Why $71 Billion Bitcoin Behemoth Strategy Is Still Betting on BTC Hitting $150K This Year

Michael Saylor, co-founder of Strategy, remains optimistic about Bitcoin reaching $150,000 by the end of the year, despite recent price dips. Speaking at the Money 20/20 fintech conference, he attributed his confidence to diminishing volatility and a more structured market with better hedging options. Saylor believes the past year has been the most successful in the cryptocurrency sector's history, as more companies consider holding digital assets. While Bitcoin has faced recent drops, falling to around $110,000 after comments from Federal Reserve Chair Jerome Powell regarding interest rates, Saylor's long-term prediction sees Bitcoin potentially hitting $1 million within the next four to eight years. This perspective highlights the broader belief that a structured approach to cryptocurrency investment will continue to gain traction among corporations.

Source 🔗