In a recent interview with CNBC, MicroStrategy co-founder Michael Saylor predicted that the price of Bitcoin could reach $100,000 by the end of this year.
Saylor is convinced that Bitcoin is not going to revisit the $30,000 level. Instead, the leading cryptocurrency is going to surge higher in the near future.
"I'm planning the $100,000 party, and I'm thinking that it's probably going to be New Year's Eve at my house. So, I will be surprised if we don't go through $100,000 in November or December" he said.
The leading cryptocurrency dipped below the $87,000 level earlier this Friday after reaching a lifetime peak of $93,477 on Wednesday, according to CoinGecko data.
Polymarket bettors currently see only a 36% chance of Bitcoin hitting $100,000 this November.
According to Bloomberg, the ongoing Bitcoin rally has started showing signs of cooling based on recent data fro the derivatives market.
Arman Shirinyan
Dan Burgin
U.Today Editorial Team
Vladislav Sopov