MicroStrategy is predicting BTC will hit $100kby the end of the year. - page 3.

Reatim

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

Well, it looks like they’re onto something because Bitcoin has already surged to $97k!

I thought we all expected this?

$100k was almost the ‘goal’ of a lot of investors for this year. We were all expecting that this would be the ultimate ATH set for this year and if not, then maybe early 2025 but as we can see it seems like we might not have to wait for that long to see our manifestations come true. By the end of November, we might see bitcoin reach $100k for sure.

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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!

Back then when bitcoin was having a difficult time in surpassing $70k, everyone was suspicious if it still could reach $100k but look at it now! I could even bet for $120k or $150k for December up to the early months of 2025.

Z-tight

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So many people made similar predictions, especially since BTC has been rising fast in the last couple of weeks. The price is already very close to $100k, and if it manages to break that before the end of this month, we may need a higher prediction for the end of the year. I recognize BTC as money, a currency that we can spend, but there is no gainsaying the fact that every bitcoiner should be happy with what is happening in this bull run, it is an exciting time to be a bitcoiner and adoption continues to grow.

retreat

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I also think Bitcoin is heading there - investor optimism and the momentum after the US election are important factors that are pushing the price of Bitcoin further. If this continues, it is very possible for Bitcoin to hit $100k USD or even beyond it by the end of the year. But we also need to consider the possibility that there will be negative news that might break that, because we don't know how the market will be in the future.

palle11

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Yesterday, bitcoin closed around $93k and this morning it jumped to $97k. At the time of writing this, price hit $97,800 from CMC. So giving the rate of volatility lately, 3k to make up to 100k is just about 3.% of 97k. So it is still a minor movement to cover. Therefore, I see the price movement rapid enough to reach such price. Maybe we could see a bounce back from the resistance around the spot.

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---MicroStrategy said on Monday that it bought an additional $2.03 billion in Bitcoin, increasing its total holdings to 279,420 BTC.

This is most likely to form another strong move because of the position of MicroStrategy hodling more btc.

goldkingcoiner

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I predicted 105K

ultrloa

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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.

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!

I guess we don't need to wait at nearly end of this year since there's huge possibilities that anytime to day or in next following days this 6 digit figure($100k) will be reached by bitcoin. These will be a great milestone and it will leave a mark since this is the first time in history that bitcoin would hit this figures.

December month would be more exciting since everyone would provably get hype more on these date knowing that many people speculate that there are more factors that could drive the demand. So there's huge chance for bitcoin to achieve more great figure even for next year. So everything in the market right now becoming more interesting and for sure there would be more from bitcoin since bullish season seems going to continue until next year.

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

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!

From what we are experiencing now, it is likely that Bitcoin might get to $100k before the end of the month. But we should also remind ourselves that nothing is certain. We might also experience a pullback that could bring the price to less than $90k. The reduction of interest rates and favorable political sentiment are contributing to this rise. But with the conflict in the Middle East and Russia/Ukraine, we should be prepared for anything.

Kelward

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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.

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!

Bitcoin has surged past $97k and from the way I'm seeing it, end of this year will be too far before we see the much anticipated $100k price. We're already in the bull run so we're expecting a steady upward trend that will take us up to the peak, and I'm pretty sure that it won't be this year. Perhaps Microstrategy, is up to something as you said, but I won't worry myself about whatever it is, I'm more concerned about history being made to show some haters that I know that Bitcoin has the potentials to reach $100k and far above. I won't be surprised if $100k happens today or latest in a couple of days, I'm eagerly looking forward to it.

Majestic-milf

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Except he means "Bitcoin will hit $100k by the end of the year and remain like that" , if not that time is too far for it's price with what we are seeing now. Maybe when he made this statement, he was banking on volatility to do it's work and bring the price back to around $89-90k so that $100k by the end of the year will look possible. It's either that because from the looks of things his prediction is coming to fruition way too early than he imagined.
Well, that's the thing with predictions and speculations; they may or may not happen by the time we see it but in his own case, that prediction will be realized sooner rather than later.
For me, we could close the year with Bitcoin price at $100-105k.

tbct_mt2

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Quote from: fruktik on November 21, 2024, 05:11:31 AM

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.

Things change fast and from the end of this year, the end of this month, why don't we change it to the end of today?

It's no joke because Bitcoin passed $98,200 on Binance and with very high price like this, an increase of $1,800 more is very easy. It's only 1,84% increase from $98,200, and it's not big deal with Bitcoin.

It can fail to break $100,000 today or succeed but I don't worry if it fails today, this month or this year, because I know Bitcoin will make $100,000 as its next "Not look back price".
https://charts.bitbo.io/never-look-back-price/

Kemarit

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Quote from: fruktik on November 21, 2024, 05:11:31 AM

Quote from: michellee on November 21, 2024, 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.

Good, I mean this was our prediction as well, when Trump won the election that we will be in the $92,000 range. And it did hit and so with that, we put our predictions that $100,000 is possible at the end of the month.

And seeing another all time high today, why not? We are just a couple of thousands of dollars and when the US market opens, then there is this big possibility that in the next 24 hours, the price is going to breach that 6 digit for the first time in history.

For others who might be awake that time, it might be a good feeling to wait for that price.

So it doesn't need for us to be rocket scientist, we are seeing what Saylor has been seeing in the last week or so.

fruktik

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Quote from: michellee on November 21, 2024, 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.

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Quote from: OcTradism on November 21, 2024, 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 November 21, 2024, 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 November 21, 2024, 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 November 21, 2024, 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 November 21, 2024, 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 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.

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 November 21, 2024, 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!

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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.

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 November 21, 2024, 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 November 21, 2024, 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 November 21, 2024, 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

Topic: MicroStrategy is predicting BTC will hit $100kby the end of the year. - page 3. (Read 627 times)