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Michael Saylor, founder and chairman of Microstrategy, predicted that the price of Bitcoin will reach $100,000 by the end of 2024. In an interview with CNBC, he cited Wall Street support and positive actions from regulators as factors in Bitcoin’s growth. According to Silver, Microstrategy’s investors and shareholders want to buy more Bitcoin.

Silver also announced that Microstrategy plans to invest $42 billion in Bitcoin. The company bought 27,200 Bitcoin in the first 10 days of November with an investment of $2 billion, and today announced the purchase of another 51,780 Bitcoins, worth $4.6 billion.

MicroStrategy's massive Bitcoin buy-in fuels $100,000 price prediction. 🎭