have at $15k.
If I could make a "prediction", then it would be that long-term Bitcoin can reach a higher market cap than Gold, which means that Bitcoin can be worth approximately $15T.
With this price, then each Bitcoin could be worth approximately $700k.
I am saying this because people -generally, not you- have a terrible idea of what Bitcoin could be worth.
Reaching $1M per Bitcoin is great, but you can see that in order for it to happen, Bitcoin must surpass Gold, which, in my opinion will take a long time to happen.
Our goal should be to achieve global Bitcoin adoption. If we could accomplish that, then Bitcoin would reach $1M before we know it.

OcTradism

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Quote from: Finestream on Today at 02:19:20 AM

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.

Honestly, their prediction seems conservative at this point. With the momentum we’re seeing, December could be even more bullish. Let’s enjoy the ride and see what’s ahead!

$100,000 is a round number and it is like $10,000 in the past, it will be very strong resistance and barrier for Bitcoin to break. There are many possibilities for Bitcoin to break it.

The perfect one is breaking it with a first try. That would be massive but don't feel bad if Bitcoin fails to break it with its first attempt.
The another possibility is Bitcoin will try one, two or three times and eventually will succeed to hit and break $100,000. This scenario is what I believe will happen.

Either what will come true, I believe Bitcoin will break out from $100,000 and make its ATH for this cycle higher than that. We have one more year for bull run, a lot of time for many ATHs in future.

When will $100,000 be broken, honestly I really don't mind it will happen in 2024 or in 2025.

hugeblack

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Other than being a psychological barrier, there is not much difference between $97,000 and $100,000 if we compare it to $15,000 (the bottom of the cycle), $60,000 (the previous peak), or even the levels at the beginning of the year at $70,000. We will hear a lot of predictions but no one can predict the price direction, all that can be said is that we have not yet reached the highest peak where positive news continues for several days without any negative news.

Finestream

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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.

Honestly, their prediction seems conservative at this point. With the momentum we’re seeing, December could be even more bullish. Let’s enjoy the ride and see what’s ahead!

Topic: MicroStrategy is predicting BTC will hit $100kby the end of the year. (Read 75 times)