Michael SaylorCEO of MicroStrategy Inc. (NASDAQ:MSTR), considered the Donald Trump-led Republican triumph the ‘biggest’ bullish catalyst for Bitcoin (CRYPTO: BTC) over the past four years.
What happened: In an interview with CNBC on Thursday, Saylor said the “red wave” has been “incredibly promising” for Bitcoin and the broader cryptocurrency industry.
The Bitcoin bull expected a friendlier SEC at the helm amid speculation about the current chairman Gary Gensler step aside.
“It’s very good for the cryptocurrency industry. We’re going to see a lot more pro-Bitcoin policies. We’re going to see a framework for digital assets. We will see an end to the war on crypto,” Saylor predicted.
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With the election uncertainty behind us, Saylor has also ruled out any major bearish events for Bitcoin in the near future.
“I’m planning the $100,000 party, and I think it will probably be New Year’s Eve at my house. So I would be surprised if we don’t get to $100,000 by November or December,” Saylor said enthusiastically.
See also: Dogecoin Millionaires on the Rise – investors with $1M+ in DOGE revealed!
Why it’s important: Saylor’s bullish sentiment matched the continued success of his company’s publicly traded shares.
Shares of MicroStrategy hit a record high earlier this week, pushing the company’s market valuation to $72.26 billion, up $50 billion since September 6. This profit exceeded the total capitalization of Ford Motor Co. (F) and Cognizant Technology Solutions Corp. (NASDAQ:CTSH).
The company, known as Bitcoin’s largest business owner, had unrealized profits of more than $12.7 billion at the time of writing, according to data from bitcointreasuries.net.
