Michael Saylor sees something big coming for Bitcoin
BTC when published $84,495Now $80,595 ▼ −4.62% since it was published
Michael Saylor, executive chairman of Strategy, (NASDAQ:MSTR) says Bitcoin has entered the early stage of a new bull run and could clear $100,000 sometime in the next 12 months. But he did not promise it by year-end. In a recent interview with Schwab Network, Saylor said Bitcoin bounced off its 200-week moving average, a level that usually marks the end of a bear market, and has since rallied about $20,000. " I can't be sure it happens by the end of the year, but I feel like we're definitely moving back into the six figures at this point ," said Saylor. He named digital credit, banks lending against Bitcoin and tokenized securities as the main tailwinds.
First reported by TheStreet. This page is a short excerpt; the full text is theirs.
