Michael Saylor, the founder of MicroStrategy and a prominent Bitcoin bull, believes that Bitcoin is unlikely to fall to $60,000, a crucial price level for most of 2024. He believes that Bitcoin will continue to rise and is planning a party to celebrate its potential rise to $100,000 by New Year's Eve.

Saylor's optimism is based on his belief that Donald Trump's win in the US election has eliminated any near-term threats to Bitcoin and cryptocurrencies in the United States. He expects more pro-Bitcoin policies and a framework for digital assets, which he sees as extremely bullish for the crypto industry.

Saylor also supports the US Strategic Bitcoin Reserve Bill, which aims to have the US government accumulate 1 million Bitcoin over five years. He believes that if the bill passes as drafted, it would bring a $16 trillion benefit to the United States over 21 years. Show Less