Michael Saylor, Executive Chairman of MicroStrategy, recently discussed the ongoing cryptocurrency rally and the potential for more pro-Bitcoin policies in the United States.

In an interview with CNBC’s “Closing Bell: Overtime,” Saylor expressed optimism about the future of Bitcoin, citing recent political developments and MicroStrategy’s strategic investments.

Saylor highlighted the impact of the recent U.S. elections, noting that the Republican victory could lead to a more favorable regulatory environment for cryptocurrencies.

He emphasized that the “red wave” is likely to result in pro-Bitcoin policies and a supportive digital assets framework.

Regarding the leadership of the Securities and Exchange Commission (SEC), Saylor refrained from speculating on potential successors to current Chair Gary Gensler.

However, he expressed confidence that the incoming administration would appoint a pro-business and pro-Bitcoin individual to lead the SEC, which could further bolster the cryptocurrency market.

MicroStrategy has continued its aggressive Bitcoin acquisition strategy, recently purchasing an additional 27,200 bitcoins for approximately $2.03 billion.

Saylor also addressed the potential for Bitcoin to reach new price milestones, stating that he is planning a celebration for when Bitcoin surpasses $100,000.

He expressed confidence that this milestone could be achieved by the end of the year, reflecting his bullish outlook on Bitcoin’s future performance.

^{BitcoinVersus.Tech Editor’s Note:}

^{We volunteer daily to ensure the credibility of the information on this platform is Verifiably True. If you would like to support to help further secure the integrity of our research initiatives, please donate here} 

BitcoinVersus.tech is not a financial advisor. This media platform reports on financial subjects purely for informational purposes