MicroStrategy Co-Founder Michael Saylor Reacts to Tom Lee's Bullish Bitcoin Outlook: 'Nations Will Adopt #Bitcoin as a Treasury Reserve Asset'

Michael Saylor, co-founder of the MicroStrategy giant and a vocal Bitcoin evangelist, has shared an extract from the recent appearance Tom Lee made on CNBC’s Squawk Box show.

MicroStrategy co-founder and Bitcoin maximalist Michael Saylor shared a snippet from Tom Lee’s recent appearance on CNBC’s Squawk Box. During the show, Fundstrat’s co-founder and head of research made a bullish Bitcoin price prediction.

Tom Lee’s bullish Bitcoin outlook and Saylor’s response

Tom Lee told the CNBC show hosts that Bitcoin is “potentially a Treasury Reserve asset” for the U.S. If it is adopted in this status and if the price goes up, it can help the U.S. reduce the budget deficit, Tom Lee said.

While the regulatory overhang has currently begun to reduce over the pioneer cryptocurrency, the Fundstrat’s expert still strongly believes that BTC can reach $100,000 by the end of this year and go higher in 2026, and then in 2027.

Michael Saylor added his own two cents to that message from Lee, writing: “Nations will adopt #Bitcoin as a Treasury Reserve Asset.”

Nations will adopt #Bitcoin as a Treasury Reserve Asset.pic.twitter.com/bWOgCTpvJN

Bitcoin price’s mild rebound

After reaching an all-time high of $77,252, the Bitcoin price rebounded, and the asset is currently trading at $76,500. A recent Santiment tweet attributes this drawdown to a rapid change in the social narrative. Many traders have also begun locking in their profits after seeing BTC reach a new historic price peak. After hitting the ATH, Bitcoin has rebounded by 1% at the time of writing.

? Bitcoin's ascension to $77K has rapidly changed the social narrative. When the crowd has gotten too eager about $80K BTC, we've seen prices retrace. Use the crowd's FOMO and FUD following an all-time high to your advantage with this updating chart. ?https://t.co/9Njjzi46Tp pic.twitter.com/77m7hUrux8

In total, since Wednesday and until the new price record on Friday, Bitcoin has seen a staggering 11.35% post-election surge fueled by another interest rate cut of 25 basis points performed by the Fed Reserve.

Bitcoin maximalist and JAN3 boss Samson Mow still believes that Bitcoin will soon surpass the $80,000 mark as he tweeted: “You can still buy Bitcoin for less than $0.08M.”

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