Here’s Why $100k Is The December Target
The post Here’s Why $100k Is The December Target appeared on BitcoinEthereumNews.com.
DISCLAIMER: This article is a SPONSORED Press Release and does not constitute Finbold’s editorial content. Crypto assets/products involve significant risks. Do not invest unless you are prepared to lose your entire investment. For a full disclaimer, please . The Bitcoin price is poised to hit six-figures this year for the first time ever. BTC has already formed multiple new all-time highs follow Donald Trump’s landmark victory in the US Presidential Elections, trading as high as $80,100 on Sunday. With strong spot Bitcoin ETF inflows, Federal Reserve’s quantitative easing and Trump’s pro-crypto promises, experts believe that $100,000 is the next reasonable target for Bitcoin. Aside from BTC, analysts are also projecting strong growth in new meme coins like GOAT, MOODENG and PEPU. Next Bitcoin Price Target – $100,000? The Bitcoin price has hit a new all-time high of just over $80,000 heading into the weekly close. After trading as low as $67,000 earlier this week, BTC has added $13k to its price, gaining over $200 billion in market value within just days. Donald Trump’s landmark win over Vice President Kamala Harris played a crucial role in triggering the Bitcoin bull run. However, the Trump rally isn’t over. For instance, the President-elect has promised to establish a Strategic Bitcoin Reserve. In fact, co-founder of the Satoshi Act Fund Dennis Porter reveals that multiple states have also been considering establishing Strategic Bitcoin Reserves of their own. BREAKING: Bitcoin hits a new ATH of $77,000 after news of multiple states introducing Strategic Bitcoin Reserve legislation. — Dennis Porter (@Dennis_Porter_) November 8, 2024 With a Republican supermajority, the idea of a Bitcoin Reserve is no longer just a pipe dream. As Donald Trump prepares to take office on January 20th, investors have an opportunity to potentially front-run Bitcoin’s establishment as a reserve asset. As a…
Filed under: News - @ November 10, 2024 3:26 pm