Michael Saylor: Bitcoin Won't Retrace to $60,000, No Threats in Short Term

MicroStrategy founder Michael Saylor has ruled out a pullback in Bitcoin to $60,000 - a price point that is critical for much of 2024, according to Cointelegraph.Saylor said in a Nov. 14 interview with CNBC, “I don't think it's going to go down to $60,000, I don't think it's going to go down to $30,000, I think it's going to continue to go up from its current price.” He said Trump's victory “very clearly” determines the future of cryptocurrencies and bitcoin in the U.S., adding, “I really don't see any threats in the short term.”

I'm planning a party to celebrate Bitcoin hitting the $100,000 mark, and I think it's probably going to be a New Year's Eve party at my house, so I'd be surprised if Bitcoin doesn't break $100,000 in November or December, Saylor said.
Saylor also weighed in on speculation that Securities and Exchange Commission (SEC) Chairman Gary Gensler could resign when Trump takes office next year, saying that whoever replaces him in that role will play “the most critical role” in the cryptocurrency industry.