- Bitcoin surged to $93,000, just 9.7% away from $100,000, driven by an 8% daily and 20% weekly gain.
- Bitcoin advocate Michael Saylor hints at a $100,000 celebration, emphasizing its potential as a global asset.
- Enthusiasts and critics alike react, with speculations that Bitcoin could hit $100,000 in the coming days.
Bitcoin, the pioneer cryptocurrency, surged to an all-time high of $93,000 on Wednesday, marking a significant leap in its quest for a six-figure valuation. With a robust 8% rise on the day, Bitcoin’s momentum has captured global attention, achieving a 20% gain over the past week. Notably, this rally aligns with brokerage firm Bernstein’s prior prediction that BTC would reach $90,000 if Donald Trump secured his reelection bid. Trump’s recent victory appears to have intensified BTC’s bullish streak, propelling it over 31% since the November 5 election.
As Bitcoin now hovers just 9.7% away from the iconic $100,000 threshold, anticipation has reached fever pitch across the crypto community. Among the most enthusiastic supporters is MicroStrategy chairman and well-known BTC evangelist Michael Saylor, who is preparing for the historic moment.
Saylor Plans a $100,000 Bitcoin Celebration
Michael Saylor, a longstanding advocate for Bitcoin, recently hinted at a potential party to celebrate the cryptocurrency’s anticipated $100,000 milestone. In a Wednesday tweet, Saylor expressed excitement about Bitcoin’s latest price surge, underscoring his belief that the asset is undervalued and poised for explosive growth. Saylor has frequently predicted a future where BTC could comprise up to 7% of global wealth, projecting it could reach $13 million by 2045. For now, however, his sights are set firmly on the $100,000 mark—a benchmark he feels could be imminent.
Saylor’s message quickly sparked reactions among prominent crypto figures, including JAN3 CEO Samson Mow. Known as the “Asian Michael Saylor,” Mow fueled speculation that BTC might hit the six-figure valuation by next week, adding to the excitement with his remark that he’d be “a bit busy” to attend Saylor’s party if it happens.
Bitcoin’s core critic, Peter Schiff, also chimed in, replying to Saylor’s tweet with a rare lighthearted comment, asking if he was invited to the celebration. Schiff’s reaction drew a flurry of responses, with many crypto enthusiasts reminding him of his earlier bearish stance on BTC and predicting he might have to revise his position.
The community is buzzing with optimism, spurred on by Saylor and Mow’s confident assertions. Bitcoin’s meteoric rise has once again highlighted the contrasting opinions within the financial space, as well as the staunch loyalty of crypto enthusiasts. Many analysts suggest that if BTC continues on its current trajectory, it could very well break through the $100,000 barrier in a matter of days.
As the crypto community awaits Bitcoin’s approach to $100,000, Saylor and other advocates remain steadfast in their belief that BTC is on a trajectory toward historic highs. While skeptics like Schiff maintain their reservations, the prevailing sentiment is one of enthusiasm and bullish anticipation. Should BTC reach $100,000, it would not only validate long-standing predictions but also mark a monumental achievement in the cryptocurrency’s journey as a global asset.