Positive regulatory developments in the US over the last 12 months are a good sign for the digital asset industry and markets, the Strategy co-founder said.
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Michael Saylor, the co-founder of Strategy, the biggest Bitcoin () treasury company by holdings, forecast that Bitcoin would hit $150,000 by the end of 2025.
“I think that these 12 months have probably been the best 12 months in the history of the industry,” Saylor CNBC at the Money 20/20 conference in Las Vegas on Monday.
Saylor cited the Securities and Exchange Commission (SEC) , US Treasury Secretary Scott Bessent endorsing , and the overall regulatory pivot in the US as reasons to remain bullish. He said:
“Our expectation right now is that by the end of the year, it should be about $150,000, and that’s the consensus of the equity analysts who cover our company and the Bitcoin industry.”
The forecast comes amid depressed crypto asset prices, following a market crash that was ignited by US President Donald Trump , sparking investor fears of macroeconomic instability.
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October’s historic market crash was , leaving the long-term market trend of higher crypto prices intact, analysts at The Kobeissi Letter , adding that they were confident a US-China trade deal would be reached.
In the following weeks, officials from both countries , signaling easing trade tensions and a willingness to negotiate a deal.
Trump reversed course and with China’s President Xi Jinping at the Asia-Pacific Economic Cooperation (APEC) summit in Seoul, South Korea, on Friday.
Bessent said on Sunday that the US and China have , an announcement that was celebrated by analysts, investors, and crypto industry executives.
“Asset prices will get crazy this week if the US-China trade deal is announced and the Fed cuts interest rates. Buckle up,” investor and analyst Anthony Pompliano .
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