On the 7th (local time), cryptocurrency-friendly Donald Trump was elected as the US president, and Bitcoin is expected to surpass $100,000 by the inauguration on January 20th next year.
Market experts believe that the new administration’s pro-Bitcoin policies will reshape the cryptocurrency environment, allowing the current rally to continue.
Fadi Abu-Alfa, head of research at CoinShare, said that the election of Trump has recently led to a surge in Bitcoin exchange-traded funds (ETFs).
He predicted Bitcoin would hit $100,000 before taking office. Jeff Kendrick, global head of digital assets at Standard Chartered, is more optimistic.
Bitcoin will get wings if Trump fires crypto-naysayer SEC Chairman Gary Gensler and makes Bitcoin a national reserve fund
He predicted that Bitcoin could reach $125,000 by the end of this year and $200,000 by the end of 2025.
2024/11/08 09:58 KST
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